Macys – Page 4 – Beautifaire

2 Mar

After a Tough Q4 and 12 months Ahead Macy’s Inc. has a long-term view to reverse declines of 2022 and 2023 into gains in 2024. “Our five vectors for growth will reach a rate of maturation that may start to offer us growth, help us take market share and surmount macroeconomic aspects,” chairman and chief executive officer Jeff Gennette told WWD, referring to Macy’s private brands “reimagination,” off-mall and online marketplace expansion, a luxury acceleration and personalization initiatives in offerings and communications with customers. Interviewed Thursday, just after Macy’s Inc. reported top- and bottom-line declines for the fourth-quarter and projected declines for 2023, Gennette told WWD: “The luxurious consumer is healthy. Luxury is a growing pie and we are able to get a...

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6 Jan

Macy’s Cautious and Conservative for 2023

by Beauty Tips

Fashion, Featured

Macy’s Cautious and Conservative for 2023

Macy’s Inc., despite the promotional-charged and competitive retail landscape, forecasts that its fourth-quarter sales and profits will fall inside its guidance issued last November. Nonetheless, after experiencing deeper-than-expected business lulls during nonpeak periods in December, sales could possibly be on the low end or middle of the guidance, the retailer disclosed Friday. Within the report, chairman and chief executive officer Jeff Gennette praised his team for operating with “precision and agility” because it managed through the difficult quarter, but in addition sounded a note of caution in regards to the yr ahead. “Based on current macroeconomic indicators and our proprietary bank card data, we consider the patron will proceed to be pressured in 2023, particularly in the primary half, and have planned inventory...

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1 Jan

Exclusive: Macy’s and Pure Beauty Salons to ‘Discontinue Their

by Beautifaire101

Beauty, Featured

Pure Beauty Salons, a sequence that operates a few of its locations in Macy’s stores nationwide, is the most recent casualty of retail store closures in 2022. In a press release to WWD on Friday, a representative for Macy’s Inc. confirmed Pure Beauty Salon will now not operate in its stores in 2023. “After careful consideration, Macy’s and Pure Beauty have decided to discontinue their partnership in roughly 20 locations. Pure Beauty Salon’s last day of operation is December thirty first, 2022. These decisions are at all times difficult but Pure Beauty at Macy’s is grateful to have served our communities and our customers.” On Dec. 22, a Pure Beauty Salons location at Macy’s Ala Moana Center in Honolulu, Hawaii,...

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18 Nov

Macy’s Inc. Shows Q3 Declines but Prepared to Meet

by Beautifaire101

Beauty, Featured

What a difference a yr makes. And that’s actually true for Macy’s Inc. and the vacation season. “A yr ago everybody was talking concerning the supply chain, spooking customers into early shopping. Should you didn’t buy it immediately, there could be nothing left for Christmas. This yr, with all of the press about inventory gluts, there aren't any concerns about running out of inventory before the vacation,” Jeff Gennette, Macy’s Inc. chairman and chief executive officer, told WWD in an interview Tuesday. He spoke right after the retailer reported that its net income dove by almost 55 percent to $108 million, or $0.39 a diluted share, from $239 million, or $0.76 a diluted share, within the year-ago quarter. This compares to diluted...

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