Macy’s Texas.jpg” />

American department store chain Macy’s is embarking on a programme aimed at restructuring its merchandising operations, resulting in 100 job cuts.

The company also intends to enhance its consumer insight and data analytics capabilities in an attempt to improve its performance.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Macy’s expects one-time costs between $20m and $25m towards the implementation of the programme. The costs are to be booked in the third quarter of this year.

Macy’s CEO Jeff Gennette said: “The changes we are making today maintain our core merchandising skills while massively simplifying our structure and processes for greater speed and flexibility."

Under the programme, the retailer is looking to consolidate three functions, namely merchandising; planning and private brands, into a unified merchandising function.

See Also:

“The changes we are making today maintain our core merchandising skills while massively simplifying our structure and processes for greater speed and flexibility."

The company will also integrate inventory replenishment and pricing capabilities into the new merchandising structure.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Gennette added: “Having a single lens for each family-of-business will allow us to expedite our strategy of delivering this edited, elevated and exclusive assortment to our best customers. To achieve this, we will aggressively grow our private brands while also offering the best national brands.”

Through the streamlining initiative, the company aims to achieve $30m per annum in savings, which is expected to be invested back into business operations.

The company currently operates more than 700 department stores under Macy’s and Bloomingdale’s brands, along with 150 speciality stores comprising Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage.

Image: Macy's in Fairview, TX. Photo: courtesy of Jonesdr77 (talk) via Wikipedia.