Latest news with #AbercrombieKids
Miami Herald
15 hours ago
- Business
- Miami Herald
Macy's partners with major retail clothing brand to win back shoppers
Following a wave of mass store closures and reporting ongoing sales declines, while navigating an uncertain economy, tariffs, and a slowdown in consumer spending, Macy's has unveiled a new strategy to win back shoppers. Macy's is teaming up with Abercrombie & Fitch to bring Abercrombie Kids into its stores nationwide, just in time for back-to-school season shopping. Don't miss the move: Subscribe to TheStreet's free daily newsletter This strategic partnership is a mutually beneficial situation for both retailers, especially as the newly implemented tariffs on foreign imported goods threaten to disrupt supply chains and raise prices. Related: Macy's mass store closing plan could have unexpected benefits With tariffs causing manufacturing expenses to surge, companies are pressured to maintain competitive pricing without compromising value and burdening consumers. As a big-box retailer, Macy's (M) is better equipped to navigate tariffs, since it can secure better pricing, absorb higher import costs, and streamline operations. Such retailers have larger operations and a broader product assortment, allowing them to diversify suppliers. They also buy in bulk, obtaining better pricing and lower shipping costs. More Retail News: Apple announces major store closures and openings worldwideWalmart makes exclusive deal with major brand to compete with rivalsPepsi issues stern message to employees after mass closures Unlike big-box retailers, Abercrombie & Fitch (ANF) is a much smaller retail company. Its costs are therefore much higher, limiting its flexibility amid market disruptions. By partnering with Macy's, Abercrombie & Fitch would gain a new distribution channel, access to lower wholesale costs, more efficient operations, and greater exposure, allowing it to remain competitive in a complicated retail market. Abercrombie Kids is just one of many brands Macy's is spotlighting during the back-to-school season. The retailer is also partnering with other top labels to promote value that better meets consumers' needs during economically uncertain times, while providing them with all the essentials in one place. "From apparel to accessories, this school year Macy's is providing students with the best styles, brands, and value from Nike, Jordan, The North Face, Epic Threads, Abercrombie Kids, and more," said Macy's Editorial Content Director Dana Cohn in a press release. Related: Macy's sits on gold and shareholders are angry These brand partnerships may help Macy's increase in-store traffic, enhance the customer experience, and boost sales as it continues to turn around its business. Macy's announces mass store closures In February 2024, Macy's announced it would gradually close around 150 underperforming stores across the U.S. by 2026 as part of its restructuring plan, "Bold New Chapter," with 66 locations closing this year alone. For the remaining 350 stores, Macy's will redirect its attention to its higher-end, more profitable brands. It will also move away from malls for the next two years and build 30 smaller-concept stores. In the first quarter of 2025, Macy's reported a 5.1% decrease in net sales compared to last year, with comparable sales down 2%. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Forbes
6 days ago
- Business
- Forbes
The Best Back-To-School Sales On Tech, Clothes And Dorm Essentials
With summer flying by, it's nearly time to start gearing up for a new school year. If you need to refresh your kids' clothing and supplies, we've rounded up the best back-to-school sales you can shop right now. No matter your kid's age, there are already some great discounts to shop, including 22% off our favorite backpack for preschoolers, 18% off a pair of Apple AirPods Max Headphones and up to 60% off clothing from Abercrombie Kids. We've rounded up the best back-to-school sales for every age. Illustration: Forbes / Photos: Retailer Ahead, find the best back-to-school sales at a glance—like up to $500 off laptops at Best Buy and up to 80% off dorm room essentials during Wayfair's Black Friday In July sale event—followed by some specific deals you don't want to miss. Here are all of the best discounts across tech, school supplies, dorm essentials and clothing we've found so far. Best Laptop Sale: Take up to $500 off select Windows laptops, up to $150 off a new MacBook and more at Best Buy. Take up to $500 off select Windows laptops, up to $150 off a new MacBook and more at Best Buy. Best Little Kids' Clothing Sale: Save up to 40% on back-to-school outfits at Abercrombie Kids, plus an extra 20% off almost everything. Save up to 40% on back-to-school outfits at Abercrombie Kids, plus an extra 20% off almost everything. Best Dorm Essentials Sale: Shop Wayfair's Black Friday In July sale to save up to 80% on everything you need for a dorm. Shop Wayfair's Black Friday In July sale to save up to 80% on everything you need for a dorm. Best Backpack Sale: Browse a variety of customizable designs at Pottery Barn Kids, like our favorite option for preschoolers, the Mackenzie Backpack. Browse a variety of customizable designs at Pottery Barn Kids, like our favorite option for preschoolers, the Mackenzie Backpack. Best Shoe Sale: Save on hundreds of shoes from brands like Nike, Adidas, Converse and more at Dick's Sporting Goods. Save on hundreds of shoes from brands like Nike, Adidas, Converse and more at Dick's Sporting Goods. Best Dorm Décor Sale: Target is offering discounts on rugs, lights, art and more to decorate a dorm room. Target is offering discounts on rugs, lights, art and more to decorate a dorm room. Best Lunch Box Sale: The maker of our favorite stainless steel lunch box for kids, PlanetBox, is offering up to 50% off lunch boxes and other snacking accessories right now. The maker of our favorite stainless steel lunch box for kids, PlanetBox, is offering up to 50% off lunch boxes and other snacking accessories right now. Best School Supply Sale: Save on notebooks, water bottles, writing tools, planners, tech and more on Amazon. Save on notebooks, water bottles, writing tools, planners, tech and more on Amazon. Best Bedding Sale: The Company Store makes some of our favorite bedding and it's currently offering up to 30% off sitewide. The Company Store makes some of our favorite bedding and it's currently offering up to 30% off sitewide. (SPONSORED) You May Also Like: Save $20 on the Verizon Gizmo Watch 3.
