Macys – Page 3 – Beautifaire

1 May

This month Macy’s will welcome 25 business owners to the 2023 class of The Workshop at Macy’s, the retail industry’s longest-running retail accelerator program dedicated to driving growth and providing opportunity to diverse and women-owned retail businesses. The 2023 class may have a chance to access Macy’s supplier ecosystem, education and funding resources, latest customers through a pop-up shop on macys.com and $250,000 in business grants. Throughout the month Workshop participants can be given firsthand experience selling their products at scale with a special digital pop-up shop on macy.com. As well as, following The Workshop graduation, participants can be introduced to Macy’s buyers and digital marketplace teams for the chance to onboard as vendors across Macy’s retail ecosystem. All participants may even...

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30 Mar

Opportunity Knocks: Where Macy’s Is Placing Its Bets

by Beautifaire101

Beauty, Featured

Just how can Macy’s Inc. forge a path to greater profitability and relevance? With Macy’s Inc. chairman and chief executive officer Jeff Gennette disclosing he’s retiring next 12 months, there’s been a burst of curiosity and concern in regards to the retailer’s future. But on Thursday, Gennette, together with Adrian Mitchell, chief financial officer and chief operating officer, laid out the roadmap on the longer term for Macy’s and pinpointing strategies for growth. Speaking on the Morgan Stanley Retail Roundup, they cited: A revamp of the whole private brand portfolio. Intensifying luxury, specifically at Bloomingdale’s, on the wonder floors at Macy’s, and at Bluemercury. Personalization to drive greater loyalty and conversions and attract a bigger younger clientele. Rolling out the Market by Macy’s and Bloomie’s...

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30 Mar

Pondering the Way forward for Macy’s Amid Leadership Changes

by Beauty Tips

Fashion, Featured

Can Macy’s be truly modernized for a greater future? As industry pundits and experienced retailers see it, Tony Spring, the brand new Macy’s Inc. president who is about to succeed Jeff Gennette in February 2024 as chief executive officer, has a formidable task ahead — getting it together on the Macy’s brand. RELATED: Macy’s Discloses Tony Spring and Adrian Mitchell Compensation Packages Under Gennette, Macy’s has already undergone major change. It’s develop into more agile post-pandemic; data-driven; less glutted by inventory; prepared to chase fashion trends, and has streamlined management and shed about 80 weak stores, restoring its relevancy. All good. However the standards at many stores have to be raised. The Market by Macy’s specialty stores and online marketplace formats, in addition to...

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27 Mar

Macy’s Inc. Issues Progress Report on Corporate Citizenship

by Beautifaire101

Beauty, Featured

From using recycled cardboard for fulfilling orders to showcasing diverse brands, Macy’s Inc. is reporting progress on its multiyear social purpose platform called “Mission Every One.” The platform, launched in 2022 as reported by WWD, calls for Macy’s to speculate $5 billion through 2025 on vendor and repair partners, products, people and programs that foster equality, inclusiveness and sustainability. On Monday, Macy’s cited several accomplishments last yr, amongst them: Roughly $1.4 billion of the $5 billion was spent to support diverse-owned businesses. Through leadership skills programs and a concentrate on hiring, retention and promotions, 29 percent of those filling jobs on the director level and above are ethnically diverse, putting Macy’s well heading in the right direction to realize its 30 percent goal...

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