Macy’s, Inc. to enhance its real estate portfolio value with Brookfield Asset Management partnership

CINCINNATI, 2016-Nov-12 — /EPR Retail News/ — Consistent with its previously announced strategy, Macy’s, Inc. (NYSE:M) today (Nov. 10, 2016) announced it is forming a strategic alliance with Brookfield Asset Management, a leading global alternative asset manager, to create increased value in its real estate portfolio. Brookfield’s investments in real estate span all major sectors […]

Macy’s, Inc. to hire 83,000 seasonal associates for the 2016 Christmas and holiday season

CINCINNATI, 2016-Sep-22 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today (Sep. 20, 2016) said it plans to hire seasonal associates for approximately 83,000 positions at its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide for the 2016 Christmas and holiday season. The company’s 2016 seasonal hiring plan is essentially flat […]

Macy’s CEO Terry J. Lundgren will transition the position to Jeff Gennette in Q1 2017

Terry Lundgren to remain Executive Chairman as Jeff Gennette becomes CEO in the first quarter of 2017; Planned succession process supports upcoming strategies for business improvement CINCINNATI, 2016-Jun-28 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today announced that Terry J. Lundgren, the company’s CEO since 2003 and Chairman since 2004, will transition the position […]

Macy’s, Inc. announces two key senior executive changes

Peter Sachse named Chief Growth Officer; Justin MacFarlane joins Macy’s, Inc. as Chief Strategy, Analytics and Innovation Officer CINCINNATI, 2016-Feb-04 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today announced two key senior executive changes as the company moves aggressively to grow its omnichannel business based on intensive insight into evolving consumer preferences and changing shopping patterns. […]

Macy’s: Bloomingdale’s to open store in Kuwait in 2017 as part of its partnership with Al Tayer Group LLC

CINCINNATI, 2016-Jan-21 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today announced that a Bloomingdale’s store is planned to open in spring 2017 in Kuwait as part of a strategic partnership with Al Tayer Group LLC, a leading UAE-based company with diversified business. This will be Bloomingdale’s second international location (the first opened in Dubai in 2010) […]

Macy’s, Inc. to reduce SG&A expense by $400 million while still investing in growth strategies

CINCINNATI, 2016-1-7 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today announced a series of cost-efficiency and process improvement measures to be implemented beginning in early 2016 that will reduce SG&A expense by approximately $400 million while still investing in growth strategies, particularly in omnichannel capabilities at Macy’s and Bloomingdale’s. The actions represent progress toward the […]

Macy’s, Inc. Q3: Spending by domestic customers remained tepid, especially in key apparel and accessory categories

Company updates guidance, outlines strategy on real estate CINCINNATI, 2015-11-12 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today reported earnings per share of 36 cents in the third quarter of 2015, ended Oct. 31, 2015. Excluding asset impairment charges of $111 million, or 20 cents per share, primarily related to the previously-announced plans to close 35 […]

Frank Blake elected to Macy’s, Inc. Board of Directors

CINCINNATI, 2015-11-12 — /EPR Retail News/ — Frank Blake, recently former chairman and chief executive officer of The Home Depot, has been elected to the Macy’s, Inc. (NYSE:M) Board of Directors. Blake’s election increases the size of the board to 14 members. Blake, 66, was named Home Depot’s chairman and chief executive officer in 2007 and served […]

Macy’s, Inc. sells the top four floors of its downtown Seattle store to controlled affiliate of Starwood Capital Group

CINCINNATI, 2015-10-12 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today announced it has sold the top four floors (levels five through eight) of underutilized space in its downtown Seattle store, located at 300 Pine Street, to a controlled affiliate of Starwood Capital Group to be converted to office use. The Macy’s store will remain open and […]

Macy’s plans to hire seasonal associates for approximately 85,000 positions for the 2015 Christmas and holiday season

CINCINNATI, 2015-9-22 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today said it plans to hire seasonal associates for approximately 85,000 positions at its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide for the 2015 Christmas and holiday season. The company’s 2015 seasonal hiring plan is essentially flat to last year. “Macy’s […]