Bloomingdale's news and archive

Macy’s returns to positive comparable sales growth in fiscal year 2025

US department store group Macy’s has reported its financial results for the fourth quarter and full fiscal year 2025, highlighting a return to positive comparable sales growth across its portfolio. The group, which operates Macy’s, Bloomingdale’s, and Bluemercury, exceeded its previous guidance despite navigating significant tariff headwinds...

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Fashion |marketing

Wuthering Heights rolls out global fashion-led marketing campaign

What appears at first glance to be another prestige literary adaptation has emerged as one of the most extensive fashion and lifestyle marketing campaigns attached to a film release, not seen since Barbie. Wuthering Heights has been supported by a global, multi-category rollout that positions the film less as a standalone cultural product and...

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Business

Macy's reports strongest Q3 results in over three years

Macy’s, Inc. reported third-quarter 2025 results that exceeded expectations and raised its full-year guidance, reflecting continued momentum in its “Bold New Chapter” strategy. Net sales reached 4.7 billion dollars, surpassing the company’s forecast, while comparable sales increased 2.5 percent on an owned basis and 3.2 percent on an...

Fashion

Maison de Sabré launches debut signature handbag The Palais in Bloomingdale's

Australian luxury leather goods and accessories brand Maison de Sabré has debuted a new signature handbag, the Palais, which has launched at the brand's online store and exclusively in-store in Bloomingdale’s. Making its debut as New York Fashion Week kicks off, the Palais is said to have been “eight years in the making,” and is the brand’s most...

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Business

Macy's Q2 sales exceed expectations, raises full-year outlook

Macy’s, Inc. reported stronger-than-expected financial results for the second quarter of 2025 and subsequently raised its full-year outlook. The company's net sales reached 4.8 billion dollars, exceeding its guidance. The market reacted positively to the news, with Macy's stock price witnessing an increase of 20.7 percent on the day of the...

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Business

Macy's Q1 earnings beat but lowers outlook amid tariff concerns

Macy's, Inc. announced financial results for the first quarter that surpassed its own guidance, signaling promising progress on its "Bold New Chapter" strategy. The retailer reported net sales of 4.6 billion dollars, despite a 5.1 percent decrease inclusive of store closures compared to the same period last year, and delivered adjusted diluted...

Retail

How department stores are reinventing their womenswear offering to boost cross-selling

To better reinvent themselves and increase cross-selling, department stores are rethinking their womenswear offering by combining creative labels with ‘heritage’ brands. From Bloomingdale's to Galeries Lafayette, the International association of department stores (IADS) has identified the different hybridisation strategies implemented by...

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People

Leadership changes at Macy's: Thomas Edwards to join as CFO

Macy’s has unveiled significant changes to its executive leadership team and organisational structure including the appointment of Thomas J. Edwards as chief operating officer and chief financial officer, effective June 22, 2025. These organisational changes are aimed at supporting the company's "Bold New Chapter" strategy. "With these changes,...

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Business

Macy's 2025 sales and profit forecasts miss expectations

In line with many of its rivals, US department store chain Macy’s reported fourth-quarter results that surpassed expectations, yet its sales and profit projections for the upcoming year fell short of investor hopes. The company cited "external uncertainties" as a factor contributing to anticipated weaker future performance. Macy's projected net...

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Business

Macy’s expects non-performing stores to impact Q4 sales

Macy’s has reaffirmed its fourth-quarter financial expectations, forecasting adjusted diluted earnings per share to fall within the previously announced range of 1.40 dollars to 1.65 dollars. The company also anticipates net sales to be near the lower end of its prior guidance, ranging from 7.8 billion dollars to 8 billion dollars. In a trading...

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Retail

Macy’s to close 66 stores as part of “bold new chapter” strategy

Macy's has confirmed the closure of 66 Macy’s store locations across New York City and surrounding regions as a part of the bold new chapter strategy, which was announced in February 2024. The company said in a release that the plan is designed to return the company to sustainable, profitable sales growth which includes closing approximately 150...

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Macy's cuts full year earnings forecast

Confirming no material impact on its financial results after completion of delivery expense related investigation, Macy’s reported GAAP diluted earnings per share of 10 cents and adjusted diluted earnings per share of 4 cents for the third quarter. Macy’s now projects full year net sales to be in the range of 22.3 billion dollars to 22.5 billion...