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LexMacy's Inc
Macy’s turnaround plan won’t recapture the old magic Premium content
...The plan, dubbed “A Bold New Chapter”, will see Macy’s close 150, or 30 per cent, of its namesake stores....
February 28, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
April 5, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Macy's Inc
Miracle on 34th St?
...its flagship store....
December 12, 2023
John Gapper
Rejoice that Santa Claus gives prime delivery to everyone
...There used to be a Santa Express Lane at Macy’s department store on 34th Street in Manhattan....
December 23, 2023
JD Sports Fashion PLC
JD Sports to deepen US reach with $1bn bid for Hibbett
...Hibbett’s share of 80 per cent stores with street locations fitted well with JDs other brands in the US, which were predominantly destination stores, said Schultz....
April 23, 2024
Moral Money
Sustainable investors confront political uncertainty Premium content
...(Patrick Temple-West) Smart read I recommend Kenza Bryan’s article with our colleague Joe Daniels, reporting from Georgetown, Guyana, about the country’s carbon credits....
January 26, 2024
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
Unhedged
Anatomy of a slowdown Premium content
...operator Macy’s said last week: “The consumer is still under pressure, that is nothing new on that.”...
November 20, 2023
Walmart Inc
Walmart tumbles 8% on cautious holiday outlook for consumer spending
...Meanwhile, Macy’s, the US department store chain, reported strong results on Thursday. Its shares closed up 5.7 per cent in New York....
November 16, 2023
Disrupted Times
Brussels blasts Big Tech
...West coast editor Richard Waters says the magnitude of the EU’s giant test in micromanagement is hard to overstate....
March 25, 2024
LexMacy's Inc
Macy’s: department store operator faces uphill climb Premium content
...Investors were in an ebullient mood on Thursday after Macy’s delivered better than expected results. They should not give the US department store operator too much credit. The bar was low....
March 2, 2023
Scoreboard
Hollywood comes for Formula One Premium content
...Beth Goldstein, a footwear industry analyst at Circana, told Scoreboard that in the US, family footwear retailers (like DSW) and major department stores (like Macy’s) have been losing market share for several...
July 1, 2023
Personal Finance
Is it too late to invest in the gold rush?
...“It’s the dollar losing utility as an asset to store trade surpluses,” says John Hathaway, managing partner of Sprott Inc, a Canadian asset manager specialising in metals....
April 26, 2024
Europe Express
Why app developers think the EU’s first ever Apple fine is ‘a joke’ Premium content
...Among its 34 victims were the chairmen of Deutsche Bank and Dresdner Bank, West Germany’s federal prosecutor, senior diplomats, soldiers and politicians....
March 4, 2024
InterviewTheatre
Kim’s Convenience writer Ins Choi: ‘I want a broad audience to see Asians as normal people’
...More cynical attitudes to money, religion and generational trauma loom over other East Asian hits, even as the region’s cultural exports have exploded in the west....
January 8, 2024
News in-depthNikkei Asia
Chinese bottled water giant Nongfu Spring under fire from nationalists
...., China’s influencers put lid on anti-West rhetoric...
March 20, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
Retail & Consumer industry
Foot Locker cuts outlook with warning on consumer spending and theft
...Macy’s on Tuesday said it would take “a cautious view on the consumer and their capacity to spend on the discretionary categories we sell” and reported it had offered large discounts to clear inventory....
August 23, 2023
The Week Ahead
UK Autumn Statement, Black Friday heralds holiday retail binge
...One of the highlights of my five years as an ex-pat living in Manhattan’s Upper West Side was watching the Macy’s Parade giant balloons being inflated on Central Park West....
November 19, 2023
Commercial property
Wells Fargo to pay $550mn for Neiman Marcus’s empty space at Hudson Yards
...When it committed to a 50-year lease in 2014, Neiman was supposed to be the retail centrepiece for the $25bn mixed-use development on the far west side of Manhattan....
September 27, 2023
Watches & Jewellery
Montblanc high-end pens underline its credentials as luxury brand
...Chopard has a corner of London department store Harrods dedicated to its accessory line....
November 17, 2023
Nike Inc
Nike races to keep from losing ground to more nimble rivals
...The changes were made in part to accelerate Nike’s transition away from relying primarily on selling its products through retail stores towards selling more directly to consumers, especially online....
January 13, 2024
UnhedgedRobert Armstrong
Beyond Bed and Bath Premium content
...But Macy’s, Foot Locker and Nordstrom are trickier....
April 24, 2023
Sexual misconduct allegations
New York law unleashes ‘avalanche’ of historic sexual abuse claims
...She alleges that when she brought in a young Kanye West to audition for Reid, he passed on the rapper and “proceeded to berate” Dixon about the “waste of his time”....
November 23, 2023
On Wall StreetMark Vandevelde
Buffett’s intriguing bet on Japan
...For much of that time, its central bankers have tried to kindle the kind of low but steady inflation that propelled economies in the industrial west....
May 27, 2023
LexMacy's Inc
Macy’s: do not bet on revenge spending boost to last Premium content
...Macy’s is no LVMH or Gucci. Its stores remain a squarely mid-market proposition. That is a tough place to be, especially when many stores are located in malls....
May 26, 2022
FirstFT
FirstFT: CRH delivers fresh blow to London’s capital market
...Results: Department stores Macy’s and Nordstrom as well as Kroger, Best Buy and Costco. From tech, Hewlett-Packard and Broadcom. Thanks for all the feedback on FirstFT’s new look so far....
March 2, 2023

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