0
0.0
Feb 27, 2024
02/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
they are the ones shopping at bloomingdale's or at some of the luxury brands.think those will continue to do well. it looks like the economy is in good shape. we have a lot more people employed than we had before. overall, consumer budgets and aggregate are pretty healthy. that is why consumer spending has been so strong and why inflation has continued to be more persistent than what the fed would like to see. katie: i almost shudder to say this but when it comes to the retail industry you are taking a barbell approach here. joanne: i think that is what one needs to do in this kind of market. we are not so enthusiastic about employment at the higher end. we think there are ways to play the higher end consumer. we like amazon because we do still see that shift over to e-commerce continuing. that was the big story for a number of years and people sort of are forgetting this which is continuing. the mix is shifting towards e-commerce and away from brick-and-mortar, which is another challenge macy's is facing. we think amazon is a good way to play consumers more br
they are the ones shopping at bloomingdale's or at some of the luxury brands.think those will continue to do well. it looks like the economy is in good shape. we have a lot more people employed than we had before. overall, consumer budgets and aggregate are pretty healthy. that is why consumer spending has been so strong and why inflation has continued to be more persistent than what the fed would like to see. katie: i almost shudder to say this but when it comes to the retail industry you are...
0
0.0
Feb 27, 2024
02/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
now it is working to streamline operations and expand bloom you creek and bloomingdale's offerings.cuss this with romain bostic, who spoke with the ceo earlier today. he spoke specifically to romaine about the quality of stores he is looking to close. romaine: this was a big thing. he talked about the idea that 25% of the footprint of all of macy's stores combined accounts for 10% of sales, and they are clearly going to target some of those locations. it is interesting. you mentioned our cows, brigade, and there were a lot of rumors about other activists and investors kicking the tires on this. a new ceo just took over and he declined to even talk about that, basically said it is not on his preview right now, but he made clear some of these changes they are making, reducing the number of stores, refocusing on the luxury brands, that was going to be a big key to unlocking value for this company. sonali: it is interesting to see how the fight plays out at the end. it is not like the activists don't like him, but these are early days. what did he say about the consumer? you and i talke
now it is working to streamline operations and expand bloom you creek and bloomingdale's offerings.cuss this with romain bostic, who spoke with the ceo earlier today. he spoke specifically to romaine about the quality of stores he is looking to close. romaine: this was a big thing. he talked about the idea that 25% of the footprint of all of macy's stores combined accounts for 10% of sales, and they are clearly going to target some of those locations. it is interesting. you mentioned our cows,...
1
1.0
tv
eye 1
favorite 0
quote 0
bloomingdale's ex-girlfriend said the press reported that she participated in sadistic orgies with bloomingdale with various members of the government, high-ranking people in the state, suddenly one of the lawyers. vicki morgan said that he had a videotape that showed bloomingdale himself and regan and then the story ended with vicki morgan being found broken and dead with a broken, painless, beaten head, beaten to death, by her friend, who pleaded guilty, a then he retracted his testimony. this is history. never had any logical end, but influenced the creation of this novel. this is a very new york novel, very scary, it is written in the zriller genre, that is, i don’t know how it is in russian, zriller. pretends to be a superman , you see, even after a big drink, as they say here, from a big hangover, every morning, waking up, he still takes dumbbells, and for several tens of minutes, and sometimes several hours, he pumps his very favorite, dear . his body, and his entire external image is dedicated to his beloved, dedicated to his own. a japanese restaurant, good in the fall , in chilly weat
bloomingdale's ex-girlfriend said the press reported that she participated in sadistic orgies with bloomingdale with various members of the government, high-ranking people in the state, suddenly one of the lawyers. vicki morgan said that he had a videotape that showed bloomingdale himself and regan and then the story ended with vicki morgan being found broken and dead with a broken, painless, beaten head, beaten to death, by her friend, who pleaded guilty, a then he retracted his testimony....
0
0.0
Feb 28, 2024
02/24
by
KGO
tv
eye 0
favorite 0
quote 0
the 166 year old retailer is making the move to focus instead on expanding its luxury brands, bloomingdale's and bloomberg cosmetic stores. >> the companies that appeal to higher end consumers have been doing well. it's those in the middle that, like macy's that are struggling the most. >> the company plans to open 15 new bloomingdale's and 30 new bluemercury locations, and the macy's locations that will remain open. many of them will get an upgrade, including more visual displays and larger sales staff. >> they feel that the mall has a place in the way consumers want to shop, but it just needs to be reimagined. re-enlivened and, you know, upgraded a bit. >> the company is also investing in dozens of small format locations, about one fifth the size of a traditional macy's for a more intimate shopping experience. of the 150 macy's that are closing, 50 of those will close this year. >> time now for your wednesday weather. >> good morning. we are looking at the threat for severe weather as we go through today and tonight. this area will have damaging wind potential with some thunderstorms. we s
the 166 year old retailer is making the move to focus instead on expanding its luxury brands, bloomingdale's and bloomberg cosmetic stores. >> the companies that appeal to higher end consumers have been doing well. it's those in the middle that, like macy's that are struggling the most. >> the company plans to open 15 new bloomingdale's and 30 new bluemercury locations, and the macy's locations that will remain open. many of them will get an upgrade, including more visual displays...
0
0.0
Feb 27, 2024
02/24
by
KNTV
tv
eye 0
favorite 0
quote 0
it also owns bloomingdale's in san francisco and it put out a statement saying, hey, you know, when itounced the 150 stores closing saying, you know, we are looking more towards upscale retail. i don't know. i see the macy's in union square and i think upscale because it is fancy and it is iconic and so beautifully lit, but maybe they're going more towards not what you think about buying at a macy's but more maybe what you buy at a bloomingdale's and that's a business decision. >> right. >> no, really this is yet another blow for san francisco and union square and for all of the good news it is getting from a.i. and biotech moving in, yet another retail giant moving out. >> yeah. tough time for this to happen as well. i mean macy's as a whole, as you mentioned, as a retailer has been tough times really that they've seen. this is just one of 150 stores across the country. we don't know of yet -- to get updates on the story, make sure to download it now. you can scan the qr code. it is on your screen add head to your app store where you can download our free nbc bay area app. >>> to our
it also owns bloomingdale's in san francisco and it put out a statement saying, hey, you know, when itounced the 150 stores closing saying, you know, we are looking more towards upscale retail. i don't know. i see the macy's in union square and i think upscale because it is fancy and it is iconic and so beautifully lit, but maybe they're going more towards not what you think about buying at a macy's but more maybe what you buy at a bloomingdale's and that's a business decision. >> right....
