Delta Galil has named veteran retail exec Tim Baxter as the new CEO of 7 for All Mankind and Splendid. Baxter brings 25 years of experience at Macy's, most recently as the retailer's chief merchandising officer.
Macy's announced Paula Price as its new Chief Financial Officer on Wednesday. Price will lead all finance, accounting, investor relations and internal audit functions and will report to chairman and CEO Jeff Gennette.
Upscale department store operator Nordstrom Inc’s shares dropped more than 7% on Thursday after the retailer reported same-store sales that missed analysts’ estimates, including a weak quarter for its shoe business.
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.
United Parcel Service Inc is taking a page out of a retailer’s playbook, offering discounts on everything from Costco memberships to luxury clothes and Disneyland tickets to loyal customers, UPS said on Wednesday.