5 result(s) displayed (1 - 5 of 5):

Macy's continues search for the perfect fit (from Corporate Dealmaker)

Macy's Inc. reported a first-quarter loss of $88 million compared to a loss of $59 million a year earlier. With consumers still spending cautiously, sales were off 9.5%. The results reflect the gloomy retail environment, but also show that four years after paying $18 billion for rival May Department Stores...

Posted on May 13, 2009 4:34 PM

Bold moves by Macy's Lundgren (from Corporate Dealmaker)

It's a brutal market for department stores, but that hasn't stopped Macy's Inc. chief executive Terry Lundgren from pursuing a medley of growth strategies. The latest, to launch on Tuesday, is an alliance with the Tommy Hilfiger Group, in which Macy's will become the only U.S. department store to sell...

Posted on September 8, 2008 9:37 AM

Federated, Talbots seeking growth amid shrinking sales (from Corporate Dealmaker)

Gap Inc., Saks Inc., acquisition target Children's Place Retail Stores Inc. and a rash of other clothing retailers will announce earnings the week of May 19, and with consumers tightening budgets, expectations are low. Already Talbots Inc. reported a 10% decline in comparable store sales in the first quarter, and Federated...

Posted on May 16, 2008 10:01 AM

Shedding layers at Macy's (from Corporate Dealmaker)

Nearly two-and-a-half years after Federated Department Stores, now Macy's Inc., acquired rival May Department Store Co. for $18 billion, CEO Terry Lundgren continues efforts to streamline the business with plans to shutter three of six regional offices. While the move will result in job losses, it's a good bet that...

Posted on February 6, 2008 5:05 PM

Changing times (from Corporate Dealmaker)

Department stores no longer seem to work as local businesses. Federated's Terry Lundgren has bet $16 billion he can make them work nationally.

Posted on December 15, 2005 5:21 PM