Macy’s Inc. said Thursday that it will close approximately 100 Macy’s full-line stores and will invest in improvements in ongoing stores and digital vehicles. Stores will remain critical customer touchpoints for Macy’s, along with online shopping and mobile apps, as omnichannel retailing continues to evolve, Macy’s Inc. said in a press release.
Well, let’s just say it’s probably not possible that Jeff Gennette will sink Macy’s, Inc. like Ron Johnson did when he took over JCPenney. Gennette has been the president of the embattled department store for the past two years, and has served the company in some sort of executive capacity since 2006. Here’s what Gennette needs to think about if he’s going to get Macy’s, Inc’s not just to regain its leadership position, but keep its stores from the retail graveyard.
Amazon is being called on to dump merchandise from Republican presidential candidate Donald Trump off its marketplace.
If Macy’s, Inc. was hoping for a modern-day Miracle on 34th St. the holiday season, it didn’t get one. The department store retailer had a bad holiday season, and will slash thousands of corporate and store-level jobs… and close a contact center.
The omnichannel consumer is putting direct-to-consumer delivery on a collision course with the brick and mortar environment. And the retailers with real-time inventory visibility and order management systems in place will be prepared to serve these consumers this holiday season… Or will they?
A listing of recently announced B2B and B2C distribution center and fulfillment center expansions, additions and closures.
Macy’s is expanding same-day delivery service to nine additional markets, giving them 17 in all, surpassing Amazon which provides the service in 14 markets.
After a successful fall pilot in 8 markets, Macy’s is expanding same-day delivery service to 9 additional metro areas, giving it greater reach than Amazon.
Fewer sales from international tourists, growing pains in omnichannel, bad weather, the West coast port strike and lower merchandise sales hit Macy’s Q1.
Macy’s will launch the first four off-price stores known as Macy’s Backstage in the fall of 2015 in metro New York City. See what this means for the company.