March 31 at 7:32 p.m.
Filed under:
Commercial real estate,
Retail
By Sandra M. Jones
Macy's store at Water Tower Place (Alex Garcia/Tribune file)
Macy’s is undertaking a multimillion-dollar renovation of its Water Tower Place store in a move to bring new life to the Magnificent Mile outpost.
The department store chain is concentrating its efforts on the first three floors, where it generates most of its business. Cosmetics, women’s accessories, shoes and intimate apparel account for 36 percent of total revenue at Macy’s Inc. nationwide, according to the company’s annual report filed this week.
The last time the eight-level, 227,000-square-foot store had a makeover was in 1996 when it was a Marshall Field’s. Get the full story »
Feb. 22 at 8:48 a.m.
Filed under:
Retail
By Reuters
Macy’s Inc. posted a higher-than-expected profit after sales surged during the holiday quarter, and the department store chain forecast continued gains this year.
For its new fiscal year, Macy’s expects sales at stores open at least a year to rise 3 percent. It forecast earnings of between $2.25 and $2.30 a share, which would be an increase from the just-ended year. Get the full story »
Jan. 4 at 8:06 a.m.
Filed under:
Internet,
Retail
By Dow Jones Newswires
Macy’s Inc. expects to add about 725 new positions during the next two years as it looks to expand its Web site offerings.
Shoppers have been increasingly moving their business online, and Macy’s, for its part, has seen its online sales grow in the double digits on a percentage basis over the past few years. For the first 10 months of fiscal 2010, online sales were up 29 percent. Get the full story »
Nov. 26, 2010 at 12:53 p.m.
Filed under:
Consumer news,
Retail
By Tribune staff report
The holiday shopper are off and running — more or less. Follow what’s happening at the malls and major retailers.
Nov. 10, 2010 at 7:36 a.m.
Filed under:
Earnings,
Retail
By Associated Press
Macy’s Inc. said Wednesday it turned a profit in the third quarter after a loss a year ago, boosted by tailoring merchandise to local markets and higher spending from wealthier customers at its Bloomingdale’s chain. Get the full story »
By Sandra M. Jones
Merz Apothecary will close its store inside Macy’s on State Street at the end of the day Wednesday, and begin the week-long process of moving to the Palmer House a few blocks away.
The family-owned business, known for its homeopathic remedies and colorful bath products, plans to open at the historic hotel at 17 E. Monroe St. on Nov. 4. A grand opening is slated for Nov. 11.
The new location at the historic hotel — on the first floor near the bellhop and the Starbucks — will expose the Chicago retailer to thousands of tourists a day, said Anthony Qaiyum, owner of Merz. Get the full story »
Oct. 21, 2010 at 5:41 p.m.
Filed under:
Fashion,
Retail
New York Times | London’s Kinder Aggugini will be the first designer to participate in a new program at Macy’s, which will rotate designer collections at 250 stores, including in Chicago, every two months to lure young shoppers. The collaborations begin in February.
Front Row
Macy’s Gets Fast Fashion
Published: October 20, 2010
ANY retailer on earth would just about die to create the kind of consumer craze that takes place when H & M introduces a discount designer collaboration (like the heavily touted one from Lanvin coming on Nov. 20). The high-low concept has worked well for Target, Gap and Uniqlo, but the latest store to delve into fast fashion is a bit unexpected in that it is the classically mainstream Macy’s.
Nick Harvey/WireImage
Kinder Aggugini, pictured with his mood board, is collaborating on a line for Macy’s.
Kinder Aggugini’s inspiration board.
Macy’s is expected to announce today that it will sell a series of limited-edition designer collections, beginning in February. Each will be on sale for about two months, until the next collaboration is announced. The first is by
Oct. 7, 2010 at 8:55 a.m.
Filed under:
Fashion,
Retail
By Reuters
Teen apparel retailers led generally stronger-than-expected same-store sales in September, with a late start to the back-to-school season helping those chains beat Wall Street forecasts.
Department stores and luxury chains also posted forecast-beating results, though retail experts warn the gains could be short-lived as consumers draw up budgets for the holiday shopping season. Get the full story »
Sep. 23, 2010 at 7:53 a.m.
Filed under:
Jobs/employment,
Retail
By Reuters
Macy’s Inc. said it plans to hire about 65,000 seasonal staff for the holiday season — a slight increase from previous years. The rise in hiring reflects Macy’s expectation that same-store sales will grow 3-3.5 percent in the second half of fiscal 2010, the company said in a statement. Get the full story »
Aug. 11, 2010 at 7:39 a.m.
Filed under:
Earnings,
Retail
By Reuters
Macy’s Inc. reported better-than-expected earnings as its exclusive lines helped it win market share and its upscale Bloomingdale’s chain benefited from a pickup in luxury spending. The retailer raised its full year sales and profit forecast, sending shares were up 1.5 percent in premarket trading. Get the full story »
June 22, 2010 at 1:07 p.m.
Filed under:
Retail,
Telecommunications
By Dow Jones Newswires
J.C. Penney Co. (JCP) plans to grow its online sales by at least $1 billion in the next few years as the retailer restructures itself into a digital marketplace.
While the company isn’t giving up its roots as an operator of brick-and-mortar stores, J.C. Penney’s undertaking involves traditional online efforts, tie-ins with mobile devices, social-networking websites and structuring the more traditional stores as virtual shops. Get the full story »