0
0.0
Feb 28, 2024
02/24
by
KPIX
tv
eye 0
favorite 0
quote 0
macy's also plans to expand its bloomingdale's department stores and its beauty chain, blue mercury.r ceo of bloomingdale's took over as macy's ceo earlier this month. >>> tonight we're casting light on a growing tech industry aimed at improving women's health and closing the gender gap in health care. more companies run by women are creating devices designed to better track the health of women's hearts. here's cbs's meg oliver. >> so it's not metal. it's very soft. it's very comfortable. >> reporter: alicia chung rodriguez is the co-founder of the bloomer bra, an undergarment with a secret weapon -- sensors that track health information to detect and fight heart disease in women. >> what kind of data are you collecting, and how does that help the doctor? >> so we collect data to detect arrythmia triggers. we also collect breathing patterns, temperature, posture, and movement. the symptoms might get dismissed or unrecognized. >> reporter: the data is sent to a cell phone app that allows the woman to share it with her doctor. chong rodriguez's company, bloomer tech, is hoping to get f
macy's also plans to expand its bloomingdale's department stores and its beauty chain, blue mercury.r ceo of bloomingdale's took over as macy's ceo earlier this month. >>> tonight we're casting light on a growing tech industry aimed at improving women's health and closing the gender gap in health care. more companies run by women are creating devices designed to better track the health of women's hearts. here's cbs's meg oliver. >> so it's not metal. it's very soft. it's very...
0
0.0
Feb 27, 2024
02/24
by
FBC
tv
eye 0
favorite 0
quote 0
the luxury store expansion part of this, bloomingdale's, but also blue mercury.mercury is, that's an interesting one because it's a little bit higher end than one of your topping picks, which is all that. how do you think consumers are sort of welcoming the opportunity to see more blue americalys out there? -- mercuries out there? >> well, liz, the beauty space, it's booming. it's on fire. and that's largely led by innovation. it's not just about the old school brands that we saw 10, 15 years ago, it's all about newness, and it's about innovation in hair and skin care, also even the younger customer, teen skin care. so the whole space is growing. and when you give a platform to the consumer to test out and really get a view of all the new, emerging brands, they're going for it. and the traffic remains up at ulta, you know, the ticket has been up. so this is where the consumer's interest is, and this is where they're splurging at this point in the consumer's wellness journey. liz: ulta's hitting at least a one-year high at the moment. it is really on a roll here.
the luxury store expansion part of this, bloomingdale's, but also blue mercury.mercury is, that's an interesting one because it's a little bit higher end than one of your topping picks, which is all that. how do you think consumers are sort of welcoming the opportunity to see more blue americalys out there? -- mercuries out there? >> well, liz, the beauty space, it's booming. it's on fire. and that's largely led by innovation. it's not just about the old school brands that we saw 10, 15...
0
0.0
Feb 28, 2024
02/24
by
KPIX
tv
eye 0
favorite 0
quote 0
the former ceo of bloomingdale's took over as macy's ceo earlier this month.ew tech industry designed to track women's heart health is booming. we've got the details next. tail. because knowing that your chronic kidney disease in type 2 diabetes could progress to dialysis is important. b is for belief that there may be more you can do. just remember that k is for kidneys and kerendia. for adults living with ckd in type 2 diabetes, kerendia is proven to reduce the risk of kidney failure, which can lead to dialysis. kerendia is a once-daily tablet that treats ckd differently than type 2 diabetes medications to help slow the progression of kidney damage and reduce the risk of cardiovascular events, such as heart attacks. do not take kerendia if you have problems with your adrenal glands or take certain medications called cyp3a4 inhibitors. kerendia can cause hyperkalemia, which is high potassium levels in your blood. ask your doctor before taking products containing potassium. kerendia can also cause low blood pressure and low sodium levels. so now that you know
the former ceo of bloomingdale's took over as macy's ceo earlier this month.ew tech industry designed to track women's heart health is booming. we've got the details next. tail. because knowing that your chronic kidney disease in type 2 diabetes could progress to dialysis is important. b is for belief that there may be more you can do. just remember that k is for kidneys and kerendia. for adults living with ckd in type 2 diabetes, kerendia is proven to reduce the risk of kidney failure, which...
0
0.0
Feb 28, 2024
02/24
by
KGO
tv
eye 0
favorite 0
quote 0
the company says it will now focus on higher end brands, opening 15 new bloomingdale's. 30 bluemercurysmetic stores, as well. >>> fast food chain wendy's with a plan to raise prices depending on when you're there. the company planning to test a new surge pricing plan early next year. it will cost more during peak times, based on demand. analysts say other fast food chains likely watching, and if successful, might follow suit. >>> when we come back here tonight, the new seal pup and the seal's mom getting a lot of attention tonight, and you'll see why, in a moment. . breathing claritin clear is like... (♪) is he? confidently walking 8 long haired dogs and living as if he doesn't have allergies? yeah. fast relief of your worst allergy symptoms, like nasal congestion. to give your teeth a dentist clean feeling. start with a round brush head. add power. and you've got oral-b. round cleans better by surrounding each tooth to remove 100% more plaque. for a superior clean. oral-b. brush like a pro. there are some things that work better together. like your workplace benefits and retirement sa
the company says it will now focus on higher end brands, opening 15 new bloomingdale's. 30 bluemercurysmetic stores, as well. >>> fast food chain wendy's with a plan to raise prices depending on when you're there. the company planning to test a new surge pricing plan early next year. it will cost more during peak times, based on demand. analysts say other fast food chains likely watching, and if successful, might follow suit. >>> when we come back here tonight, the new seal...
0
0.0
Feb 28, 2024
02/24
by
KTVU
tv
eye 0
favorite 0
quote 0
macy's inc. is also the parent company of bloomingdale's and bluemercury skincare.e's and 30 bluemercury cosmetic stores in the next two years. the store at union square is expected to stay open until macy's can sell the 400,000 square foot property. san francisco mayor london breed says she will work closely with businesses, real estate and community leaders to determine what's next for the property. our goal is to make sure that we focus on the opportunities and the opportunity to ensure that this space is used for something that will be profitable, that will be a destination that will attract people. the ceo of the union square alliance, the business advocacy group, released this statement. she says, quote, i believe we should work toward a solution that allows macy's to keep this iconic store open. however if that does not come to pass, our expectation is that a new owner for this iconic site will come forward to continue a fresh and vibrant vision at this critical location. end quote. >> our time is 504 and the business is near macy's say the plans to close tha
macy's inc. is also the parent company of bloomingdale's and bluemercury skincare.e's and 30 bluemercury cosmetic stores in the next two years. the store at union square is expected to stay open until macy's can sell the 400,000 square foot property. san francisco mayor london breed says she will work closely with businesses, real estate and community leaders to determine what's next for the property. our goal is to make sure that we focus on the opportunities and the opportunity to ensure that...
