Macy's news and archive

Macy's, Dick's, Target, Walmart: How major US retailers are leveraging the FIFA World Cup 2026

With the opening whistle of the FIFA World Cup 2026 blowing today, a month-long celebration of football–or soccer–begins across the host nations of the US, Canada, and Mexico. The event is expected to contribute 30.5 billion dollars to the US gross economic output alone, according to Goaleconomy, with retail and real estate positioned as sectors...

Retail

US retail industry outlook: Store closures persist into early 2026

Following a year marked by extensive store closures in 2025 – from the bankruptcy and eventual collapse of Joann Fabrics, to major network restructurings at Macy’s and Kohl’s – the US retail industry is likely anticipating some respite in the year. However, turbulence appears set to persist, at least through early 2026. Data from Business...

Fashion|In Pictures

Macy’s collaborates with costume designer Alix Friedberg

US retailer Macy’s has unveiled its first-ever brand collaboration for its private label On 34th with costume designer Alix Friedberg, known for her work on the Emmy award-nominated Apple Original series, ‘Palm Royale’. The On 34th | Alix Friedberg capsule channels the playful sophistication and easy elegance that define the Palm Royale’s...

People

Macy's appoints Daniel Leppo as head of merchandising for men's and children's clothing

US department store chain Macy’s has appointed a new executive to a key position. On Tuesday, the company announced the appointment of Daniel Leppo as Senior Vice President and General Merchandise Manager, Men’s and Kids’. In this role, he will lead the merchandising teams in both categories and report directly to Chief Merchandising Officer...

Retail

Good American continues retail expansion at Macy’s

Good American, the fashion and denim brand co-founded by Khloé Kardashian and Emma Grede, is continuing its retail expansion with American retailer Macy’s. This spring, Good American will launch at 36 Macy’s stores across the US to expand the retailer’s denim offerings. This will expand to 79 stores from autumn 2025. The Good American collection...

Retail

Celtic & Co. expanding in the US with Nordstrom and Macy’s

British heritage fashion brand Celtic & Co., known for its ethically sourced, sustainable knitwear, footwear and outerwear, is expanding into the US with Nordstrom and Macy’s with its spring/summer 2025 collection. Celtic & Co. worked in collaboration with Refined Networks, the global e-commerce platform for cross-border digital commerce used by...

People

Macy’s names company veteran as chief stores officer

US department store giant Macy’s has appointed Barbie Cameron as its new chief stores officer, a role she will take up from February 16. Cameron has been in the position in an interim capacity since August after serving as Macy’s senior vice president and regional director of stores, East Region, from early 2020. Now taking up the permanent...

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Business

Macy’s expects non-performing stores to impact Q4 sales

Macy’s has reaffirmed its fourth-quarter financial expectations, forecasting adjusted diluted earnings per share to fall within the previously announced range of 1.40 dollars to 1.65 dollars. The company also anticipates net sales to be near the lower end of its prior guidance, ranging from 7.8 billion dollars to 8 billion dollars. In a trading...

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Retail

Macy’s to close 66 stores as part of “bold new chapter” strategy

Macy's has confirmed the closure of 66 Macy’s store locations across New York City and surrounding regions as a part of the bold new chapter strategy, which was announced in February 2024. The company said in a release that the plan is designed to return the company to sustainable, profitable sales growth which includes closing approximately 150...

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People

Unwrapping in 2025 - Leadership overhauls beckon fresh beginnings: The turnaround strategies of new CEOs

2024 seemed to take shape as a period of transition for many of the industry’s biggest players as they looked to swiftly, yet effectively, turn around lacklustre financials and return to growth, profitability or both. To lead such strategies, many took to overhauling their leadership teams, naming new CEOs in the process who have come in guns...

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Retail

Legacy retail brands stage comeback amid shifting consumer priorities

Traditional American retail brands are experiencing an unexpected renaissance in 2024, even as economic headwinds continue to reshape consumer behaviour. Market data from Placer.ai reveals a nuanced picture where heritage names are finding new relevance, particularly among millennial shoppers who once drove their initial success. Anthropologie...

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Business

Macy’s identifies weakness in ‘internal control’ amid investigation into employee misstatements

US department store giant Macy’s has said that it had “identified a material weakness in its internal control over financial reporting” upon investigating an incident in which an employee allegedly hid around 151 million dollars of cumulative delivery expenses. The discovery was revealed in the company’s latest financial statement, in which it...