After months of discussion, Macy’s announced its board of directors unanimously voted to terminate the company’s engagement with Arkhouse Management Co. and Brigade Capital Management about a possible acquisition. Arkhouse and Brigade failed to make an actionable...
Despite posting year-over-year declines, Macy’s beat Wall Street estimates for the third quarter as the company prepares to emphasize its gifting assortment for the holiday season. Net income was $43 million, or 15 cents per diluted share, versus $108 million, or 39...
As the year runs toward its retail epitome, Macy’s has announced plans to hire more than 38,000 full- and part-time holiday jobs, consistent with the number of positions it opened for the 2022 season. The jobs will include positions at the company’s Macy’s,...
Bluemercury headquarters is moving closer to parent Macy’s offices, as the beauty and spa services operation shifts management to New York City from the Washington D.C. metro area, where it was founded in 1999. Bluemercury will vacate its current office in Bethesda,...
Softening demand hurt Macy’s first quarter as conversion rate suffered, but key home categories experienced a rebound. Net income was $155 million, or 56 cents per diluted share, versus $286 million, or 98 cents per diluted share, in the year-prior quarter, the...
