Macy's news and archive

Macy’s relaunches kidswear line Epic Threads

American retailer Macy’s has relaunched its kid’s clothing line, Epic Threads celebrating the “spirit of childhood,” as it looks to modernise its private brand. In a statement, Macy’s said the refresh of Epic Threads focuses on “playful and expressive clothing and accessories to fit the needs of every kid,” offering versatile and stylish...

Business

Macy’s ends acquisition talks with Arkhouse and Brigade Capital

Macy’s has announced that, following over seven months of engagement with Arkhouse and Brigade Capital, its board has decided to terminate discussions that failed to lead to an actionable proposal with certainty of financing at a compelling value. The company’s management team will return its full focus on enhancing shareholder value through the...

People

Macy's promotes Keith Credendino to CIO

US retail group Macy's has filled a key position in the promotion of Keith Credendino to chief information officer (CIO), a post he will take up from August 4. He succeeds Laura Miller, who is retiring. The CIO-designate joined Macy's in 2022 and has since served as senior vice president of technology product development, customer experience. In...

BusinessFeatured

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...

Fashion

LIM College student wins first FGI Future Fashion Award in collaboration with Macy's

On Monday, Fashion Group International (FGI) held its rising star award ceremony luncheon event 2024 in New York City, where the new Future Fashion award for students, in collaboration with Macy’s, was awarded for the first time. LIM College student Fatmata Camara was the lucky winner. With its Rising Star Awards, FGI aims to put emerging...

Fashion

Future Fashion Award: FGI and Macy’s to honour outstanding US college student

Today, May 13, Fashion Group International (FGI) will hold the awards ceremony for its annual Rising Star Awards, which aim to celebrate up-and-coming talent in the fashion and beauty industry. At this year’s edition, FGI will present a new award, entitled Future Fashion Award, dedicated to college students. The awards honour emerging talent in...

People

Macy’s appoints two Arkhouse director nominees to its board

Macy’s has appointed two new independent directors, Richard (Ric) Clark and Richard (Rick) L. Markee, to its board. The appointments follow the board’s engagement with Arkhouse Management, resulting in the withdrawal of its director nominations. Macy’s said in a statement that Tony Spring, chief executive officer and chairman-elect of the...

People

Macy’s nominates former head of real estate to board

Department store giant Macy’s has announced the nomination of Douglas Sesler to stand for election to the company’s board of directors at the upcoming annual shareholder meeting. Sesler, who is the founder and president of real estate investment and development firm Fair Street Partners, previously served as head of real estate for Macy’s, where...

People

Macy’s appoints new VP of its Media Network

US department store group Macy’s, Inc. has announced the appointment of Michael Krans to the role of vice president, Macy’s Media Network. Reporting to Max Magni, chief customer and digital officer, Krans will oversee the group’s in-house media publisher which connects advertising partners with the customers of both Macy’s and Bloomingdale’s. He...

Business

Arkhouse and Brigade up Macy’s bid to 6.6 billion dollars

US department store retailer Macy’s has confirmed that Arkhouse Management and Brigade Capital Management have issued a revised proposal to acquire the company’s outstanding shares for 24 dollars per share. The total would now amount to 6.6 billion dollars in cash, raising the offer by about 14 percent more than the duo’s initial 21 dollars per...

Business

Macy's to shutter 150 stores, expand Bloomingdale's

America’s largest department store operator, Macy’s, announced on Tuesday it would close 150 of its stores as part of a strategic shift under new CEO Tony Spring. The company, facing challenges, will focus on expanding Bloomingdale’s, aiming to create a more modern Macy’s, Inc. The move is seen as an effort to enhance customer relationships...

People

Macy's: Tony Spring to take charge as CEO, Chair-Elect, succeeding Jeff Gennette

Omni-channel fashion retailer Macy's, Inc. (M) announced Friday that Tony Spring will serve as chief executive officer of the company, effective February 4. He was also named Chair-Elect. As announced in March, Spring, aged 58, succeeds Jeff Gennette, who is retiring as chief executive officer after serving the company for 40 years. Gennette...