Daniel Kretinsky, the Czech billionaire who has a large stake in European retailers Casino and Metro, has taken a strategic stake of 5 % of the shares of American department store chain Macy's.
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American department store chain Macy’s will acquire New York-based concept store Story. Founder Rachel Schechtman will become Macy’s’ “brand experience officer”.
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Several American department store chains continue to underperform. Both Macy’s and Kohl’s experienced turnover slumps compared to the previous year, even though they both managed to beat analysts’ expectations.
A number of American traditional retailers will publish their first quarter results this week and no one is expecting good results.
Canadian Hudson’s Bay has apparently approached its American competitor Macy’s to discuss an acquisition. Macy's has nearly 900 stores in the United States and is one of the largest department store chains of the country.
American department store chain Macy’s has announced it will cut more than 10,000 jobs after a weak holiday season.
A while back, Pinterest enabled the option to sell products on the social network thanks to special cards, but according to American department store chain Macy's, very few users actually do it.
Department store chain Macy’s will shut down another 100 stores, about 15 % of its entire store network after it had already announced it would shut down about 40 stores earlier this year.