Online Clothing Reseller ThredUp Gets $175 Million Infusion
The company plans to expand its platform to offer resale services to retailers, and recently announced partnerships with Macy’s and J.C. Penney.
Macy’s Shares Fall 13% on Big Earnings Miss
Same-store sales improved in the second quarter but profit was hit by heavy markdowns to clear unsold merchandise.
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.