0
0.0
Feb 27, 2024
02/24
by
CNNW
tv
eye 0
favorite 0
quote 0
and that's why they're going to be investing in bloomingdale's and blue mercury. but of course, when you talk about store closures you talk about job losses and macy's last month announced it was laying off more than 2,300 employees. >> on the flip side a little bit of >> good news, macy's is opening, 30 smaller macy's stores. but of course that's a smaller footprint, fewer employees that she is all about the digital transformation and really trying to meet consumers where they are. and right now, they want to shop in store for just those luxury goods and very different consumer story. but one that i was really interesting is wendy's announcing plans to introduce uber style surge pricing on its menu. what >> is the deal here? >> this is i'm sara but this is something that we've seen across rideshare companies that they introduced >> like, okay. yeah, in the rain >> lift will and uber will raise prices but essentially what wendy's is saying is that they want to try it out with their digital menus in store, but also on their app. to try to capitalize consumers spend
and that's why they're going to be investing in bloomingdale's and blue mercury. but of course, when you talk about store closures you talk about job losses and macy's last month announced it was laying off more than 2,300 employees. >> on the flip side a little bit of >> good news, macy's is opening, 30 smaller macy's stores. but of course that's a smaller footprint, fewer employees that she is all about the digital transformation and really trying to meet consumers where they are....
0
0.0
Feb 27, 2024
02/24
by
KTVU
tv
eye 0
favorite 0
quote 0
macy's and bloomingdale's sales during the 2023 holiday shopping season were down compared to the yearefore. a new ceo took over the company. last month, macy's had faced threats of a possible takeover if it didn't turn things around, so the company's ceo says they will close 50 macy's stores this year across the nation and then another 100 by the year 2026. during that time, though, they plan to open 15 new bloomingdale's stores and 30 new bluemercury stores across the country, focusing on opening smaller, standalone stores that are not in traditional shopping malls. >> exiting stores allows us to prioritize our highest return on mall opportunities and open more small format off mall. macy's at the end of the year, we operated 12 of small formats. as previously disclosed, we plan to open up 30 more in the next two years, including 12 this year. macy's ceo said in that earnings call that they spent the past seven months trying to diagnose some of the company's problems and figure out how to become more resilient. >> they surveyed 60,000 customers and said that stores that do stay open
macy's and bloomingdale's sales during the 2023 holiday shopping season were down compared to the yearefore. a new ceo took over the company. last month, macy's had faced threats of a possible takeover if it didn't turn things around, so the company's ceo says they will close 50 macy's stores this year across the nation and then another 100 by the year 2026. during that time, though, they plan to open 15 new bloomingdale's stores and 30 new bluemercury stores across the country, focusing on...
0
0.0
Feb 27, 2024
02/24
by
KPIX
tv
eye 0
favorite 0
quote 0
during that time, the retail giant plans to open more smaller versions of its successful bloomingdale's and blue mercury brands. no word yet on whether any bay area locations will be impacted. we will be reaching out when the stores open this morning. >>> the irs says tax refunds this year are slightly higher compared to a year ago. as of february 16, the average refund was just over $3200. that is up about 2% and so far 32 million americans have filed their taxes. the deadline to file is april 15 or you can request an extension to mid-october. >>> you can expect to pay more during the lunch hour. when days announced they will be increasing their prices during peak business hours. the company hopes this uber surgeon pricing will improve sales growth. the change as part of a $20 million investment in digital menu boards. wendy's has not yet said how much the prices will change. >>> voters in michigan are at the polls right now. the great lakes state is considered the first major battleground of the primary election season. former president donald trump is looking to add to his lead in th
during that time, the retail giant plans to open more smaller versions of its successful bloomingdale's and blue mercury brands. no word yet on whether any bay area locations will be impacted. we will be reaching out when the stores open this morning. >>> the irs says tax refunds this year are slightly higher compared to a year ago. as of february 16, the average refund was just over $3200. that is up about 2% and so far 32 million americans have filed their taxes. the deadline to file...
0
0.0
Feb 28, 2024
02/24
by
KTVU
tv
eye 0
favorite 0
quote 0
the company says it will open 15 new bloomingdale's stores and 30 new bluemercury stores in the next two years, and two of the leading candidates for mayor of san francisco are now expressing their concern about the closure of the iconic store in union square. >> it's scary for the city of san francisco. macy's has been an iconic part of our city for decades. it's been the anchor tenant of union square. it's the tree lighting. it's the ice skating rink. over the holidays. it's so much that the city of san francisco, this is really a frightening day for our city. >> former supervisor and interim mayor mark farrell said. the city needs to fix issues, including crime, drugs and homelessness to attract businesses to the downtown core. another candidate, nonprofit executive daniel lurie, called today a major blow. >> retail has changed. there's no question about it. um, but i'm just going to worry about san francisco. i'm going to be concerned about making sure we attract retail. we attract businesses here. and it starts with public safety, the drug crisis, the mental health crisis . >> l
the company says it will open 15 new bloomingdale's stores and 30 new bluemercury stores in the next two years, and two of the leading candidates for mayor of san francisco are now expressing their concern about the closure of the iconic store in union square. >> it's scary for the city of san francisco. macy's has been an iconic part of our city for decades. it's been the anchor tenant of union square. it's the tree lighting. it's the ice skating rink. over the holidays. it's so much...
0
0.0
Feb 27, 2024
02/24
by
KTVU
tv
eye 0
favorite 0
quote 0
now macy's and bloomingdale's.wn compared to the year before a new ceo took over the company last year, and investors had threatened to take the company private if things didn't turn around. >> we have identified approximately 150 macy's stores for closure over the next three years. we call these our non go forward locations runs in fiscal 2023. they represented about 25% of macy's inc's gross square footage, but less than 10% of its sales. >> again, we're waiting for that list. of those 150 stores that are slated to close by the year 2026, including whether any bay area locations are on that closure list. but those macy's stores lost will be bloomingdale's gains, the company's ceo says while the close 50 macy's stores this year and another 100 by 2026, they plan to open 15 new bloomingdale's stores nationwide in that period and 30 new bluemercury stores again, that's a cosmetics company chain that macy's bought about ten years ago. it's a sign that the company wants to shift its focus towards higher end luxury bra
now macy's and bloomingdale's.wn compared to the year before a new ceo took over the company last year, and investors had threatened to take the company private if things didn't turn around. >> we have identified approximately 150 macy's stores for closure over the next three years. we call these our non go forward locations runs in fiscal 2023. they represented about 25% of macy's inc's gross square footage, but less than 10% of its sales. >> again, we're waiting for that list. of...
