Macy’s raised its full-year profit forecast on Wednesday and reported better-than-expected quarterly and same-store sales, helped by strong international tourism, a new loyalty program and a greater product assortment.
Macy's owned Bluemercury is growing as its parent company stumbles in the retail game. While the department store is closing 68 of its own stores, it plans to open 50 Bluemercury shops within the year.
The retailer reported sales struggles in the third quarter due to a slowdown of international customers. Lundgren, the company Chairman and CEO, shared plans to turn business around as early as this fall.
The American specialty retailer of children’s apparel and accessories has appointed Marla Malcolm Beck, fouder and CEO of Macy's Inc.'s Bluemercury, to the company's board of directors, effective immediately.