Macy's relies on high-income shoppers at Bloomingdale's.
2 reports, 2 independent
Updated Oct 13
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What happened
Macy's relies on high-income shoppers at Bloomingdale's.
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Part of
Macy's Inc. is returning to the department store business after a 60-year hiatus, operating through core brands including Bluemercury.Also in this story
- L'Oréal acquired Kering Beauté and secured fragrance licenses for Bottega Veneta and Balenciaga, while Macy's named Alex Choueiri CEO of Bluemercury.
- Macy's Inc. owns Macy's Retail Holdings LLC.
- Fitch assigned a BBB- rating to Macy's notes as Bluemercury was assessed in the context of Macy's overall business strategy.
Coverage
Newest first; wire copies grouped- aol.com
- The Daily UpsideMacy’s Makeover Smoothes Out Earnings-Related Worry Lines for Investors Macy’s had a small miracle on 34th Street: Its same-store sales rose last quarter for the first time in three years. Investors