Tag Archives: Macy’s

Starbucks Exec Joins Macy’s Board

Annie Young-Scrivner

CINCINNATI-Annie Young-Scrivner, executive vice president of Starbucks Coffee Co. and president of its Teavana business, has been elected to the Macy’s board of directors. Young-Scrivner’s election brings the size of Macy’s board to 11 members. She has served in several key Starbucks roles since 2009, including president of Starbucks Canada, president of Tazo Tea andMore »

Last updated: June 23, 2014

Macy’s Rolls Out Kathy Ireland Rugs from Nourison

The exclusive Ephesus line is now being rolled out at Macy's.

SADDLE BROOK, N.J.–Macy’s is rolling out two collections of kathy ireland Home by Nourison, including an exclusive collection, Ephesus. The brand will be represented in 170 Macy’s locations, as well as on Macys.com. Ephesus is a densely power-loomed collection that features classic Persian rugs in timeless color palettes. In addition, key stores will carry theMore »

Last updated: June 18, 2014

Judge: JCP Interfered with Macy’s-MSLO Agreement

JCPenney

NEW YORK-The New York State Supreme Court Justice hearing the lawsuit by Macy’s against J.C. Penney and Martha Stewart Living Omnimedia (MSLO) has ruled that J.C. Penney “tortiously interfered” with the agreement between Macy’s and MSLO. In the 63-page ruling, Justice Oing said Macy’s had proven that it had a valid contract with MSLO forMore »

Last updated: June 17, 2014

Macy’s Q1 Net Up, Sales Down

Macy’s Inc.

CINCINNATI-In spite of a drop in sales, Macy’s managed to raise its first-quarter net income by 3.2 percent, to $224 million. An improvement in gross margin and reductions in expenses keyed the bottom-line pickup in the quarter, which ended on May 3. Gross margin increased by 10 basis points to 38.9 percent. Selling, general andMore »

Last updated: May 14, 2014

Macy’s Debuts “American Icons” Campaign

Macy's American Icons

NEW YORK-Beginning on May 14, Macy’s will reprise its American Icons campaign nationwide, which pays homage to the country through specially curated merchandise, launch parties, local country fairs, minor-league baseball events, grilling competitions, a patriotic sweepstakes and a fundraising program to benefit Got Your 6 and veterans causes. The merchandise includes home products and apparelMore »

Last updated: May 12, 2014

Macy’s Tabs Gennette as President

Jeff Gennette

CINCINNATI-Jeff Gennette, who has been Macy’s chief merchandising officer for the past five years, has been promoted to president of the department store retailer, effective immediately. Gennette reports to Terry Lundgren, who remains chairman and CEO, and who previously held the title of president. In his new role, he retains his day-to-day responsibility over Macy’sMore »

Last updated: April 1, 2014

Macy’s Expands GoodWeave Collection

Goodweave Bashian Rug

NEW YORK–Macy’s has expanded its program with GoodWeave, and now offers consumers eight collections, with a total of 30 styles, in its Macy’s Fine Rug Galleries stores nationwide and online at macys.com. GoodWeave is the international nonprofit organization that works to end child labor in the carpet industry; these rugs have been certified to beMore »

Last updated: April 1, 2014

Mitigating Risks in Reductions-In-Force

Brian Rauch

By Brian S. Rauch Reductions-in-force have, unfortunately, become a growing trend in the retail sector. As detailed in last month’s issue of HFN, both Macy’s and J.C. Penney recently announced the elimination of 2,000 or more jobs. Even though they are typically done to improve profitability, reductions-in-force can be costly in terms of declines inMore »

Last updated: March 17, 2014