0
0.0
Feb 28, 2024
02/24
by
KTVU
tv
eye 0
favorite 0
quote 0
macy's is also the parent company of bloomingdale's, and the cosmetics skin care chain bluemercury. the company says it will open 15 new bloomingdale's stores and 30 new bluemercury stores in the next two years, exiting stores allows us to prioritize our highest return on mall opportunities and open more small format off mall. >> macy's is the macy's union square store in san francisco, employs about 400 people. >> the san francisco union square alliance says they expect the store to remain open, and that in all likelihood, there will be a union square christmas tree and holiday shopping at that store there later this year . although what happens to that space after 2026 still isn't clear. macy's also said it would not make the list of other store closures public at this time. >> five years of effort in early childhood education are paying off in san francisco that, according to a new city report, proposition c was passed by voters in 2018 to put more resources into child care, while since then mayor breed says that the city has been able to recruit and retain more teachers with rai
macy's is also the parent company of bloomingdale's, and the cosmetics skin care chain bluemercury. the company says it will open 15 new bloomingdale's stores and 30 new bluemercury stores in the next two years, exiting stores allows us to prioritize our highest return on mall opportunities and open more small format off mall. >> macy's is the macy's union square store in san francisco, employs about 400 people. >> the san francisco union square alliance says they expect the store...
0
0.0
Feb 27, 2024
02/24
by
KTVU
tv
eye 0
favorite 0
quote 0
but macy's is also the parent company of bloomingdale's, and the cosmetic skin care chain bluemercury and the company says it will open 15 new bloomingdale's stores and 30 new bluemercury stores in the next two years. across the country, they're going to be focusing on opening those smaller, standalone stores that are not located in traditional malls. >> exiting stores allows us to prioritize our highest return on mall opportunities and open more small format off mall. macy's now the macy's union square store in san francisco, employs about 400 people. >> the san francisco union square alliance says they expect that store to remain open, and that in all likelihood, they believe there will be a union square christmas tree in 2024. later this year, and holiday shopping this year as well. although what happens to that space after 2026 isn't clear. my colleague christien kafton will have more on this story in our later newscast. for now, we'll send it back to you. andre. >> another big blow to san francisco. ali, thank you for that report. now out of this neighborhood, groups in downtown
but macy's is also the parent company of bloomingdale's, and the cosmetic skin care chain bluemercury and the company says it will open 15 new bloomingdale's stores and 30 new bluemercury stores in the next two years. across the country, they're going to be focusing on opening those smaller, standalone stores that are not located in traditional malls. >> exiting stores allows us to prioritize our highest return on mall opportunities and open more small format off mall. macy's now the...
0
0.0
Feb 27, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
bloomingdales had several years of profit and blue mercury 12-straight quarters of growing comparableales. they are adding more employees to some areas of macy's stores it's investing in using ai to improve inventory and elevating and evaluating merchandise. variety without redundancy and lowe's beat expectations with sales and earnings with it forecast. they do believe the forecast will fall. do it yourself customers fell, sales to contractors essentially flat in the quarter. ceo marvin ellison told me on the phone the diy shoppers are looking for value. black friday and cyber monday hit records for lowe's but customers are also buying just single appliances rather than a whole suite of appliances. >> not doing the whole kitchen. >> or even just a dishwasher as opposed to buying a new dishwasher and stoe and everything all together there. >> go with the coffee maker. >> lowe's shares higher hitting 52-week highs even on a record that was not super seller. >>> technical take on some of warren buffett's biggest holdings. a little technical support aned. >>> plus, we continue our dive i
bloomingdales had several years of profit and blue mercury 12-straight quarters of growing comparableales. they are adding more employees to some areas of macy's stores it's investing in using ai to improve inventory and elevating and evaluating merchandise. variety without redundancy and lowe's beat expectations with sales and earnings with it forecast. they do believe the forecast will fall. do it yourself customers fell, sales to contractors essentially flat in the quarter. ceo marvin...
0
0.0
Feb 28, 2024
02/24
by
KTVU
tv
eye 0
favorite 0
quote 0
macy's new ceo says the company plans to add stores to their luxury end bloomingdale's chain and increase the number of their bluemercury cosmetic stores. the company says it also intends to shift the remaining 350 macy's stores to selling more luxury items. >> exiting stores allows us to prioritize our highest return on mall opportunities and open more small format off mall. macy's is the macy's union square location in san francisco, employs about 400 people. >> a spokesperson for the san francisco union square alliance says they will work with macy's to have a union square christmas tree and holiday shopping at the store there at the end of this year, the city of san francisco today issued a formal apology to its black residents for decades of systemic discrimination in the san francisco board of supervisors unanimously approved the apology resolution resolution, which recognizes a history of targeted attacks, acts of violence and atrocities committed against the black community that apology is viewed as the city's first step towards possibly providing reparations to black san francisc
macy's new ceo says the company plans to add stores to their luxury end bloomingdale's chain and increase the number of their bluemercury cosmetic stores. the company says it also intends to shift the remaining 350 macy's stores to selling more luxury items. >> exiting stores allows us to prioritize our highest return on mall opportunities and open more small format off mall. macy's is the macy's union square location in san francisco, employs about 400 people. >> a spokesperson for...
0
0.0
Feb 27, 2024
02/24
by
KTVU
tv
eye 0
favorite 0
quote 0
store chain in the nation it owns, not just 350 macy's stores, but it is also the parent company of bloomingdale'semercury. macy's sales during the 2023 holiday shopping season were down compared to a year before for a new ceo took over the company. last month, macy's had faced threats of a possible takeover if it didn't turn things around. the company ceo says while they will close 50 macy's stores this year and another 100 by 2026, they plan to open 15 new bloomingdale's stores and smaller stores that they are going to be calling bloomies, as well as 30 new bluemercury stores across the country. during that same period . so they're focusing on opening smaller, standalone stores that are not in traditional malls, exiting stores allows us to prioritize our highest return on mall opportunities and open more small format off mall. >> macy's. at the end of the year, we operated 12 small formats. as previously disclosed, we plan to open up 30 more in the next two years, including 12 this year. macy's ceo says they spent the past seven months trying to diagnose some of the company's problems and figure
store chain in the nation it owns, not just 350 macy's stores, but it is also the parent company of bloomingdale'semercury. macy's sales during the 2023 holiday shopping season were down compared to a year before for a new ceo took over the company. last month, macy's had faced threats of a possible takeover if it didn't turn things around. the company ceo says while they will close 50 macy's stores this year and another 100 by 2026, they plan to open 15 new bloomingdale's stores and smaller...
