Macy's Inc. - M STOCK NEWS

Macy’s, Inc. (NYSE: M) is set to open a new 1.4 million-square-foot fulfillment center in China Grove, North Carolina, in 2024, aiming to enhance its omnichannel business capabilities. The facility will employ nearly 2,800 workers and represents a $584 million investment. Once operational, it will account for approximately 30% of Macy’s digital supply chain capacity, featuring advanced automation technology for increased productivity. This initiative is part of a broader strategy to bolster Macy’s digital sales growth and strengthen its position as a leading omnichannel retailer.

Macy's, Inc. (NYSE: M) has appointed Marie Chandoha and Jill Granoff to its board of directors, effective April 1, 2022. Chandoha, with over 35 years in financial services, previously served as CEO of Charles Schwab Investment Management, while Granoff brings 30 years of experience in consumer-driven companies, notably at Eurazeo and Vince. These appointments aim to enhance the board's expertise aligning with the Polaris growth strategy to drive shareholder value and respond to evolving consumer needs.

Macy's has partnered with Colombian artist Maluma to launch an exclusive fashion collection called Royalty by Maluma. This collection is designed for both men and women, featuring versatile styles and sizes ranging from XS to XXL, with prices between $39.50 and $179.00. Emphasizing inclusivity, shoppers can mix and match designs from both collections. Maluma aims to inspire personal expression through fashion, reflecting his Latin heritage, and intends this to be the first of multiple drops in the collection.

Macy’s (NYSE: M) announced that CFO Adrian Mitchell will participate in a fireside chat at J.P. Morgan’s 8th Annual Retail Round-Up on April 7, 2022, at 8:00 a.m. EDT. A live webcast will be accessible on the investor relations section of the Macy’s website, with a recording available post-event. Macy’s is a leading retailer, known for quality brands at great values, including its iconic nameplates like Macy’s, Bloomingdale’s, and Bluemercury, and operates a significant e-commerce business.

Macy’s (NYSE: M) announced plans to expand its Backstage locations across the U.S. this spring, starting April 9 and continuing through June 2022. The retailer will open 37 new store-within-store Backstage locations, providing significant savings on on-trend merchandise. Flagship stores in Chicago and New York City will feature new Backstage locations, with Chicago opening April 9 and New York in May. This expansion aims to meet changing consumer demands and includes hiring new staff across various positions.

Macy’s has launched the 'Own Your Style' hub, celebrating spring fashion with curated looks from its Fashion Office experts. The hub features new collections from notable collaborations, including Royalty by Maluma and Jeannie Mai x INC. The spring trends focus on nostalgia, pastels, and vibrant yellows. Notably, Macy’s is promoting women's empowerment through a charitable campaign supporting Girls Inc. Additionally, the 'Pass the Style' film showcases individuality in fashion, promoting a blend of various styles and confidence for shoppers. The collections cater to diverse sizing and include a digital shopping experience.

Macy’s has launched a new brand platform, Own Your Style, aimed at enhancing customer individuality through fashion. This initiative is part of the company's Polaris strategy and will roll out in March across various customer touchpoints, including macys.com and its stores. The platform will provide curated products and personalized recommendations. Additionally, Macy’s is reintroducing the Style Crew, a team of fashion experts to guide customers in their shopping journeys, aiming to create a more engaging and tailored shopping experience.

Macy’s, Inc. (NYSE: M) has appointed Emily Erusha-Hilleque as senior vice president for private brands. She will oversee the design organization for private brands, including apparel and home design, aligning with Macy’s merchandising and sourcing teams. Nata Dvir, chief merchandising officer, highlighted Erusha-Hilleque’s experience in driving successful product designs and her role in enhancing the company’s private brand strategy. Previously at Target, she led the launch of the WILD FABLE private label. Erusha-Hilleque expressed enthusiasm for driving Macy’s private brands transformation.

Nicole Williams English, a celebrity designer, has launched a new collection in collaboration with bar III at Macy's. This collection, designed by Reunited Clothing, features 19 trend-forward spring styles, priced between $49.50 and $99.50, available in sizes XXS to XXL. Key pieces include oversized blazers and dresses, all crafted to blend seamlessly into everyday wardrobes. Macy's aims to enhance customer access to Williams' unique style and vision through this collaboration.