Does it feel like 2012 was very long ago? That’s when JCPenney and Macy’s began their dispute over who has the right to sell Martha Stewart’s branded housewares in their stores. The two chains have finally decided to settle the case, though the terms weren’t disclosed. [More]
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Macy’s Sell Frango Chocolate Brand To Garrett Popcorn Owner
By 1.30.17 — Updated: 1.31.17
More than a decade after Macy’s inherited much-adored chocolate brand Frango from Marshall Field & Co., the struggling department store is selling the label to the owner of Garrett Popcorn. [More]
JCPenney Adding Nike Stores Inside 600 Locations
By 1.17.17
In their attempts to draw in customers and become more of a one-stop-shop, struggling department stores across the country have entered into partnerships to host store-within-a-store concepts: from Macy’s LensCrafters shops to Best Buy’s Verizon and AT&T “experience stores.” Now, JCPenney is jumping into the fray, launching Nike stores in 600 of its locations around the country. [More]
Here Are All Of The Kmart, Sears, And Macy’s Stores Closing This Spring
By and 1.5.17
It’s shaping up to be quite a depressing spring for a few retailers, after Sears Holdings announced it would be shutting down 150 Kmart and Sears stores in the next few months, and Macy’s notifying customers that 68 stores would close. Here is the list of all the stores that will be turning off the lights for good, where they are, and when they’re closing. [More]
Lawsuit: Sears, JCPenney, Kohl’s & Macy’s Misled Consumers On Sale Prices
By 12.8.16 — Updated: 12.9.16
In recent years, a spate of retailers have been accused by customers of advertising “false” original prices on discounted or outlet merchandise in order to make consumers believe they are getting a steal of a deal. Now, the city of Los Angeles is joining the fray, suing JCPenney, Kohl’s, Sears, and Macy’s, alleging that in order to increase sales the companies used so-called “false reference pricing.” [More]
Only Three Stores Opening On Thanksgiving At Mall of America
By 11.14.16
The Mall of America, tourist destination and temple of commerce, announced last month that it would not be officially opening on Thanksgiving Day, though it gave individual stores the option to open if they wanted. The only retailers to take the mall up on that offer were Sears, Macy’s, and The Crayola Experience, and Crayola is the only store staying open that lacks its own entrance. [More]
Macy’s Profits Drop, But At Least It Still Has Real Estate To Sell
By 11.10.16
As a venerable department store chain with stores in large and small cities, Macy’s has an important advantage when its sales slump: it has a lot of stores, land, and ground leases that it owns and can sell when it needs to raise some cash. The company’s rainy day has come, and it’s time to cash in that property. [More]
Report: Macy’s To Open An Hour Earlier On Thanksgiving Day
By 10.17.16
While the trend of not opening on Thanksgiving Day and making sure everyone knows it spreads across the retailscape, some stores are sticking with the previous trend of opening on the holiday. One example: Macy’s, which apparently has been so successful with the practice that it’s reportedly moving its Thanksgiving Day opening time back an hour, to 5 PM. [More]
Macy’s To Open LensCrafters Shops Inside 280 Stores By The End Of 2017
By 10.12.16
Macy’s is no stranger to the store-within-a-store concept, having already teamed up with Best Buy and Sunglass Hut to set up dedicated areas for the retailers to sell their products inside the department store. Now, the company is taking that same concept further in a deal with LensCrafters to sell eyeglasses, contacts, and other vision products. [More]
Online And Offline Retailers Get Started On Their Seasonal Hiring
By 10.3.16
Yes, it’s only the beginning of October, but it’s time for retailers to start preparing for the season of unbridled commerce. This year, retailers are finding that the labor market is more tight, and they need to plan ahead and maybe even offer extras to entice the best seasonal workers. [More]
Department Stores Remember That You Can’t Get Spa Treatments Or Lunch On Amazon
By 8.15.16
You can now order just about anything online, but there are some things that can’t be delivered in a box on your doorstep. If department stores and their business model are going to survive, experts say, they need to change their offerings and sell more products that can’t be purchased online. [More]
Macy’s Closing 100 Stores In “Re-Creating” Its Portfolio, Attempt To Find Profits
By 8.11.16
Seven months after Macy’s announced it would close 40 stores this past spring, the department store has outlined a plan to “re-create” its portfolio by shuttering 100 additional stores. [More]
Macy’s New App Answers Questions You Used To Ask Store Employees
By 7.20.16
Have you ever walked into a department store, immediately became lost, and, for some unknown reason, you can’t find a sells associate to direct you to the shoe department? These is the kind of information that, traditionally, could be obtained by speaking to a store employee. But why should you speak to an actual human when you can just spend more time staring at your smartphone? [More]
Former Macy’s Employee Pleads Guilty To $3.5M Mail Fraud, Kickback Scheme
By 7.12.16
A Florida man could spend up to 30 years in prison after pleading guilty to taking part in a million-dollar, years-long shipping and kickback scheme involving his former employer Macy’s. [More]
New Macy’s CEO Tasked With Saving Company, Entire Idea Of Department Stores
By 6.24.16
Can department stores become relevant again? Figuring that out will be the job of the next CEO of Macy’s, Jeff Gennette. He currently serves as the company’s president, and will take over as CEO in early 2017. His job will be to get the company through a tough period as middle-class shoppers seem to be questioning the whole department store business model and hitting off-price and discount stores instead. [More]
No Strike For Macy’s In NY After Company Reaches Deal With Workers’ Union
By 6.16.16
Macy’s hasn’t had to face a workers’ strike since 1972, and it looks like that streak won’t be broken, now that the company and the union representing thousands of workers in the New York City area have reached a tentative deal. [More]
Macy’s Worker Tricked Alarm Company Into Helping Him Steal $69K Worth Of Perfume
By 6.8.16
A man hired to keep thieves from stealing from a New York Macy’s was allegedly doing the pilfering himself, making off with more than $69,000 worth of perfume. [More]