0
0.0
Feb 28, 2024
02/24
by
KGO
tv
eye 0
favorite 0
quote 0
and the plans include adding 15 bloomingdale's stores and 30 bluemercury cosmetic stores, also shutting down 150 stores of the 500 that it has nationwide. that's a 30% cut over the next three years. there are about a dozen macy's in the bay area, and the only one confirmed so far for closure is san francisco's union square location. an abc news reporter, lena howland, is joining us this morning with reaction to the announcement. good morning, lena . >> good morning gloria. city leaders are trying to remain optimistic, but this is clearly a big blow for san francisco and 400 macy's store employees. it's also a big disappointment for many shoppers. macy's says 150 of its stores will close over the next three years. 50 of them by the end of this year. the union square location will not be part of the initial first 50 closures, mayor london breed says macy's is selling the property at union square and will remain open until after the sale or transition. she says the move has nothing to do. what's with what's happening in downtown san francisco? we've had even this past holiday season betwee
and the plans include adding 15 bloomingdale's stores and 30 bluemercury cosmetic stores, also shutting down 150 stores of the 500 that it has nationwide. that's a 30% cut over the next three years. there are about a dozen macy's in the bay area, and the only one confirmed so far for closure is san francisco's union square location. an abc news reporter, lena howland, is joining us this morning with reaction to the announcement. good morning, lena . >> good morning gloria. city leaders...
137
137
Feb 27, 2024
02/24
by
CNNW
tv
eye 137
favorite 0
quote 1
they're going to be opening 15 new bloomingdale's and 30 new blue mercury store stores. so the investment really shifting to those luxury brands, were they have seen the most success. tony spring, the ceo, also pointing to last quarter saying that sales fell by 2% sent, and that is around the time when people are doing holiday shopping. and that's when you should see sales increase. but they're seeing that drag from the consumer at macy's also last month, it was announced that macy's was going to lay off 2,300 employees. so you just wonder what kind of a footprint both from the space we shall standpoint, but also employee standpoint, macy's is really going to have also just note wall street taking notice of this new plan and they seem to like it macy's stock up about 5% this morning. so wall street, thinking that this is moving in the right direction and the ceo clearly saying this is this is the direction that they need to be moving in in order to be profitable. jim >> all right vanessa yurkevich, thanks so much. we'll be right back >> elliott spitzer crusading governor
they're going to be opening 15 new bloomingdale's and 30 new blue mercury store stores. so the investment really shifting to those luxury brands, were they have seen the most success. tony spring, the ceo, also pointing to last quarter saying that sales fell by 2% sent, and that is around the time when people are doing holiday shopping. and that's when you should see sales increase. but they're seeing that drag from the consumer at macy's also last month, it was announced that macy's was going...
0
0.0
Feb 9, 2024
02/24
by
KNTV
tv
eye 0
favorite 0
quote 0
>> reporter: i'm wearing some sort of maybe a bloomingdale's suit or something like that. i have to see what we've got here. >> get back to me with that. thanks, raj. looks like you're having a great time. all good stuff. >>> all right. do you just watch the super bowl for the commercials and the halftime show, or are you into the game? i like it all. but we are getting a sneak peek of what you can expect at the super bowl for the halftime show. post malone, reba mcentire, andra day. then usher headlining the halftime event. this is the second time. he made a cameo with the black-eyed peas back in 2011. >> how amazing it felt to be in front of those people. it made me really passionate about eventually getting this moment i'm getting ready to have. there's been these fantasy lists and people trying to figure out what song i'm going to perform first, middle, last, who's going to come on the stage with me. i was very mindful of my past, celebrating my present. >> as usual, a lot of secrecy surrounding the show itself, but we know three people who will be onstage with usher.
>> reporter: i'm wearing some sort of maybe a bloomingdale's suit or something like that. i have to see what we've got here. >> get back to me with that. thanks, raj. looks like you're having a great time. all good stuff. >>> all right. do you just watch the super bowl for the commercials and the halftime show, or are you into the game? i like it all. but we are getting a sneak peek of what you can expect at the super bowl for the halftime show. post malone, reba mcentire,...
0
0.0
Feb 15, 2024
02/24
by
KGO
tv
eye 0
favorite 0
quote 0
there's here's a deal that i saw at bloomingdale's. you can get 78% off the sealy posturepedic holiday mattress, and that's just $500. i'm also seeing mattress stores offering free delivery and sometimes 0% financing deals, so you definitely want to take advantage. and remember, this isn't something you want to skimp on, so focus more on the quality than the price, and then look for these deals to help you save. next on my list are appliances you can save about 40% off those large home appliances from best buy, lowe's, samsung has some deals. they were offering $1,000 off their bespoke ultra capacity front load washer and electric dryer, and they're even saying, hey, you can get an extra 500 off if you do a package deal. and then keep this in mind if you're buying an energy efficient appliance, you might actually qualify for a rebate. so definitely look for that because that can help cut some costs off another big ticket item furniture. so if you need a new bed, new, um, new shoe dresser, maybe new dining room furniture, or go to a sto
there's here's a deal that i saw at bloomingdale's. you can get 78% off the sealy posturepedic holiday mattress, and that's just $500. i'm also seeing mattress stores offering free delivery and sometimes 0% financing deals, so you definitely want to take advantage. and remember, this isn't something you want to skimp on, so focus more on the quality than the price, and then look for these deals to help you save. next on my list are appliances you can save about 40% off those large home...
0
0.0
Feb 27, 2024
02/24
by
KGO
tv
eye 0
favorite 0
quote 0
>> she did meet with neiman marcus and they're staying and she's talked with bloomingdale's and they're staying right for, for right now. this is a tough time for the mayor because she's up for reelection. people are already saying, what happened to that old san francisco? even she says she grew up in a different san francisco. well, welcome to the new one. >> right. >> and two of her opponents, daniel lurie and also mark farrell, were quick today to release statements actually countering that narrative that it's not about san francisco at all. and they're putting it partly on her. and of course, there are different views to look at that. but my question is, how much longer do we have with this macy's? when does it close? i know they said possibly not till the end of 2026. >> so i think the conversations that were going on today was giving macy's as much time and giving the city as much time. 2025 is the earliest that we've heard. >> the idea is to sell the building. they own the building. it's not like they have a lease. they can stay there for as long as they want. so we have to see h
>> she did meet with neiman marcus and they're staying and she's talked with bloomingdale's and they're staying right for, for right now. this is a tough time for the mayor because she's up for reelection. people are already saying, what happened to that old san francisco? even she says she grew up in a different san francisco. well, welcome to the new one. >> right. >> and two of her opponents, daniel lurie and also mark farrell, were quick today to release statements...
