Latest news with #Macy's
Axios
2 hours ago
- Entertainment
- Axios
Philly's iconic holiday light show at the Wanamaker is back on — for now
The Wanamaker Building is being transformed into a pop-up performing arts space this fall, guaranteeing the return of one of Philly's most cherished holiday traditions for at least one more year. Why it matters: The future of the holiday lights show and Dickens Village was in doubt after Macy's closed its flagship Center City store in the spring. Driving the news: The building's new developer, New York-based TF Cornerstone, is partnering with Opera Philadelphia on a new "Pipe Up" series that'll bring a lineup of performers to the historic Wanaker Grand Court over four months in the fall, starting in September. The Wyncote Foundation has given $1 million to help fund the programming, which will center around the historic Wanamaker Grand Court Organ. Context: Considered the world's biggest functioning pipe organ, the instrument was originally built in 1904 for the St. Louis World's Fair — and found new life as a centerpiece in the Wanamaker Building. Fun fact: It took 13 freight cars to transport the organ from St. Louis and two years to assemble it here. Flashback: Played twice a day while Macy's was open, the organ was a huge draw for people flocking to Philly's annual holiday light show. What's ahead: A Sept. 7 kickoff concert, "Meet me at the Eagle," which will include appearances from BalletX, the Bearded Ladies Cabaret and Grammy-nominated composer Nathalie Joachim. In early 2026, TF Cornerstone will begin construction on a two-year project to bring 600 new loft-style apartments to the building.
CBS News
4 hours ago
- Business
- CBS News
Watch live: What's next for Wanamaker Organ at the former Philadelphia Macy's store?
It's Christmas in July, and what better place to celebrate it than the Wanamaker Building, home of Philadelphia's best-known holiday events? At 10 a.m., several local officials are gathering at the building on Market Street for "a special announcement about the future of some of Philadelphia's most beloved holiday traditions." CBS News Philadelphia will livestream this announcement. You can watch in the player above or anywhere else CBS News Philadelphia is streaming. The heads of the Philadelphia Visitor Center and Opera Philadelphia will be there, as will the Executive Director of the Friends of the Wanamaker Organ and Councilmember Mark Squilla. The organ and Grand Court, which features a one-ton bronze statue of a perched eagle, are designated National Historic Landmarks and are also on the Philadelphia Register of Historic Places — they are required to be preserved. The building is well known for its Christmas Light Show narrated by Julie Andrews, and the Dickens Village walk-through display that Macy's had acquired from Strawbridge's. TF Cornerstone, a New York-based developer, previously announced plans to build 600 loft-style apartments above the retail space in the Wanamaker Building. Once the home of Wanamaker's department store, the retail area was most recently occupied by Macy's before the company announced in January 2025 that it would be closing the store. The Philadelphia Visitor Center and Friends of the Wanamaker Organ have been collecting donations in order to install, operate and staff the light show and Dickens Village for the 2025 holiday season. You can watch live in the player above.
Tom's Guide
a day ago
- Business
- Tom's Guide
Macy's massive Black Friday in July sale is live — save big on back to school apparel, small appliances and more
Black Friday is still several months away — but that hasn't stopped Macy's from hosting a summer sale to give the November event a run for its money. Macy's Black Friday in July sale is happening right now. And whether you're looking to upgrade your small appliances or shop for back to school apparel styles, this summer savings event has you covered. Macy's sale is currently knocking up to 85% off activewear, must-have kitchen appliances, luxurious bedding and much more. With deals on items from top brands like Le Creuset, Nike, Ninja and Levi's, you'll find everything you need at extremely affordable prices. You'll want to hurry though, as these discounts won't last long! Keep scrolling to check out all my favorite home and apparel deals from Macy's Black Friday in July event. Activewear from Nike, Under Armour and more: up to 40% off @ Macy'sNeed some new activewear for the summer months or back to school season? Macy's is currently knocking up to 40% off some of our favorite brands like Nike, Under Armour, Puma and more. Shop select men's and women's fitness apparel for less. Levi's denim: up to 50% off @ Macy'sSummer calls for denim shorts! Right now, Macy's is knocking up to 50% off Levi's denim, including shorts, jeans, jackets and more. The sale also has the perfect back to school styles, so I would suggest shopping ASAP. Ninja small appliances: up to $100 off @ Macy'sThere are some impressive Ninja deals up for grabs right now at Macy's. You can currently save up to $100 on select small appliances, so if you're in the market for a new air fryer, blender or even cookware, you're in luck! Dyson vacuums: up to $150 off @ Macy'sDyson makes some of the best vacuums on the market, offering powerful performance, sleek designs and cutting-edge technology. Right now, Macy's has a number of Dyson vacuum cleaners on sale right now with up to 35% in savings. Get luxurious comfort and warmth when you purchase this classic comforter that comes in a wide variety of colors to match just about any bedroom decor. There are also three different sizes — twin, full/queen and king — that are currently on sale. From saucepans and skillets to cookie sheets and cooking utensils, this stylish cookware set comes with everything you need to test out new recipes and whip up your tried and true favorites. The pots and pans have durable nonstick interiors, comfortable double-riveted handles for a secure grip and shatter-resistant, tight-fitting lids. We're also loving their sky blue exterior color. This duffel bag is stylish, contemporary and will keep up with the traveler who is always on the move. It has tons of space for all your essentials and even features hidden pockets to secure your valuables. Some other cool features include a retractable identification tag, a water bottle pocket and a detachable shoulder strap. This Nespresso VertuoPlus is one of our favorite coffee makers. It can make 5-ounce and 8-ounce cups of coffee as well as single and double espresso shots. You can make your coffee bold, mild, hot, or iced. It includes a 40-ounce water reservoir and a complimentary starter set of Nespresso capsules. In our Nespresso VertuoPlus review, we said it makes incredibly high quality coffee with a silky, smooth flourish. Gorgeous flowers and butterflies adorn this delicate dinnerware that is currently on sale for a whopping $400 off. Each dinnerware component has a graceful scalloped edge and is adorned with a different design. The set includes six of each piece: dinner plates, accent plates, rice bowls and mugs. Leave all the multi-tasking in the kitchen to one appliance with this Ninja blender. With four functions for smoothies, processing, dough, drinks and more it will quickly become your go-to kitchen appliance. With this ultimate appliance, you'll be enjoying fresh, healthy drinks, homemade bread and sweet bakes. If you're looking for a large dutch oven, the signature round wide is a good choice that's reduced by $175 right now in a wide variety of colors. It has an 8qt capacity that will cater to large households or work with batch cooking. The Dyson Airwrap i.d. is one of the brand's best-selling stylers, thanks to its versatility, ease of use and speed. It even has an Ai-auto-hair-curling settling that you can operate via your phone, automatically programming it to curl your hair. If you're looking for a stress-free way to style your hair, with $100 off, it's an excellent deal. If you're a true coffee aficionado and like your morning brew just so, Breville's Barista Express is a good fit, and right now you can save $150 on this machine. As the best premium espresso machine we've tested, you can adjust the coarseness and quantity of the grounds to an exact degree. And with a handy built-in steam wand, you've got the option of brewing milky hot drinks too.
