We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Sep 29, 20205:24am

Macy’s explores new retail concepts and opens new cosmetic store in Texas

Department stores are devoted to try new store concepts inspired by an apothecary and in line with its Story spaces. Its first opening will be in Texas.

Feb 3, 2020 — 6:03pm
MDS
Save

Macy’s explores new retail concepts and opens new cosmetic store in Texas

 

 

Macy’s continues to explore new concepts following the Retail Apocalypse. The department store chain prepares the opening of a new space in Texas inspired by an apothecary, which will include a coffee area and a beauty section, as reported by WWD.

 

The concept store will follow the Story format, the cosmetic chain that the group acquired last in 2018 and which alreadyhas 36 spaces in the department stores.

 

 

 

 

After the entry of Nata Dvir, vice president and general director of beauty, Macy’s has

increased its digital presence and collaborations in this segment. This movement comes after a restructuring process of the company, which involved the dismissal of 10,000 workers and the closure of 29 stores.

 

The US department store group ended the fiscal year of 2018, (ended February 3, 2019) with a profit of 1,1 billion dollars, a drop of 29.3% compared to 2017. The company’s sales fell by 0.6% between November and December, a time of the year in which the company’s revenue usually rocket.

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...