0
0.0
Feb 28, 2024
02/24
by
KNTV
tv
eye 0
favorite 0
quote 0
i'm not sure if another macy's or bloomingdale's or target will go into that space. what could be there next? perhaps housing? is that a possibility? >> well, we don't know yet. we're still trying to have the conversations to see. i mean it really is not completely up to the city. someone will probably buy the property. unlike some of the other locations, it's in an iconic location. we don't know what the proposals might be. but our goal is to make sure our city is doing everything we can to work with whoever purchases the property, but also to continue to work with macy's because, again, if it becomes retail and it divides up, you know, different kind of retail uses, macy's could still be a part of the equation. so i'm really optimistic about this because we have, for example, the transamerica pyramid building. that building sold for $600 million. and the owner, michael chabot, is investing another $400 million in the surrounding area and making it into more of a destination when it never was that before. i think the possibility and an iconic location like union squ
i'm not sure if another macy's or bloomingdale's or target will go into that space. what could be there next? perhaps housing? is that a possibility? >> well, we don't know yet. we're still trying to have the conversations to see. i mean it really is not completely up to the city. someone will probably buy the property. unlike some of the other locations, it's in an iconic location. we don't know what the proposals might be. but our goal is to make sure our city is doing everything we can...
0
0.0
Feb 27, 2024
02/24
by
KSTS
tv
eye 0
favorite 0
quote 0
buscando lo que llama un nuevo capítulo audaz con mayor enfoque en el lujo, centrado en sus marcas, bloomingdalesos febrero y en gran parte del país no parece que aún estemos en invierno con registros récord de temperaturas . pero atención, porque a partir de esta tarde vienen tormentas severas y un descenso importante de los termómetros. ahora nos acompaña carlos robles, nuestro jefe de meteorología. carlos, cuéntanos qué está pasando. yo creo que lo primero que debería decir es que es algo totalmente atípico fuera de temporada por la emergencia climática que estamos experimenta primero vamos al tiempo severo. si usted se fija la localidad que va a estar ocurriendo es el medio oeste del país. los grandes lagos y el valle de ohio. estas zonas no ven tornados para el mes de febrero son 41 millones de personas en riesgo de tornados, granizos y vientos fuertes. durante el día de hoy. que va a estar ocurriendo? hay un sistema frontal acercándose, encontrando mucho calor. el estallido de tormentas con granizo hasta de un diámetro de 2 pulgadas, es decir, granizo bastante grandes. luego todo ese frente
buscando lo que llama un nuevo capítulo audaz con mayor enfoque en el lujo, centrado en sus marcas, bloomingdalesos febrero y en gran parte del país no parece que aún estemos en invierno con registros récord de temperaturas . pero atención, porque a partir de esta tarde vienen tormentas severas y un descenso importante de los termómetros. ahora nos acompaña carlos robles, nuestro jefe de meteorología. carlos, cuéntanos qué está pasando. yo creo que lo primero que debería decir es...
0
0.0
Feb 28, 2024
02/24
by
KTVU
tv
eye 0
favorite 0
quote 0
macy's will also be investing more resources in its parent company's bloomingdale's and cosmetics and skin care chain bluemercury. well today's news regarding the union squares macy's is being described as devastating by many. but as ktvu amber lee shows us, there is still optimism in the city. >> corsetti serves up coastal italian cuisine at union square. the restaurant opened just six months ago. >> we've done a good job to create a little cozy pocket in downtown san francisco, executive chef holly macerlean is a san francisco native. >> she says she's saddened by news of macy's union square closing, but says corsetti is among the new businesses that represent growth and change in the area. she tells me when she first started working downtown, she had concerns about crime and safety. >> there is a lot of hope and we are on the right track. we're not going backward. i already feel us moving forward. tourism is still very much alive. >> we do events here as well. >> the starlight cocktail lounge reopened at the beginning of the month for the first time since the pandemic. it is on the
macy's will also be investing more resources in its parent company's bloomingdale's and cosmetics and skin care chain bluemercury. well today's news regarding the union squares macy's is being described as devastating by many. but as ktvu amber lee shows us, there is still optimism in the city. >> corsetti serves up coastal italian cuisine at union square. the restaurant opened just six months ago. >> we've done a good job to create a little cozy pocket in downtown san francisco,...
0
0.0
Feb 28, 2024
02/24
by
KGO
tv
eye 0
favorite 0
quote 0
the plan is for the company to now focus on its more upscale stores, opening 15 new bloomingdale's and 30 new bluemercury locations . that's makeup and skin care. macy's the macy's locations that remain open. those may get an upgrade. the company is investing in dozens of small format locations about one fifth the size of a traditional macy's. >> and after billions of dollars in research over nearly a decade , apple has scrapped plans for an electric car. the company informed employees about the move yesterday, saying the secretive projects workers will be shifted into other positions, including work on artificial intelligence. apple's car was intended to be a rival to tesla's electric vehicles. so there you go. apple throwing in the towel or at least shifting their resources elsewhere to at least for now. >> when we come back, a big headline from adele and a toddler transformed into a golden girl. >> we'll show you the skinny is next. >> these bills are crazy. >> she has no idea she's sitting on a gold mine. >> well, she doesn't know that if she owns a life insurance policy of $100,00
the plan is for the company to now focus on its more upscale stores, opening 15 new bloomingdale's and 30 new bluemercury locations . that's makeup and skin care. macy's the macy's locations that remain open. those may get an upgrade. the company is investing in dozens of small format locations about one fifth the size of a traditional macy's. >> and after billions of dollars in research over nearly a decade , apple has scrapped plans for an electric car. the company informed employees...
0
0.0
Feb 12, 2024
02/24
by
FBC
tv
eye 0
favorite 0
quote 0
relates to assault on the screen, robberies purse snatches mob like activity in stores going to macy's bloomingdaleurrently have to do. maria: your officers dealing quite well, they are there trying to do their jobs, despite all new challenges. but how do you do a job when you've got illegals carrying guns in the middle of times square we are going to quarter quarter fast you saw what happened last week within 20 hours we had person underiest, detectives did their job, again, we are not going to stop, not tolerated in the city like we say i am glad report, the cops are working hard getting it done, a challenge, but we are best agency in the business. maria: let me get your take on reason for all this i watched your press conference the other day, we all had to witness migrants trying to beat up the nypd officers, who were there surveilling times square you said the condition this keeps happening is because there are no the consequences for crime. we are all feeling the same john. >> as relates to the video here, you know 14 on 2 you go disgusting interest has been consequences for actions if no con
relates to assault on the screen, robberies purse snatches mob like activity in stores going to macy's bloomingdaleurrently have to do. maria: your officers dealing quite well, they are there trying to do their jobs, despite all new challenges. but how do you do a job when you've got illegals carrying guns in the middle of times square we are going to quarter quarter fast you saw what happened last week within 20 hours we had person underiest, detectives did their job, again, we are not going...
