Macy’s news and archive

Macy’s taps Casper Sleep CEO as new board member

US department store chain Macy’s has appointed Emilie Arel to its board of directors. Arel has served as chief executive officer and president of e-commerce company Casper Sleep since 2021, before which she held various leadership roles at companies including Target, Gap, and Quidsi. Commenting on her appointment in a statement, Arel said: “I am...

Business

Macy’s makes number of sustainable commitments through new partnerships

Off-price retailer Macy’s Inc. has announced it is joining a number of initiatives and partnerships with the aim of advancing its sustainability and community-centred priorities. The retailer has revealed that it has joined the Better Cotton organisation in support of its goal to use 100 percent “preferred materials” in its exclusive brands by...

Business

Marie Chandoha and Jill Granoff to join Macy’s board of directors

Macy’s, Inc. has announced the appointment of Marie Chandoha, former president and chief executive officer of Charles Schwab Investment Management, and Jill Granoff, managing partner of Eurazeo and chief executive officer of Eurazeo’s Brands division, to its board of directors, effective April 1, 2022. “Marie’s deep financial services and...

People

Macy’s appoints Emily Erusha-Hilleque to oversee private brands

American retailer Macy’s Inc has appointed Emily Erusha-Hilleque as its senior vice president for private brands. Erusha-Hilleque joins Macy’s from Target Corporation, where she most recently served as the design director of ready-to-wear, young contemporary private label, and design partnerships, responsible for building, launching and growing...

Retail

Pandora plans US expansion with Macy’s

Pandora is to expand in the US in partnership with Macy’s as part of its long-term growth goals to increase market share and revenue in the country. The jewellery brand launched in five Macy’s stores in the US in November 2021 and now plans to expand to approximately 28 additional locations in 2022 in “key market locations” across the US. The...

BusinessFeatured

2020: Online fashion sales zoom while physical retailers suffer

Fashion has been the most hard hit category by Covid-19 pandemic. Compulsory store closures, work from home schedules followed by low footfall at opened stores, negatively impacted sales at almost every brick and mortar fashion retailer. According to Reuters, the Office for National Statistics report showed that clothing sales declined 19...

Retail

Virtual fitting room market forecast to double by 2025

The global virtual fitting room market is forecasted to grow from 3 million dollars in 2019 to 6.5 million dollars by 2025, according to new research by Valuates Reports. The rise in online shopping is driving the growth of the virtual fitting room market size, with the new technology looking to decrease the exchange and return rate, and enhance...

BusinessFeatured

Macy’s to close 125 stores, cut 2000 positions to drive growth

Announcing an updated strategy and three-year plan designed to stabilize profitability and position the company for growth, Macy’s Inc. said, the company plans to close approximately 125 of its least productive stores over the next three years, including approximately 30 stores that are in the process of closure now. Macy’s is also streamlining...

RetailFeatured

JCPenney and Macy’s enter resale market with ThredUp partnerships

Major US department store chains JCPenney and Macy’s have both announced they will debut selling used apparel through partnerships with San Francisco-based fashion resale company ThredUp. JCPenney said on Friday that 30 of its stores will start offering a seasonal array of resale handbags and women’s fashion from the secondhand apparel company,...