The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy’s consider a shift toward private-equity or hedge-fund ownership. These potential moves could have extensive implications for the retail sector, reshaping the landscape of the industry,...
Macy’s plans to close 150 of its stores as it focuses on its luxury brands. The department store chain made this announcement Tuesday (Feb. 27) as it released quarterly earnings, saying that the closures would affect about a third of its stores and play out over the next two...
As Macy’s closes locations by the hundreds, the retailer is turning to digital to keep customers engaged even as they lose their local, physical stores. The company shared in its fourth-quarter and full-year fiscal 2023 earnings results Tuesday (Feb. 27) that it intends to close...
Macy’s plans to hire more than 38,000 seasonal full- and part-time positions for the upcoming holiday season. The positions will be available at Macy’s, Bloomingdale’s and Bluemercury stores, as well as the company’s distribution centers, the retailer said in a Monday (Sept. 18) press release....
March 20, 2024
The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy’s consider a shift toward private-equity or hedge-fund ownership. These potential moves could have extensive implications for the retail sector, reshaping the landscape of the industry, Reuters reported Wednesday (March 20). Over the past decade, only […]
February 27, 2024
Macy’s plans to close 150 of its stores as it focuses on its luxury brands. The department store chain made this announcement Tuesday (Feb. 27) as it released quarterly earnings, saying that the closures...
September 18, 2023
Macy’s plans to hire more than 38,000 seasonal full- and part-time positions for the upcoming holiday season. The positions will be available at Macy’s, Bloomingdale’s and Bluemercury stores, as well...
April 08, 2021
Luxury beauty retailer Bluemercury has partnered with buy now, pay later (BNPL) firm Klarna to offer its flexible installment payments in-store and online, Klarna announced on Wednesday (Apr. 7) in...
