Bluemercury news and archive

Maly Bernstein is the new CEO of Bluemercury

Macy's, Inc. has announced the appointment of Maly Bernstein as chief executive officer of Bluemercury, effective September 13, 2021. In this role, the company said in a release, Bernstein will oversee the growth and strategy of all aspects of the Bluemercury brand, from its digital platform to stores. She will report to Tony Spring, chairman...

22 Jul 2021

Business

Macy's reports drop in Q3 sales

Macy’s, Inc. reported third quarter net sales of 3,990 million dollars compared to 5,173 million dollars in the third quarter of 2019. Comparable sales were down 21 percent on an owned basis and down 20.2 percent on an owned plus licensed basis, due to continued stores recovery and continued growth of digital business. Macy’s said diluted loss...

19 Nov 2020

Business

Macy's estimates first quarter loss to reach 1.1 billion dollars

In a preliminary report, Macy’s, Inc. said estimated first quarter net sales may range between 3,000 to 3,030 million dollars compared to 5,504 million dollars in the same quarter last year, while the company estimates reporting operating loss in the range of 905 million dollars to 1,110 million dollars. “This is a challenging time for the...

21 May 2020

Retail

Macy's temporarily closes all brand stores

Macy’s to temporarily close all stores In response to the widespread COVID-19 outbreak, Macy’s, Inc. has decided to temporarily close all stores through March 31, 2020. This, the company said in a statement, includes all Macy’s, Bloomingdale’s, Bluemercury, Macy’s Backstage, Bloomingdales the Outlet and Market by Macy’s stores. “The health and...

18 Mar 2020

People

Bluemercury founders Marla and Barry Beck exit business

Macy’s, Inc. has announced that Marla and Barry Beck, founders of Bluemercury, Inc. and creators of M-61 Skincare and Lune+Aster Cosmetics, will transition from the company. The company said, Barry Beck, Bluemercury’s chief operating officer, will step down effective September 20, 2019, to pursue a new entrepreneurial venture, while Marla Beck,...

17 Sep 2019

Retail

Macy’s plans 60 new Bluemercury stores

The cosmetics brand acquired by Macy’s Inc. in 2015 for 210 million dollars has proven so profitable that now they want to expand it by opening another 60 stores. This will better position Macy’s Inc. to compete with Ulta and Sephora. The news was first reported by Bloomberg. The additional stores will bring Bluemercury’s store count to 220,...

2 Jul 2018

Business

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.,...

4 Feb 2015