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Macy’s raises annual forecast as shoppers return to stores

Retail Wire

has raised its annual sales and earnings forecast based on a number of factors: stores operating on pre-pandemic terms, pent up shopping demand, increased disposable income and optimism around personal finances and the direction of the U.S. The department store operator announced that same-store sales jumped 63.9

Returns 100
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How Natori Used AI to Sharpen Retargeting and Achieve a 943% ROAS

Retail TouchPoints

For example, by specifically retargeting those customers who had added to their online carts over the previous 30 days, and spotlighting the specific items they had browsed or put into their carts, Natori achieved a Return on Ad Spend (ROAS) of 943% in Q3 2023. It all began with Josie creating lingerie on her living room floor.)

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Macy’s Cuts 3,900 Corporate Jobs In Cost Restructuring Effort

Retail TouchPoints

The retailer expects that most of its furloughed employees will return to work beginning July 5. The coronavirus’ impact has forced several department store retailers into Chapter 11 bankruptcy and even liquidation in 2020, including JCPenney , Neiman Marcus and Lord & T aylor.

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Retail appointments of the week

Inside Retail

While I am disappointed the group has not returned to growth under my leadership, I am proud of the progress we have made towards achieving our strategic objectives,” said Ilczynski. “I I believe the group is positioned for success, with highly-capable executive teams across both marketplaces and a clear focus.”

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It’s not e-commerce anymore – it’s just commerce

Inside Retail

Secondly, having a strong e-commerce channel enables customers to find products online that they may have struggled to locate in-store. We believe the retailers that will genuinely thrive tomorrow will understand that success requires agility across the entire organisation, not just in a specific channel.