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Search results for bluemercury

Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
1 month, 2 weeks ago

Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings

Associated Press  

Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 million of expenses over several years. An independent investigation and forensic analysis found that a single employee with responsibility for small package delivery expense accounting intentionally made erroneous accounting accrual entries …

Sales Quarter Macy
Macy’s tops expectations for the first quarter as luxury and beauty sales shine
7 months, 3 weeks ago

Macy’s tops expectations for the first quarter as luxury and beauty sales shine

Associated Press  

NEW YORK — Macy’s sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending. And Macy’s, which also operates upscale Bloomingdale’s and beauty chain Bluemercury, said it is seeing a positive impact from its turnaround efforts that include closing underperforming stores and upgrading others. Macy’s said it will open …

Sales Quarter Higher Stores Macy Bluemercury
Macy's to close 150 stores but expand luxury Bloomingdale's, Bluemercury outlets
10 months, 2 weeks ago

Macy's to close 150 stores but expand luxury Bloomingdale's, Bluemercury outlets

Hindustan Times  

Macy's will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales. The Macy's stores set to close account for less than 10% of its sales, the company said. “We are making the necessary moves to reinvigorate relationships with our customers through …

Spring Sales Share Stores Macy
Macy's to close 150 stores in major turnaround effort - but will open more high-end Bloomingdale's and Bluemercury locations
10 months, 2 weeks ago

Macy's to close 150 stores in major turnaround effort - but will open more high-end Bloomingdale's and Bluemercury locations

Daily Mail  

Macy's will close 150 underperforming stores over the next three years, the department store said Tuesday - more than a third of locations. Macy's will close 150 stores over the next three years, the department store said Tuesday Sales at the company fell to $8.12 billion in the fourth quarter, down nearly 2 percent from a year ago. Retail analyst …

Luxury Market Sales Company Department Open Locations
Macy's to close 150 stores and will open new Bloomingdale's locations
10 months, 2 weeks ago

Macy's to close 150 stores and will open new Bloomingdale's locations

Associated Press  

NEW YORK — Macy’s will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales. The Macy’s stores set to close account for 25% of overall square footage but less than 10% of its sales, the company said. AP AUDIO: Macy’s to …

Spring Sales Share Billion Store Close Stores
Macy’s puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue
1 year, 1 month ago

Macy’s puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue

Associated Press  

Macy’s third-quarter sales declined as customers grow more cautious with their spending, but sales and profit both topped Wall Street expectations. So even though you see the break on the prices across all of our non-discretionary categories, it’s still much higher than it has been historically and certainly in the last year.” Retail sales slipped in October, according to U.S. …

Sales Share Billion Quarter Stores Macy
Macy’s slashes expectations for the year after a pullback by shoppers in the spring
1 year, 7 months ago

Macy’s slashes expectations for the year after a pullback by shoppers in the spring

Associated Press  

NEW YORK — Macy’s slashed its outlook for the entire year as sales weakened in the first quarter during an increasingly challenging economic environment, including stubbornly high inflation. Macy’s results wrap up the retail industry’s fiscal first-quarter earnings season that showed how still high inflation, particularly in food, is forcing shoppers to further cut back on discretionary items like clothing …

Income Sales Billion Quarter Shoppers Macy Noted