Macy's Inc. news and archive

Macy's Inc. appoints Robert Chavez to its Board of Directors

Department store group Macy’s, Inc. has announced the appointment of Robert Chavez to its board of directors, effective as of April 1, 2025. “Bob will bring significant additional retail industry and leadership experience to our Board as we further our efforts to capture market share across our three nameplates,” said Tony Spring, chairman and...

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Macy's banks on turnaround, ups earnings forecast

For the first quarter, Macy’s diluted earnings per share were 22 cents and adjusted diluted earnings per share were 27 cents compared to 56 cents in the same quarter of 2023. Net sales of 4.8 billion dollars were down 2.7 percent, comparable sales were down 1.2 percent on an owned basis and down 0.3 percent on an...

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Retail

Macy's expands small-format store strategy

American department store chain Macy’s has announced four new small-format stores scheduled to open by autumn in the Northeast and Western regions of the US as part of its ongoing expansion strategy to give customers curated selections in a “fresh space with a new vibe”. In 2020, Macy’s introduced the first iteration of its small-format stores...

Retail

Macy's announces plans to launch curated digital marketplace

Macy’s, Inc. has announced plans to launch a curated digital marketplace to expand the company’s omnichannel approach. The new marketplace will expand the company’s assortment in existing categories and brands and introduce a range of new categories, by enabling carefully selected third-party merchants to sell their products on macys.com and...

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Macy's begins refinancing

Macy's Inc, whose business moves will be closely watched as we are coming out of the coronavirus pandemic, has begun its refinancing procedures. The company has announced the offering of 1.1 billion dollars in secured notes that were set to maure in 2025. The company intends to use those notes along with cash on hand to repay the current...