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Macy’s names new EVP and CTO

American fashion retailer Macy’s Inc. has announced appointment of Yasir Anwar to the role of Executive Vice President and Chief Technology Officer, effective immediately. He will oversee all technology functions for Macy’s and will drive the alignment of the retailer’s technology efforts with the company’s strategy. He will be responsible for the teams that build the end-to-end e-commerce experience, enterprise-shared services, infrastructure, field services and functional IT support. In another development, Mike Robinson has been […]

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Anna Sui teams up with Macy’s for a capsule

In an attempt to revive its flagging sales leading to shuttering of stores, Macy’s, like many other American department stores, has linked up with designer Anna Sui for a capsule collection scheduled to launch this September. Following in the footsteps of Macy’s previous collaborations with designers such as Karl Lagerfeld, Cynthia Rowley and Giambattista Valli, the collection, dubbed Anna Sui x INC, will be a collaboration with Macy’s in-house INC International Concepts line and will […]

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Macy’s notes 7.5% decline in first quarter sales

Macy’s Inc., one of the USA’s premier fashion retailers, has noted 7.5 per cent decrease in itd sales to US $ 5.338 billion in the first quarter of the current year as compared with sales of US $ 5.771 billion in the same period last year. The year-over-year decline in total sales reflects, in part, the store closings announced in 2016. Comparable sales on an owned basis were down 5.2 per cent in the first […]

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Macy’s to kick-start ‘Celebrate Summer’ campaign

America’s luxury fashion retailer Macy’s to kick-start its summer campaign this month. The campaign will be a mix of fashion and pool-ready home products, in-store events and the whole enchilada in between. The experience driven seasonal festivities also feature limited-edition collaborations such as CR by Cynthia Rowley and I.N.C + Popsicle. “Macy’s Celebrate Summer campaign features all the must-haves for the season. Melamine tableware, novelty beach towels and colourful dinnerware will highlight any occasion to […]

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Macy’s and Tailored Brands to wind down partnership

Macy’s Inc. and Tailored Brands Inc. have announced their joint plan to wind down operations under the tuxedo rental license agreement. “Macy’s is always looking for new partnerships that benefit both parties, as well as our customers, and we are grateful to have had the opportunity to collaborate with Tailored Brands. While the partnership did not produce the level of sales we expected, we will continue to benefit from the insights we gathered,” said Tim […]

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Avec Les Filles opens at Macy’s Herald Square

Former BCBGeneration’s Creative Director, Joyce Azria’s fashion brand Avec Les Filles, which was launched at Macy’s stores and online in February this, recently opened a 1,200-square-foot shop-in-shop at Macy’s Herald Square on April 19. The interior boasts of pink walls, bathroom tiles, smoky walls, black mannequins positioned strategically on marble steps and a glass cube in the centre of the store. Interestingly, the new location also houses shared design pieces with the eight Avec Les […]

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Macy’s reopens at Westfield Century City, LA

Despite fashion retail giant Macy’s continuous shuttering of its stores, it has moved ahead with the expansion and reopening of its Westfield Century City, LA, USA location last week. The mall, which is currently undergoing a US $ 1 billion expansion, has added 422,000 square feet of retail and restaurant space. The store’s POV is claimed by two My Stylist offices and a dress department. Store Manager Negin Shahabikia said that customers from the Platinum Triangle neighbourhoods, comprised of […]

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Macy’s, G-III sign deal for DKNY women’s apparel and accessories

Macy’s Inc., one of the USA’s premier retailers, and G-III Apparel Group Ltd., a leading manufacturer and distributor of apparel and accessories under licensed brands, owned brands and private label brands, have announced an agreement under which Macy’s will serve, beginning February 2018, as the exclusive US department store for sales of DKNY women’s apparel and accessories. Under the agreement, Macy’s exclusivity covers DKNY women’s apparel, handbags and shoes, in addition to women’s and men’s […]

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Macy’s aims to streamline store portfolio and intensify cost-efficiency efforts

Despite recent reports that the industry’s holiday season was shaping up to top previous estimates due to success driven by strong online sales and a burst of last-minute purchase, this didn’t help a lot of retailers who couldn’t tide through the storm. One such retailer is Macy’s whose shares tumbled more than 9 per cent after it posted disappointing holiday sales, releasing a list of 68 of the 100 stores that it plans to close. […]

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Macy’s announces fourth quarter results

Major US apparel retailer Macy’s Inc. has announced its fourth quarter results. During the period under review, its total sales stood US $ 8.515 billion, down 4 per cent from total sales of US $ 8.869 billion in the fourth quarter of 2015. On an owned basis, fourth quarter comparable sales declined by 2.7 per cent. Comparable sales on an owned plus licensed basis for the review quarter were down 2.1 per cent. Sales in […]

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Amazon to be the No. 1 apparel seller in US

Growing dominance of e-commerce giant Amzaon.com Inc. in the apparel sector can create issues for fashion brands like Macy’s, Nordstrom and JCPenney…The online retailer is going to launch its own brand of athletic apparels as part of its clothing business efforts, and a report by Cowen & Co. has claimed that Amazon could surpass Macy’s to become the ‘biggest apparel seller’ in the US this year. And this seems very true as the sales at […]

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Macy’s to cut 10,100 jobs in US

Major US apparel retailer, Macy’s Inc. has recently announced its plans to cut 10,100 jobs as it is closing stores across the American market. Store closures will eliminate 3,900 sales jobs, while a series of streamlining moves, that include cutting middle managers and restructuring store operations, will eliminate an additional 6,200 positions. The decisions come after predictions of significant cutbacks in brick-and-mortar stores with the rise of e-commerce. Macy’s intends to close 68 stores by […]

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The Finish Line unveils third quarter financial report

The Finish Line Inc., premium retailer of athletic shoes, apparel and accessories, has announced its financial results for the third quarter ended November 26, 2016. The company’s net sales stood at US $ 371 million, up by 3 per cent compared to US $ 361 million in the corresponding period previous year. In the period under review, the retailer generated gross profit of US $ 99 million, up from last year’s US $ 83 million. However, its […]

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IDG concentrates on innovation and design

A private label manufacturer, International Direct Group (IDG) caters to the US market for woven bottoms and tops for its core customers, including American Department stores such as Macy’s, Dillard’s, etc. It’s been five years since the company started sourcing from India through Delhi-based buying agents – Montrose – primarily for products that the country is well known for, such as woven shirts, embroideries and other techniques that are unique to India. Speaking exclusively to […]

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Macy’s announces Q3 FY ’16 results

American fashion retailer Macy’s Inc. has unveiled its financial results for the third quarter of current fiscal ended October 29, 2016. The company’s sales plunged by 4.2 per cent to US $ 5.626 billion compared to US $ 5.874 billion in the same period last year. In the period under review, comparable sales on an owned plus licensed basis were down by 2.7 per cent. On an owned basis, the comparable sales fell by 3.3 per cent. The […]

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