Macy's Inc

Shoppers walk in front of a Kohl's store in Mount Kisco, New York.Scott Mlyn | CNBCKohl's said Tuesday that it's teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country.The retailer struck a licensing deal with WHP Global, a brand management firm with a portfolio that includes Bonobos, Joe's Jeans and Anne Klein. The two companies did not disclose the terms of the agreement.Kohl's said the first Babies R Us shops will open this August and expand…

In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime "queenpin" had built an empire.Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics that had been stolen from Ulta and Sephora stores across the country, authorities said. Police don't suspect that Mack, 53, took the items herself. Instead, they say, she pulled the strings from the shadows, employing a network of around a dozen women who stole the…

A Portillo's Beef Bus in Kissimmee, Florida.Source: Portillo'sWhen Chicago-based Portillo's enters a new market, it sends its "Beef Bus" ahead of time, slinging its hot dogs and Italian beef sandwiches to new customers for weeks, introducing them to the brand and whetting their appetites before a new restaurant finally opens.Recently, the Beef Bus has been making a lot of trips to the Sun Belt."Texas, by itself, has grown more people in the last decade than eight midwestern states that we have a presence in combined,"…

People shop at the Macy's store on Herald Square on January 19, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesAs Macy's chases sales growth, the department store operator said Tuesday that it will close about 150 of its namesake stores and open more shops with better locations or a luxury focus.The changes reflect a focus on what's working at Macy's — higher-end department store Bloomingdale's and beauty chain Bluemercury — and what's not — its namesake stores, particularly the ones at…

The Macy's logo is seen at its store in Herald Square in New York City on Jan. 19, 2024.Michael M. Santiago | Getty ImagesMacy's on Tuesday said sales fell nearly 2% in the holiday quarter, as the 166-year-old department store operator unveiled its strategy to get back to growth. The retailer said it expects sales to remain stagnant. It projected net sales of between $22.2 billion to $22.9 billion for this fiscal year, down from $23.09 billion in 2023. It anticipates comparable sales, which take out the impact of store…

Customers visit the Macy's Herald Square store in New York City on Dec. 17, 2023.Kena Betancur | Corbis News | Getty ImagesInvestment firm Arkhouse Management has launched a proxy fight at Macy's, nominating a slate of nine directors for election to the department store's board.Macy's on Tuesday confirmed that it had received notice of the nominations from Arkhouse, which made an unsolicited $21-a-share bid for the company in December. Macy's board rejected that $5.8 billion offer and questioned the status of Arkhouse's…

Mathisworks | Digitalvision Vectors | Getty ImagesCorporate America has a message for Wall Street: It's serious about cutting costs this year.From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker Mattel, PayPal, Cisco, Nike, Estée Lauder and Levi Strauss are just a few of the firms that have cut jobs in recent weeks.Department store retailer Macy's said it will close five…

Tony Spring speaks at an event unveiling the Macy's new women's apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale's and begins as Macy's CEO in February 2024, succeeding longtime Macy's CEO Jeff Gennette, right.Melissa Repko | CNBCInside its headquarters in New York City's Herald Square, Macy's got ready to unveil its newest women's clothing brand. Its incoming CEO Tony Spring prepared for his own reveal.Spring took the stage in mid-July in front of fashion influencers, reporters and Macy's employees,…

Arkhouse has the financing in place to take Macy's private at a bid of $5.8 billion, managing partner Gavriel Kahane told CNBC Thursday, but the activist investor has run into roadblocks without the department store retailer's cooperation on due diligence. "At this stage, based on public information, there isn't a bank in the world that would give you committed financing, and that's just par for the course," Kahane said on CNBC's "Money Movers." He added that management's response in the coming days and weeks would…

Michelle Gass, chief executive officer of Kohls Corp., stands for a photograph at the National Retail Federation Inc. (NRF) annual Honors in New York, U.S., on Sunday, Jan. 12, 2020.Bess Adler | Bloomberg | Getty ImagesTurnover in C-suites spiked across industries last year — and in retail in particular.Next week, new CEOs will take over at both Levi Strauss and Macy's, from their current offices elsewhere in the companies. But turnover in corner offices goes well beyond those big names.Last year, U.S. companies announced…