Macy’s

Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; the holding company was renamed Macy's, Inc. in 2007

Source: macys.com

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Macy’s Cuts Workforce 3.5% While Preparing to Deploy New Strategy
Macy’s Cuts Workforce 3.5% While Preparing to Deploy New Strategy
January 18, 2024  |  Retail

Macy’s is reducing its workforce by 3.5%. “As we prepare to deploy a new strategy to meet the needs of an everchanging consumer and marketplace, we...

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Will Consumers Trade Their Data for Better Offers?
Will Consumers Trade Their Data for Better Offers?
January 04, 2024  |  Retail

Personalized deals and offers can be convenient, but they’re hard to come by. Many consumers are wary about the extent of information that brands and...

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Retailers Offer Fewer Discounts as Consumers Seek Last-Minute Gifts
Retailers Offer Fewer Discounts as Consumers Seek Last-Minute Gifts
December 22, 2023  |  Retail

As the holiday season approaches, last-minute shoppers are reportedly finding that major retailers are offering smaller discounts and fewer markdowns on their products. The reduction...

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Macy’s Investors Reportedly Launch $5.8 Billion Bid to Take Retailer Private
Macy’s Investors Reportedly Launch $5.8 Billion Bid to Take Retailer Private
December 10, 2023  |  Retail

A group of investors reportedly wants to make department store chain Macy’s a private company. Real estate investment firm Arkhouse Management and Brigade Capital Management,...

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Macy’s and Claire’s Invest in Turning Virtual Experiences Into Real-World Gains
Macy’s and Claire’s Invest in Turning Virtual Experiences Into Real-World Gains
October 19, 2023  |  Retail

Brands are realizing the significance of crafting captivating digital experiences to engage their customers. The need is self-evident, requiring little persuasion for brands to invest....

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Trouble May Be Brewing for Store Card Segment as Delinquencies Rise
Trouble May Be Brewing for Store Card Segment as Delinquencies Rise
October 09, 2023  |  Credit Cards

Store credit cards — the closed-looped offerings tied to certain merchants — may signal tougher times ahead. The rising costs of credit and the rising...

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DRINKS Tech Aims to Enable Alcohol Sales for Any Business
DRINKS Tech Aims to Enable Alcohol Sales for Any Business
October 06, 2023  |  eCommerce

Beyond just integrating alcohol purchasing into grocers and liquor stores’ digital platforms, beer wine and spirits eCommerce provider DRINKS is bringing its technology to merchants...

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Macy’s to Triple Number of Small-Format Stores by 2025
Macy’s to Triple Number of Small-Format Stores by 2025
October 03, 2023  |  Retail

Macy’s plans to open as many as 30 additional small-format stores across the United States, as part of an accelerated expansion strategy. This move could triple...

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StockX Steps Up Its Game With an Immersive In-Store Buying Experience 
StockX Steps Up Its Game With an Immersive In-Store Buying Experience 
September 29, 2023  |  Retail

Back in May, PYMNTS reported that Foot Locker was planning to utilize concept stores as experimental venues for exploring localization efforts aimed at establishing stronger...

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