Tag: price pressure

Macy’s betting on discount brand at mall near you | recordonline.com

Macy’s betting on discount brand at mall near you | recordonline.com

TOWN OF WALLKILL – Orange Plaza Marshalls, meet the Galleria at Crystal Run Macy’s – the new-old competitor nearby that’s stealing pages from your playbook. Come April 14, Macy’s will expand its off-price brand, Macy’s Backstage, carving out 20,200-square-feet on its second-floor to create a new store-within-a-store. The new offering represents a major effort by […]

Macy’s (M) Sharpens Edge, to Roll Out Mobile Checkout Option | Nasdaq.com

Macy’s (M) Sharpens Edge, to Roll Out Mobile Checkout Option | Nasdaq.com

Additionally, Macy’s is in the process of launching an advanced reality shopping experience to sell furniture. Through this platform customers are likely to virtually place the furniture in their room to see how it fits before the purchase. Macy’s CEO Jeff Gennette stated that “Like a lot of brands, we’ve experimented with VR in a […]

Can an Off-Price Strategy Help Macy’s Inc Steal Shopping Dollars From TJX? | Madison

Can an Off-Price Strategy Help Macy’s Inc Steal Shopping Dollars From TJX? | Madison

If imitation is the sincerest form of flattery, then TJX Companies (NYSE: TJX) is probably smiling at the compliment Macy’s (NYSE: M) is paying. The department store chain has already said it views its off-price rival, not Amazon, as its biggest threat. Macy’s now intends on copying what TJX has achieved with T.J. Maxx and […]

Hudson’s Bay weighed down by Saks Fifth Avenue, outlet stores | Retail Dive

Hudson’s Bay weighed down by Saks Fifth Avenue, outlet stores | Retail Dive

Going forward, the retail company is focusing on well performing segments like dresses and active wear, and adding new categories, like toys, to its home goods assortment (something Macy’s is also doing in its holiday Backstage pop-ups in full-line stores) and offering exclusive items. To help Saks Fifth Avenue maintain higher prices and margins, the company is […]

Pricing News Daily > 10/6/14

Pricing News Daily > 10/6/14

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Asia Pricing Professionals Asia Pricing Professionals (APP) is a not-for-profit community of pricing management practitioners. Our key objective is to raise the […]