Macys consolidating operations

05-Dec-2019 21:08

Online stores such as macys.com, and Wedding Channel.com, as well as a wide range of behind-the-scenes logistics and data warehouse systems, are all supported by MST's scalable architecture, which focuses on high-volume transactions and high-speed order fulfillment.

Macy's also benefits from MST's efforts in e-commerce.

Macy's, which operates the upscale Bloomingdale's chain as well as its namesake Macy's department stores, estimated that 80 percent of the fall was due to unusually warm weather, which discouraged purchases of sweaters, coats and gloves.

It also blamed the strong dollar for keeping tourists from visiting the United States and spending money at its flagship stores.

, the Macy's division operates 728 department store locations in the continental United States, Hawaii, Puerto Rico, and Guam, including the Herald Square flagship location in Midtown Manhattan, New York City.

Macy's cut its earnings forecast for the full year to end-January to .85-.90 per share, excluding charges associated with the cost-savings program, from its previous forecast of .20 to .30 per share.

Lundgren, chairman and chief executive officer of Macy’s, Inc.

“The cost efficiencies represent more than two-thirds of our goal of annual SG&A expense reduction of 0 million, net of growth initiatives, from previously planned levels by 2018.

The value of Herald Square has been estimated at around billion.

Macy's was founded by Rowland Hussey Macy, who between 18 opened four retail dry goods stores, including the original Macy's store in downtown Haverhill, Massachusetts, established in 1851 to serve the mill industry employees of the area. Macy moved to New York City in 1858 and established a new store named "R. Macy & Co." on Sixth Avenue between 13th and 14th Streets, which was far north of where other dry goods stores were at the time.

Macy's cut its earnings forecast for the full year to end-January to .85-.90 per share, excluding charges associated with the cost-savings program, from its previous forecast of .20 to .30 per share.Lundgren, chairman and chief executive officer of Macy’s, Inc.“The cost efficiencies represent more than two-thirds of our goal of annual SG&A expense reduction of 0 million, net of growth initiatives, from previously planned levels by 2018.The value of Herald Square has been estimated at around billion.Macy's was founded by Rowland Hussey Macy, who between 18 opened four retail dry goods stores, including the original Macy's store in downtown Haverhill, Massachusetts, established in 1851 to serve the mill industry employees of the area. Macy moved to New York City in 1858 and established a new store named "R. Macy & Co." on Sixth Avenue between 13th and 14th Streets, which was far north of where other dry goods stores were at the time.Macy's Herald Square is one of the largest department stores in the world.