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Macy’s China stopped taking orders on Tmall this week and will close its operations by the end of the month. The US department store business said it chose not to renew the contract with Alibaba’s Tmall which ends on December 31. “We sincerely thank you for…
US department store retailer Macy’s has teamed up with Facebook to bring 150 e-commerce brands and digital native brands on Facebook and Instagram into its retail stores ahead of the holidays. Macy’s has launched The Market @ Macy’s, a pop-up marketplace…
“Healthy” physical store sales for US department store have exceeded expectations, prompting the retail giant to lift its business outlook for the year. Macy’s posted an overall sales increase of 3.6 per cent increase for the quarter compared to the same…
British retailer JD Sports Fashion is to pay US$558 million to acquire America’s Finish Line, one of the country’s largest upmarket sportswear chains. Finish Line, whose sales reached $1.84 billion in the year to March 3, is listed on the Nasdaq. It sells…
While the latest Macy’s sales figures do not suggest there is a miracle on 34th Street – or at any other Macy’s location – they do provide a little cheer. Comparable sales are now positive after an extended period of decline, meaning Macy’s gets to end its…
Macy’s has launched what it describes as a “modest clothing brand” – the Verona Collection – targeting Muslims and women seeking conservative styling. The brand was founded by Lisa Vogl and finds its way onto Macy’s online store this month after Vogl…
Brands have been paying attention to Muslim women as they often set up new trends in their own communities. Recently, different brands have launched products to target them, and even cosmetics brands have been shifting their production towards halal…
Macy’s, the iconic US bricks-and-mortar retailer, has taken a digital-first approach in its effort to crack the complicated China market by using innovative virtual reality and influencer strategies. “When we came into China, we started digital first, and we…
US department store retailer Macy’s has reported positive sales for the festive trading season, after improved sales on and offline. Macy’s comparable sales on an owned basis increased 1.0 percent in the months of November and December 2017 combined, compared…
Department store chain Macy’s has posted disappointing third quarter earnings, but tighter inventory controls has helped boost profit margins for the retailer. Macy’s posted a drop in sales of 6.1 per cent from $5.6 billion to $5.3 billion. Comparable store…
Lucy Kruse loved the smell of perfume enveloping her as she entered the department stores of her youth. She remembers trying on soft leather gloves, and following a splash of color to the store’s elaborate hats with their feathers and veils. At Sakowitz in…
Women’s fashion retailer BCBG Max Azria plans to close some of its stores to focus more on eCommerce, licensing and wholesaling. “BCBG has been negatively impacted by the growth in online sales and shifts in customer shopping patterns, and as a result has too…
American retail giant Macy’s Inc. has announced the closure of 68 stores as part of a plan to streamline its store portfolio and increase cost efficiency. The measures, which have already seen three stores close and will see a further 63 closed by early…
Nearly 156 million people — or 66 percent of Americans — plan to or are considering taking advantage of Saturday sales to complete their holiday gift lists, according to a survey released Friday by the National Retail Federation and Prosper Insights &…
Cross-border eCommerce (CBEC) is set to skyrocket in China according to a new report from international think tank Fung Global Retail & Technology. To capitalise on this, international retailers need to complement their existing expansion strategy with online…
Alibaba Group says more than US$7 billion (RMB 47.5 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba’s China and international retail marketplaces within the first two hours of the 2016 11.11 Global Shopping Festival. And more…
