Macys
New York (AFP) - The iconic but struggling US department store Macy's announced plans on Tuesday to close almost a third of its eponymous locations by 2026 while building up its upscale Bloomingdale's and Bluemercury brands. In a new strategy aimed at breathing life into the 166-year-old retailer, the company said it would shut 150 "underproductive" Macy's locations. The plan, dubbed a "Bold New Chapter," said around 50 stores would be closed by the end of the current fiscal year, without mentioning how many employees would be impacted. The plan comes a week after Arkhouse Management unveiled ...
AFP
New York (AFP) - The iconic but struggling US department store Macy's announced plans on Tuesday to close around 150 locations by 2026, while concentrating investments in its more upscale Bloomingdale's and Bluemercury brands. The company, which had announced in January it would pare its workforce by 3.5 percent, said in a statement the new strategy aims to open a "Bold New Chapter" to return 166-year-old Macy's to enterprise growth. Approximately 50 of the 150 "underperforming locations" will be closed by the end of the fiscal year, the company said, without mentioning how many employees woul...
AFP
New York (AFP) - Macy's unveiled Thursday a plan to showcase Toys "R" Us merchandise, as the famed American department store became the latest retailer to report strong results on a comeback of in-store shopping. Starting next year, consumers will be able to shop for toys at more than 400 Macy's nationwide through a store-within-a-store format, Macy's said in a joint press release with WHP Global, which controls the Toys "R" Us brand. The toy brand known for its colorful Geoffrey the Giraffe mascot had fallen on hard times and struggled to survive as a stand-alone brick-and-mortar chain. Share...
AFP
New York (AFP) - Macy's unveiled Thursday a plan to showcase Toys 'R' Us merchandise in its shops as the famed American department store offered a sunny 2021 forecast that sent shares soaring. Starting next year, consumers will be able to shop for toys at more than 400 Macy's nationwide through a store-within-a-store format, Macy's said in a joint press release with WHP Global, which controls the Toys "R" Us brand. The toy brand known for its colorful Geoffrey the Giraffe mascot had fallen on hard times and struggled to survive as a stand-alone brick-and-mortar chain. Macy's touted the partner...
AFP
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