Bloomingdale news and archive

Macy's purchases Bluemercury for 210 million dollars

Department store chain Macy's Tuesday agreed to buy Bluemercury Inc, a luxury beauty products and spa services retailer, for 210 million dollars in cash. Macy's expects to close the deal in its fiscal first quarter which ends on May 2 and be accretive to its earnings in its first full year (fiscal 2016). Bluemercury, based in Washington, D.C.,...

Design

Bloomingdale’s CEO to be succeeded by COO

Macy’s Inc announced in a press release that Micheal Gould, Chief Executive Officer and chairman at Bloomingdale for the past 22 years, will be replaced by the company’s current president and chief operating officer, Tony Spring. Gould, who turned 70 this year, said that he felt that “now is the appropriate time for a change for both the company...