Tag Archives: Macy’s

J.C. Penney Appeals Decision in Macy’s Suit

JCPenney

NEW YORK-J.C. Penney said it is appealing the New York State Supreme Court’s ruling in favor of Macy’s, in the lawsuit regarding J.C. Penney’s agreement for a Martha Stewart-branded line of home goods with Martha Stewart Living Omnimedia (MSLO). On June 16, State Supreme Court Justice Jeffrey Oing said that agreement “tortiously interfered” with theMore »

Starbucks Exec Joins Macy’s Board

Annie Young-Scrivner

CINCINNATI-Annie Young-Scrivner, executive vice president of Starbucks Coffee Co. and president of its Teavana business, has been elected to the Macy’s board of directors. Young-Scrivner’s election brings the size of Macy’s board to 11 members. She has served in several key Starbucks roles since 2009, including president of Starbucks Canada, president of Tazo Tea andMore »

Macy’s Rolls Out Kathy Ireland Rugs from Nourison

The exclusive Ephesus line is now being rolled out at Macy's.

SADDLE BROOK, N.J.–Macy’s is rolling out two collections of kathy ireland Home by Nourison, including an exclusive collection, Ephesus. The brand will be represented in 170 Macy’s locations, as well as on Macys.com. Ephesus is a densely power-loomed collection that features classic Persian rugs in timeless color palettes. In addition, key stores will carry theMore »

Judge: JCP Interfered with Macy’s-MSLO Agreement

JCPenney

NEW YORK-The New York State Supreme Court Justice hearing the lawsuit by Macy’s against J.C. Penney and Martha Stewart Living Omnimedia (MSLO) has ruled that J.C. Penney “tortiously interfered” with the agreement between Macy’s and MSLO. In the 63-page ruling, Justice Oing said Macy’s had proven that it had a valid contract with MSLO forMore »

Macy’s Q1 Net Up, Sales Down

Macy’s Inc.

CINCINNATI-In spite of a drop in sales, Macy’s managed to raise its first-quarter net income by 3.2 percent, to $224 million. An improvement in gross margin and reductions in expenses keyed the bottom-line pickup in the quarter, which ended on May 3. Gross margin increased by 10 basis points to 38.9 percent. Selling, general andMore »

Macy’s Debuts “American Icons” Campaign

Macy's American Icons

NEW YORK-Beginning on May 14, Macy’s will reprise its American Icons campaign nationwide, which pays homage to the country through specially curated merchandise, launch parties, local country fairs, minor-league baseball events, grilling competitions, a patriotic sweepstakes and a fundraising program to benefit Got Your 6 and veterans causes. The merchandise includes home products and apparelMore »

Macy’s Tabs Gennette as President

Jeff Gennette

CINCINNATI-Jeff Gennette, who has been Macy’s chief merchandising officer for the past five years, has been promoted to president of the department store retailer, effective immediately. Gennette reports to Terry Lundgren, who remains chairman and CEO, and who previously held the title of president. In his new role, he retains his day-to-day responsibility over Macy’sMore »