When it comes to consumer demographics, retailers are constantly looking for ways to segment their shoppers and expand into other target cohorts. A new study by Coresight Research gives insight into who are the 2024 shoppers in the apparel and accessories, , and beauty sector — which is characterized by age and household income. … Read more
Are strategies unveiled by mid-tier and high-end department stores in the U.S. this year enough to pull them out of the doldrums? Possibly in the long term, but no one is expecting the needle on sales and profits to move anytime soon. Stock prices are low, sales are tracking negative in most cases (even at … Read more
After testing since last fall, Macy’s has rolled out a partnership with Rokt to advance its Macy’s Media Network. “It’s fully scaled to Macys.com but we continue to iterate and make changes to improve the performance of the ad placement,” Michael Krans, vice president of Macy’s Media Network, told WWD. Krans said Macy’s started testing … Read more
A shiver ran through the global stock market on Monday as investors gauged rising interest rates in Japan, the strength of the U.S. economy and the path ahead for AI. The result was a sell-off that spread from Tokyo to Paris to New York, pushing apparel, luxury, retail and beauty stocks lower almost across the … Read more
Macy’s has promoted Sabina Israelian-Garcia to senior vice president, general merchandising manager of home, foods and toys. Israelian-Garcia, who most recently served as Macy’s vice president divisional business manager of big ticket merchandise — furniture, mattresses, rugs and home gaming — will focus on diversifying the product assortment and strengthening brand partnerships in the categories … Read more
Macy’s will pay tribute to The Divine Nine, historically Black-founded fraternities of the National Pan-Hellenic Council (NPHC), by creating a menswear collection that honors the legacy and impact of five of the nine organizations. The line of suit separates, neckwear, dress shirts, polos, sweaters and hats are inspired by the signature colors of the Alpha … Read more
Macy’s Fourth of July Fireworks moves this year to the Hudson River from the East River for the first time in 11 years, making it easier for thousands of New Jerseyans to check out the spectacle in the sky, but less easy for those in Queens. The shift also makes it easier for Manhattan’s West … Read more
While Macy’s Inc. and Arkhouse Management brokered peace in their proxy war — with the retailer agreeing to add a couple of the activist’s chosen experts to its board — it’s a battle that also sets up the next showdown. Arkhouse and its partner, Brigade Capital, are still trying to take Macy’s private and have now … Read more
Less money, mo problems? Sean “Diddy” Combs appears to be facing a cash crisis as hefty legal bills mount and income from lucrative partnerships dries up, analysis of Diddy’s finances by The Post shows. Diddy, 54, still lives the expensive lifestyle of a high-profile rap star despite the FBI raid — which he called a “witch … Read more
Arkhouse Management Co. and Brigade Capital Management have sweetened their offer to buy Macy’s Inc. to $24 a share — up from the $21 price offered last fall. The switch brings the total offer on the department store to $6.6 billion from $5.8 billion. But it remains to be seen if it’s enough to bring … Read more
![Italian DC fast charger maker Alpitronic enters the US market [video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2024/09/Seite-1-KeyVisual_alpitronic_2hypercharger-scaled-1.jpg?resize=1200%2C628&quality=82&strip=all&ssl=1 "Italian DC fast charger maker Alpitronic enters the US market [video]")
