Macy’s to Cut Top Jobs as Part of Savings Plan
The layoffs of about 100 senior-level staff will allow the retailer to move faster, reduce costs, and be more responsive to changing customer expectations.
Holiday Season Weakness Hits Macy’s, Kohl’s
"The rising tide of the economy is not floating all retail boats,” an analyst says of the department store chains' disappointing sales growth.
Retailers’ Financial Cycle Times: The Hare Beats the Tortoise
A new ranking of corporate speed and agility shows why some brick-and-mortar retailers, especially Macy's, are ailing.
Macy’s Tops Expectations But Stock Drops
CEO Jeff Gennette says the retailer's strategic initiatives are starting to gain traction.
CFOs on the Move: Week Ending May 25
United Airlines, Web.com, W.R. Grace, Tenneco, Vitamin Shoppe, American Homes 4 Rent, Texas Roadhouse, Molina Healthcare, Rogers, Macy's
Macy’s Names Paula Price New CFO
A lecturer at Harvard since 2014, Price was previously finance chief of grocery retailer Ahold USA. She also serves on three corporate boards.
CFOs on the Move: Week Ending April 6
Macy's, Adobe Systems, Vista Outdoor, Advanced Energy Industries, CHG Healthcare, SEACOR Marine, JAKKS Pacific, Adams Resources & Energy, iStar
Macy’s Ends Same-Store Sales Losing Streak
Comparable sales rose 1.3% in Q4 as the retailer's renewed emphasis on apparel helped bring in more shoppers and persuaded them to spend more.
Macy’s Comp Sales Drop 3.6%, Earnings Beat
The same-store sales drop was worse than analysts expected but tight inventory control drove an improvement in profitability.
Macy’s Same-Store Sales Decline Slows in Q2
The struggling retailer's stock fell 10%, apparently reflecting investor doubts over the progress of its turnaround efforts.