The new offer values the department store chain at $6.6 billion. Macy’s, which just announced a strategy to turn around its business, said it would “carefully review” the proposal.
Category: Shopping and Retail
-
Shrinkflation 101: The Economics of Smaller Groceries
Have you noticed your grocery products shrinking? Here’s how that gets counted — and what gets missed — in inflation data.
-
Ahead of Paris Fashion Week, Colette Co-Founder Curates Another Retail Space
The founder of the pioneering Parisian concept store curates a new space with Le Bon Marché.
-
Bruce Newman, Leading Man of Antiques, Dies at 94
He oversaw Newel Galleries and its over-the-top treasures that embellished Broadway and Hollywood sets and the living rooms of movie stars and a first lady.
-
Levi’s Wants You to Rethink Your Denim Shopping
Under a new chief executive, the brand known for jeans is aiming to be a full outfitter, working primarily through its own stores and e-commerce.
-
Macy’s Will Close 150 Stores but Expand Bloomingdale’s and Bluemercury
The retailer, under a new chief executive and facing a takeover bid, outlined a three-year strategy to achieve “sustainable, profitable growth.”
-
Trans Women and Cross-Dressers Found a Haven in Michael Salem’s Boutique
Michael Salem built a retail business by selling to customers like male cross-dressers and transgender women at a time when serving both was more taboo.
-
F.T.C. Sues to Block Kroger-Albertsons Grocery Store Deal
The regulator is trying to stop the largest supermarket merger in history, arguing that the deal would eliminate competition and raise prices for consumers.
-
Trader Joe’s Is Coming to Springfield. Just Not That Springfield.
Residents in Springfield, Mo., had asked for a Trader Joe’s for years. Just as they thought they were finally getting one, their hopes were dashed.
-
Walmart Reports Rising Holiday Sales as Shoppers Seek Value
The number of transactions at the retail giant rose 4.3 percent but the average ticket price decreased by 0.3 percent, a sign that shoppers spent a little less during shopping trips.
-
Low Prices Lure Hong Kongers to China
Hong Kong residents are finding in Shenzhen, the mainland city next door, lower prices, better service and tasty cuisine.
-
How Acne Studios’s Scarf Inspired One of the Biggest Winter Fashion Trends
A style introduced by Acne Studios has spawned one of the biggest winter gear fads in recent memory.