Connect with us

Headlines

Macy’s to Focus More on Jewelry

At the same time, it will eliminate dozens of executive jobs.

mm

Published

on

Macy’s plans to focus more on fine jewelry and several other categories, including beauty, shoes and dresses, as it seeks to increase profits, USA Today reports.

The company also plans to eliminate approximately 100 executive jobs.

Video: How to Find a Good Manager for Your Jewelry Store
Jimmy Degroot

Video: How to Find a Good Manager for Your Jewelry Store

Video: Sharpen Your Bridal Jewelry Presentations
Jimmy Degroot

Video: Sharpen Your Bridal Jewelry Presentations

Video: Maximize on the Opportunities That 2020 Brought the Jewelry Industry
Jimmy Degroot

Video: Maximize on the Opportunities That 2020 Brought the Jewelry Industry

The planned changes come after a “disappointing holiday season” for the retailer, USA Today notes.

Macy’s Chairman and CEO Jeff Gennette was quoted saying, “The steps we are announcing to further streamline our management structure will allow us to move faster, reduce costs and be more responsive to changing customer expectations.”

Through the job eliminations and other streamlining efforts, the company expects to save $100 million per year.

Advertisement

At the same time, the company continues to boost its digital platform, according to USA Today.

The company’s online sales have grown by double digits for 38 consecutive quarters.

Read more at the USA Today

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | C. Aaron Peñaloza Jewelers

Wilkerson Paves the Way for the Future

After serving the San Antonio, Texas community for decades, C. Aaron Peñaloza Jewelers closed its doors earlier this year. Aaron and Mary Peñaloza, the store’s owners, chose Wilkerson to handle their retirement sale. “In the first six days, we did six months’ worth of business,” says Aaron. “In the first three weeks, we did a year’s worth of business.” Mary Peñaloza says Wilkerson’s ability to tailor the sale to their store’s requirements really made it all so much easier. “They are professionals,” she says. “They know what they’re doing. They have a plan, but they will listen to you and adjust that plan to your needs.”

Promoted Headlines

Most Popular