Tag Archives: Bloomingdale’s

Bottom Line Up 22.6 Percent for Macy’s Q3

Macy’s

CINCINNATI-Slimmed-down expenses helped propel Macy’s to a 22.6 percent gain in third-quarter net income, which totaled $217 million. Selling, general and administrative expenses were cut by 4.4 percent in dollars and 110 basis points as a percentage of sales, to 32.4 percent, in the quarter, which ended on Nov. 1. Terry Lundgren, Macy’s chairman andMore »

Last updated: November 12, 2014

Macy’s First Store Outside U.S. to Open in Abu Dhabi

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CINCINNATI-Macy’s will open its first location outside of the United States in Abu Dhabi in 2018, as part of a strategic partnership with Al Tayer Group, a company based in the United Arab Emirates with diversified businesses. Also as part of this partnership, Bloomingdales’s will open its second international store location in Abu Dhabi inMore »

Last updated: October 28, 2014

Macy’s Outlines New Developments in Omnichannel Effort

Macy’s Inc.

CINCINNATI-Macy’s has augmented its omnichannel strategy and technology with several new developments. As of Sept. 9, Macy’s and Bloomingdale’s stores are supporting the Apple Pay mobile payment system, which will be launched this fall on Apple’s new iPhone 6 and iPhone 6 Plus mobile devices, and on the new Apple Watch. In addition, both storesMore »

Last updated: September 16, 2014

Macy’s Net Rises 3.9 Percent in Q2

Macy’s

CINCINNATI-With sales trending up thanks to a rebound in traffic after a difficult winter, Macy’s second-quarter net income increased 3.9 percent to $292 million. Net sales in the quarter, which ended on Aug. 2, were up 3.3 percent to $6.3 billion, including a pickup of 4 percent in same-store sales. Terry Lundgren, Macy’s chairman andMore »

Last updated: August 13, 2014

Bloomingdale’s Spring Named Father of the Year

Tony Spring

NEW YORK-The National Father’s Day Council has awarded Tony Spring, Bloomingdale’s chairman and CEO, with a Father of the Year honor for 2014. Spring will receive his award at the 73rd annual Father of the Year awards luncheon here on June 4, with proceeds benefiting Save the Children’s U.S. programs. He will be honored alongMore »

Last updated: May 5, 2014

Macy’s Net Blooms for Q4, Fiscal Year

Macy’s Inc.

CINCINNATI-Macy’s posted increases of 11.1 percent and 11.3 percent in fourth-quarter and fiscal-year net income, respectively, resulting in its fifth straight year of double-digit growth in earnings per share. The bottom-line totals were $811 million for the quarter and $1.5 billion for the fiscal year, which ended on Feb. 1. Net sales in the quarterMore »

Last updated: February 25, 2014

Adesso Co-Founder Passes

Peggy Traub

NEW YORK–Peggy Traub, a co-founder of Adesso Home and its president and CEO, passed away Jan. 13 after a long battle with cancer. She was 55. Traub founded the company with Lee Schaak in 1994, and since then Adesso has become a successful company in lighting and ready-to-assemble furniture. Traub was also a big believerMore »

Last updated: January 14, 2014