Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico. It also operated macys.com, bloomingdales.com, and bluemercury.com. In addition, the company offers licenses for its stores; and operates a beauty products and spa retailer under the bluemercury name. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in Cincinnati, Ohio.
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The U.S department store chains haven’t had a fine holiday season in 2019. In recent news, J.C Penney announced that it failed to avoid the declining sales trend during the holiday season as well. Despite a sharp drop in sales, however, the department store stood its ground regarding its yearly financial outlook. In the past two months wh...
American department store chain, Macy’s, announced the departure of its president, Hal Lawton, earlier on Thursday. As per the announcement, Lawton’s resignation will be effective by Friday. The store further highlighted that the president has decided to opt for Tractor Supply as a Chief Executive Officer, while citing the reason for Lawt...
Following the Home Depot’s Q3 earnings report earlier this week, Macy’s announced its performance results for the third quarter on Thursday. As per the report, the American department store saw a decline in same-store sales for the first time in two years. Much like Home Depot, warmer weather in the third quarter was cited as the reason f...
The American department store retail chain, Kohl’s, announced its earnings report for the third quarter on Tuesday. Having missed the sales and earnings target for Q3, the share prices were reported to have dropped by 16%. Officials from Kohl’s have highlighted the rising competition and the delay in the fall season to be the reasons why...