143
143
Feb 15, 2024
02/24
by
FBC
tv
eye 143
favorite 0
quote 1
motorbike crime robberies and purse snatches mob like activity in stores where they're going to macy's or bloomingdale'she street to pickpockets in the subways, there's gotta be consequent as for the actions and if there's no consequences that will keep on happening we will never corrected, we are to get practical people at the table practical conversations is not how to solve this. >> that was a practical answer. new york city police commissioner the ceo of guardian group back with us, it's always a pleasure to see you, thank you very much for being here, thank you for having me. >> what you make of all this it is heartbreaking to see the illegal migrants beating up the nypd officers, how should the u.s. in the city of new york be dealing with this. >> obviously we need a lot of help with the border the people are coming from the police commissioner of new york and said the city is a wave migrant crime and certainly seems to be the case, there's one gang and particular that they've written about called peacock in there from venezuela but they have been around for about 12 years and they've done this ty
motorbike crime robberies and purse snatches mob like activity in stores where they're going to macy's or bloomingdale'she street to pickpockets in the subways, there's gotta be consequent as for the actions and if there's no consequences that will keep on happening we will never corrected, we are to get practical people at the table practical conversations is not how to solve this. >> that was a practical answer. new york city police commissioner the ceo of guardian group back with us,...
0
0.0
Feb 27, 2024
02/24
by
FBC
tv
eye 0
favorite 0
quote 0
after month, data macy's earnings goes to what you are speaking of closing 150 macy stores planning bloomingdales blue mercury expensive seems the stores macy's others realize the luxury consumer wealthier going to stick around not low end. >> u.s. consumer went to that balance sheet, beg, profit steal we spend until unemployment goes up as long as you see labor market notwithstanding the way it have a so is far looks like limited to the low end consumer, in a is feeling the stress. if you start to see unemployment rise that changes we haven't seen that one of the reasons constructive. >> how does this impact. chris: unemployment allow, as you said, driving wage inflation going to obviously, i am concerned all concerned about not seeing even three rate cuts, if we don't see rate cuts or numbers. >> how does this play out. >> we think inflation about sticky stickier closer to three not backup to four or five. we've got day of vie on this, this is this idea that steve augth talked about rocky landing starting to come out of that stabilizing our best case until we see things change not seeing that i
after month, data macy's earnings goes to what you are speaking of closing 150 macy stores planning bloomingdales blue mercury expensive seems the stores macy's others realize the luxury consumer wealthier going to stick around not low end. >> u.s. consumer went to that balance sheet, beg, profit steal we spend until unemployment goes up as long as you see labor market notwithstanding the way it have a so is far looks like limited to the low end consumer, in a is feeling the stress. if...
0
0.0
Feb 27, 2024
02/24
by
FBC
tv
eye 0
favorite 0
quote 0
not a good report, but they're closing 150 stores to save of money, and they're making bloomingdale'sxury brands, a priority. they're forecasting annual sales below wall street estimates on weak demand can for clothing and for shoes, and this is what troubled me, their credit card use. credit card revenue fell 26% in the quarter for macy's because more bad debt. customers aren't paying their bills on time. stuart: thanks so much,ing lauren. now, diy drag -- lauren: do it yourself drag killing lowe's. do it yourself is 75% of their sales. people are fixing things in their homes, but maybe they'll just buy the kitchen sink instead of redoing the whole kitchen. lowe's came back with a down beat outlook, yet the stock is up 1.5%. they're expecting sales to fall as much as 3%. stuart: that threw me a bit, diy drag. should have said lowe's, then i would have understood. zoom, obviously, the video conference people. they're way up, 7. lauren: okay, fine, but they were $500 more than they are right now back in the leiday of covid at -- heyday of covid. yes, they are having a good day because
not a good report, but they're closing 150 stores to save of money, and they're making bloomingdale'sxury brands, a priority. they're forecasting annual sales below wall street estimates on weak demand can for clothing and for shoes, and this is what troubled me, their credit card use. credit card revenue fell 26% in the quarter for macy's because more bad debt. customers aren't paying their bills on time. stuart: thanks so much,ing lauren. now, diy drag -- lauren: do it yourself drag killing...
0
0.0
Feb 28, 2024
02/24
by
KTVU
tv
eye 0
favorite 0
quote 0
so instead, the company is going to open 15 new bloomingdale's and 30 new bluemercury stores. the san francisco macy's will not close until the company can sell the building, which could take over a year. ktvu is amber lee joins us now live from the city. and amber, this is a devastating loss for many, many emotionally attached to it. but it doesn't mean the end of union square. that's right. >> claudine, tonight the people we spoke with say change is unavoidable and hard, but that they are optimistic about union square's future without macy's. corsetti serves up coastal italian cuisine at union square. the restaurant opened just six months ago. >> we've done a good job to create a little cozy pocket, um, in downtown san francisco, executive chef holly macerlean is a san francisco native. >> she says she's saddened by news of macy's union square closing. but says corsetti is among the new businesses that represent growth and change in the area. she tells me when she first started working downtown, she had concerns about crime and safety. >> there is a lot of hope and we are on
so instead, the company is going to open 15 new bloomingdale's and 30 new bluemercury stores. the san francisco macy's will not close until the company can sell the building, which could take over a year. ktvu is amber lee joins us now live from the city. and amber, this is a devastating loss for many, many emotionally attached to it. but it doesn't mean the end of union square. that's right. >> claudine, tonight the people we spoke with say change is unavoidable and hard, but that they...
0
0.0
Feb 27, 2024
02/24
by
KNTV
tv
eye 0
favorite 0
quote 0
now, the company says it's going to open 15 new bloomingdale's stores. >>> wendy's says it's going to experiment with dynamic pricing, changing the price of a hamburger based on demand. it's rolling out electronic menus to some locations to enable that. the company made this announcement earlier this month, but it's just now getting attention. if you use uber or lyft, you're familiar with this idea of dynamic pricing. prices go up when drivers are scarce to attract more drivers. in the case of a hamburger, it's just profits. >>> the states of texas and florida went before the supreme court yesterday in washington to argue their case for restrictions on some social media companies. they say they want to bar facebook and others from censoring certain political viewpoints. tech companies say they don't censor, they edit the content. justices seemed skeptical of the states' arguments and supportive of social networks' first amendment rights. court watchers wonder if the supreme court is going to skip making a decision and send the case down to lower courts. the justices seem to think the
now, the company says it's going to open 15 new bloomingdale's stores. >>> wendy's says it's going to experiment with dynamic pricing, changing the price of a hamburger based on demand. it's rolling out electronic menus to some locations to enable that. the company made this announcement earlier this month, but it's just now getting attention. if you use uber or lyft, you're familiar with this idea of dynamic pricing. prices go up when drivers are scarce to attract more drivers. in the...
