The industry customers also discussed how it plans to attract younger customers.
Macy’s, Inc. raises guidance and announces plan to return capital to shareholders.
Macy’s executives provided lots of useful insights about the current consumer mindset, category and digital sales trends, and the company’s | Read more…
The federal government’s monthly retail numbers released Thursday morning backup what we have been hearing anecdotally from industry retailers and | Read more…
Plus, when apparel sales may rebound, the bright spots in Q4, and future plans.
What’s remarkable is how poorly Macy’s stores are doing compared to how the core store channel in our industry has | Read more…
Some of the most intriguing information had to do with store sales trends, digital and credit card penetration, category shifts, | Read more…
The company also disclosed the shocking percentage of employees it laid off last week, and the types of positions targeted.
The downsizing is expected to save $630 million per year.
One of the industry’s biggest customers says it now has money to pay outstanding bills and purchase inventory, among other | Read more…
You can unsubscribe at any time