In a bold move signaling a potential shift in strategy, Barington Capital Group is urging Macy’s Inc. to make significant changes aimed at boosting its stock price. The activist investor firm has suggested several measures, including cutting capital expenditures, forming a separate real estate group, and exploring strategic alternatives for its Bloomingdale’s and Bluemercury chains. […]
Macy’s Delays Results After Finding Employee Hid Millions in Delivery Expenses
In a startling development for investors and stakeholders, Macy’s has postponed its third-quarter earnings report after uncovering a significant accounting issue involving a former employee who concealed millions of dollars in delivery expenses. The retailer estimated that this employee, who is no longer with the company, misrepresented between $132 million to $154 million in delivery […]
Inside Department Stores’ Plans to Bring Beauty Customers Back
The once-dominant beauty counters of department stores are poised for a revival just in time for the 2024 holiday season. Retail giants like Macy’s and Nordstrom are currently overhauling their approaches, aiming to attract customers back into their stores and recapture the allure of physical beauty shopping. Historically, department store beauty sections were the hallmark […]
Samuel Ross’ Next Move: A Line ‘Engineered by Zara’
In the dynamic realm of fashion, Samuel Ross is making headlines once again. After stepping back from his acclaimed brand, A-Cold-Wall, the British designer and protégé of the late Virgil Abloh is launching a new high-end menswear line called SR_A, in collaboration with Spanish fast fashion giant Zara. This partnership, which promises to deliver bi-annual […]
Macy’s Targets Menswear Shoppers With New Private Label
In a strategic move to enhance its menswear offerings, Macy’s has launched a new private label, “Mode of One.” This initiative aims to fill the gaps identified through extensive market research pertained to contemporary male shoppers. Targeted primarily at men aged 25 to 40, Macy’s seeks to adapt to a demographic that is observably more […]