0
0.0
Feb 27, 2024
02/24
by
KGO
tv
eye 0
favorite 0
quote 0
it plans to open small versions of bloomingdale's and its chain of cosmetic stores, called bluemercury. there are 15 macy's stores in the bay area. last month, macy's said the bayfair center location in san leandro will close. it's unclear if this morning's announcement will affect any bay area stores. we'll keep you posted. we're also learning new ■details about cisco's plan to cut thousands of jobs in its latest round of layoffs filings show about 730 jobs will be cut across the bay area. that breaks down to more than 440 jobs in san jose, nearly 175 in milpitas and more than 100 in san francisco, the documents show. the bay area layoffs are expected to happen starting april 15th. and now we take a live look at the new york stock exchange. we are down before, and we continue to be down about the same amount, 100 points as 17 year old aviator from staten island is making history for kimura freeland. >> flying is everything. she has already passed her solo and cross country flights, taking her mother last summer to martha's vineyard on monday, kimura set out to officially become the yo
it plans to open small versions of bloomingdale's and its chain of cosmetic stores, called bluemercury. there are 15 macy's stores in the bay area. last month, macy's said the bayfair center location in san leandro will close. it's unclear if this morning's announcement will affect any bay area stores. we'll keep you posted. we're also learning new ■details about cisco's plan to cut thousands of jobs in its latest round of layoffs filings show about 730 jobs will be cut across the bay area....
0
0.0
Feb 27, 2024
02/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
traditionally we talk about macy's and bloomingdale's being that anchor retailer.hanged and how have things developed for you? >> they are considerably smaller than the regional malls, so for us, anchor retailer is are in the 35,000 square foot range. far less relying on any one tenant, but they are still great draws. they still have an outlet business. both of which they facilitate brands that would not get certain lifestyle stories. jonathan: eight usually goes something like this. it is not for you, is it? >> ever since covid, the open air shopping center has been the highlight in our sector. people like a place where they can gather. outlet centers of 10 to 15 years ago are evolving. we are changing the uses and filling some of that bacon from covid with different uses, not necessarily outlet uses. john retailers were people want to come and shop every week as opposed to once a quarter. the cycle and how much are you seeing that bifurcation with respect to some of the lower income shoppers or people looking for discounts and those willing to go to the upper end
traditionally we talk about macy's and bloomingdale's being that anchor retailer.hanged and how have things developed for you? >> they are considerably smaller than the regional malls, so for us, anchor retailer is are in the 35,000 square foot range. far less relying on any one tenant, but they are still great draws. they still have an outlet business. both of which they facilitate brands that would not get certain lifestyle stories. jonathan: eight usually goes something like this. it...
0
0.0
Feb 27, 2024
02/24
by
CNNW
tv
eye 0
favorite 0
quote 0
macy says it is turning its focus to its more successful luxury brands such as bloomingdale's and bluemercury. that would mean building smaller stores away from traditional shopping malls. and shoppers move away from malls. smaller stores are more profitable because they have fewer workers and less merchandise. you can follow me on facebook, instagram, threads x, formerly known as twitter, and on the tiktok at jaketapper, you can follow the show on exit the lead cnn, if you ever, ms an episode of the lead, you can listen to the show whence you get your podcasts. i will be back in just two hours for our special coverage of the mix michigan presidential primary, democratic and republican. until then, the ws continues right now happening now critic
macy says it is turning its focus to its more successful luxury brands such as bloomingdale's and bluemercury. that would mean building smaller stores away from traditional shopping malls. and shoppers move away from malls. smaller stores are more profitable because they have fewer workers and less merchandise. you can follow me on facebook, instagram, threads x, formerly known as twitter, and on the tiktok at jaketapper, you can follow the show on exit the lead cnn, if you ever, ms an episode...
0
0.0
Feb 27, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
that leaves about 350 locations left, but is also adding 45 bloomingdale's and blue mercury stores.aid, we're closing underproductive stores that represent 25 act of our gross square footage, but less than 10% of our sales and have a 500 comp delta to our comp performance. this is a story about real estate and geography skmag sure you're in the best centers with your best game. spring said the retailer is adding more employees to some of the stores it's investing in, using ai to improve inventory, and evaluating merchandise, so, there's, quote, variety without redundancy. he's also updating its distribution network. and spring says he's looking at macy's total business, emphasizing what's working. bloomingdale's is coming off several years of record sales, profit, and customer service scores over the last couple of years. blue mercury is on a growth trajectory with 12 quarters of come-store sales growth. this is a good moment where we are very self-aware. spring said the consumer in the u.s. is under pressure, though wanting to enjoy life after the pandemic, but concerned whether it
that leaves about 350 locations left, but is also adding 45 bloomingdale's and blue mercury stores.aid, we're closing underproductive stores that represent 25 act of our gross square footage, but less than 10% of our sales and have a 500 comp delta to our comp performance. this is a story about real estate and geography skmag sure you're in the best centers with your best game. spring said the retailer is adding more employees to some of the stores it's investing in, using ai to improve...
0
0.0
Feb 27, 2024
02/24
by
CNNW
tv
eye 0
favorite 0
quote 0
macy says it is turning its focus to its more successful luxury brands such as bloomingdale's and bluemercury. that would mean building smaller stores away from traditional shopping malls. and shoppers move away from malls. smaller stores are more profitable because they have fewer workers and less merchandise. you can follow me on facebook, instagram, threads x, formerly known as twitter, and on the tiktok at jaketapper, you can follow the show on exit the lead cnn, if you ever, ms an episode of the lead, you can listen to the show whence you get your podcasts. i will be back in just two hours for our special coverage of the mix michigan presidential primary, democratic and republican. until then, the ws continues right now happening now critic, could send a powerful message to president biden. also tonight, shutdown showdown with a deadline approaching president biden meets with congressional well leaders for talks on funding. the government, tightening the border and helping ukraine plus a key witness testifies in the defense effort to remove the da and lead prosecutor in the case against
macy says it is turning its focus to its more successful luxury brands such as bloomingdale's and bluemercury. that would mean building smaller stores away from traditional shopping malls. and shoppers move away from malls. smaller stores are more profitable because they have fewer workers and less merchandise. you can follow me on facebook, instagram, threads x, formerly known as twitter, and on the tiktok at jaketapper, you can follow the show on exit the lead cnn, if you ever, ms an episode...