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Tag: macy’s

Retail Asia10/12/2018
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E-Tailing

Macy’s, Tmall contract completely over

3min0
Macy’s China stopped taking orders on Tmall this week and will close its operations by the end of the month. The US department store business said it chose not to renew the contract with Alibaba’s Tmall which ends on December 31. “We sincerely thank you for your support and love of Macy’s, and we will […]
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Retail Asia17/05/2018
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Fashion

‘Healthy’ sales for Macy’s physical stores

6min0
“Healthy” physical store sales for US department store have  exceeded expectations, prompting the retail giant to lift its business outlook for the year. Macy’s posted an overall sales increase of 3.6 per cent increase for the quarter compared to the same period last year to $5.5 billion. The company has raised its outlook for 2018 and is […]
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Retail Asia30/03/2018
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Fashion

JD Sports in Deal to Acquire Finish Line

2min0
British retailer JD Sports Fashion is to pay US$558 million to acquire America’s Finish Line, one of the country’s largest upmarket sportswear chains. Finish Line, whose sales reached $1.84 billion in the year to March 3, is listed on the Nasdaq. It sells multi-brand apparel and accessories from 556 branded retail stores across 44 states […]
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Retail Asia13/02/2018
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Fashion

Macy’s New Verona Collection Includes Hijabs

3min0
Macy’s has launched what it describes as a “modest clothing brand” – the Verona Collection – targeting Muslims and women seeking conservative styling. The brand was founded by Lisa Vogl and finds its way onto Macy’s online store this month after Vogl graduated from the US department store’s incubator program The Workshop at Macy’s. “Verona Collection […]
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Retail Asia06/02/2018
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Fashion

Macy’s to feature collection for Muslim women

3min0
Brands have been paying attention to Muslim women as they often set up new trends in their own communities. Recently, different brands have launched products to target them, and even cosmetics brands have been shifting their production towards halal ingredients to engage them. Catching momentum, retailing giant Macy’s announced that it is partnering with clothing brand Verona Collection to […]
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Retail Asia10/01/2018
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Fashion

Macy’s taps VR, live video in China push

3min
Macy’s, the iconic US bricks-and-mortar retailer, has taken a digital-first approach in its effort to crack the complicated China market by using innovative virtual reality and influencer strategies. “When we came into China, we started digital first, and we started building big digital homes,” Dustin Jones, Executive Vice-President and Managing Director of Macy’s China, told […]
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Retail Asia08/01/2018
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Fashion

Macy’s sales performance gets better

4min0
US department store retailer Macy’s has reported positive sales for the festive trading season, after improved sales on and offline. Macy’s comparable sales on an owned basis increased 1.0 percent in the months of November and December 2017 combined, compared to the same period last year. On an owned plus licensed basis, comparable sales increased […]
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Retail Asia11/11/2017
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Fashion

Macy’s bad days in third quarter

5min0
Department store chain Macy’s has posted disappointing third quarter earnings, but tighter inventory controls has helped boost profit margins for the retailer. Macy’s posted a drop in sales of 6.1 per cent from $5.6 billion to $5.3 billion. Comparable store sales including licensed sales has seen a 3.6 per cent decrease. Gross margin increased from […]
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Retail Asia01/02/2017
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General

What US department stores can learn from China

15min
Lucy Kruse loved the smell of perfume enveloping her as she entered the department stores of her youth. She remembers trying on soft leather gloves, and following a splash of color to the store’s elaborate hats with their feathers and veils. At Sakowitz in Houston, she peered into the Sky Terrace restaurant to see fashion models  sashay […]
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Retail Asia25/01/2017
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E-TailingFashion

BCBG Maxazria plans restructure

2min0
Women’s fashion retailer BCBG Max Azria plans to close some of its stores to focus more on eCommerce, licensing and wholesaling. “BCBG has been negatively impacted by the growth in online sales and shifts in customer shopping patterns, and as a result has too large a physical retail footprint,” says PR company Sitrick & Co […]
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Retail Asia06/01/2017
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Fashion

Macy’s looks to downsize with 68 store closures

3min0
American retail giant Macy’s Inc. has announced the closure of 68 stores as part of a plan to streamline its store portfolio and increase cost efficiency. The measures, which have already seen three stores close and will see a further 63 closed by early spring in the US, will save the struggling retailer approximately $550 […]
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Retail Asia19/12/2016
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Fashion

Stores push deals in bid to lure holiday shoppers

2min
Nearly 156 million people — or 66 percent of Americans — plan to or are considering taking advantage of Saturday sales to complete their holiday gift lists, according to a survey released Friday by the National Retail Federation and Prosper Insights & Analytics. The survey found that more people said they planned to shop on […]
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Retail Asia08/12/2016
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E-Tailing

Cross-border eCommerce ‘set to skyrocket’ in China

5min0
Cross-border eCommerce (CBEC) is set to skyrocket in China according to a new report from international think tank Fung Global Retail & Technology. To capitalise on this, international retailers need to complement their existing expansion strategy with online sales platforms, says Fung Global MD Deborah Weinswig. Cross-border eCommerce is the most efficient platform to reach […]
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Retail Asia14/11/2016
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E-Tailing

US$1 billion in first five minutes of 11.11

5min0
Alibaba Group says more than US$7 billion (RMB 47.5 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba’s China and international retail marketplaces within the first two hours of the 2016 11.11 Global Shopping Festival. And more than $1 billion was transacted in the first five minutes – from 12 midnight. “Chinese […]
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Retail Asia16/08/2016
Fashion

Ralph Lauren sales tumble

5min0
After a slight uptick in performance at the close of last year, Ralph Lauren sales have tumbled. Compared to 2015 – when total revenues declined by 5 per cent, wholesale by 9 per cent, and retail by 3 per cent – the latest sales figures are decidedly weak. In the first quarter of the new […]
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Retail Asia09/05/2016
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Fashion

Lady Gaga & Elton John launch Macy’s line

7min0
Lady Gaga, Elton John and department store chain Macy’s have launched a limited edition clothing range for charity. Love Bravery is described as “a high-spirited, limited-edition line of clothing and accessories that inspire compassion and combat prejudice”. Available as part of Macy’s American Icons campaign, Love Bravery spans several categories, including shirts, sweats, outerwear, clutches, […]
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