Business of Fashion
2 days ago
- Business
- Business of Fashion
The Executive Briefing: Reading the Tariff Tea Leaves
Tariffs Have Retailers Bracing for a Potentially Grim Year The story: Major US retailers including Macy's, Victoria's Secret, Abercrombie & Fitch and Lululemon reported strong holiday sales. But they also said the year was off to a weak start. As they contemplate whether to pass on the cost of tariffs to consumers, many downgraded their outlook for the remainder of 2025, sparking a selloff in retail stocks. It's not all in their heads: Consumer sentiment has also nosedived, with the Conference Board's closely watched index hitting a 12-year low last week. Tariffs are largely to blame, fuelling renewed inflation fears (even though few brands have actually raised prices, predictions of hikes to come from CEOs, economists and investors are percolating into consumers' consciousness). Not everyone agrees: 'We have to distinguish between feelings and reality,' said BMO Capital Markets analyst Simeon Siegel. 'It's not to say one can't turn into the other, but it hasn't yet. The idea that consumer sentiment is a survey and doesn't always align with retail sales.' Indeed, a similarly grim outlook this time last year turned out to mostly be a false alarm. Pain now, gains later: In our executive memo on tariffs, experts recommend keeping inventory 'lean and mean,' eating the extra cost – for a little while at least – and investing in high-quality products and experiences that help brands stand out at any price point. Materials and product features can be tinkered with to reduce duties at the border. In other words, the only way to win a tariff-induced price war is not to play. ADVERTISEMENT AI Marketing Campaigns Are Here. Not Everyone Is Happy About It The story: Brands have quietly been inserting AI models and art into their ads, social accounts and websites for a couple years now. But this month, that practice broke out into the open. The Estée Lauder Companies is partnering with Adobe to use its AI platform, Firefly, to create and edit imagery. H&M will use digital twins of its models in generated photoshoots that appear indistinguishable from the real thing. And Sybille de Saint Louvent's fake AI-generated campaigns are starting to get attention from the luxury brands she's mimicking. Heading off criticism: The business case for AI is obvious: why send a model to Fiji when you can insert their digital likeness into a generated image of an island paradise? However, it's telling that both Estée Lauder and H&M emphasised that they took great pains to incorporate AI in a way they believe will minimise potential harm. Estée Lauder is only using AI to generate images of objects, not people. Models will own the rights to their AI doppelgangers created by H&M. Good luck with that: It's still a tough sell. BoF's Instagram post on Sybille de Saint Louvent received over 1,000 comments, the vast majority negative. In 2023, Levi's quickly backed off plans to use AI models. Makeup artists, stylists and others who work on photoshoots were quick to point out that H&M's plan will do little to help them if AI puts them out of work. Maybe it's inevitable: The industry isn't exactly ignoring all those Instagram comments, but it clearly sees itself moving towards a world where AI and human models co-exist. Fast fashion is well on its way to embracing its generative future; perhaps then real humans shot by real photographers will become another luxury signifier. Succeeding in China Is Harder in 2025, but Not Impossible The story: BoF's latest case study goes deep on how Western brands succeed in China today. The old days of rapidly expanding demand and even middling American brands enjoying a certain cachet with Chinese consumers are long gone. Who's Winning: At first glance it's hard to draw links between Lemaire's quiet luxury, Lululemon's yoga pants, Hermès' craftsmanship and, well, Crocs. Flood the zone: Instead of diving in with Tmall, the most successful brands in China are often establishing a presence through Xiaohongshu and Douyin first. But establishing real world storefronts alongside digital ones is proving a key differentiator. That's true for big brands like Ralph Lauren, but smaller labels like France's American Vintage have found success with their own stores too. Second-tier cities, historically ignored by many Western brands, are particularly promising. Don't coast on reputation: Brands can no longer count on selling the same products in Shanghai that they do in Paris or New York (or worse, using China as a dumping ground for whatever fails to move in their home market). More than one-third of Luluemon's assortment in China is modified in some way to specifically appeal to shoppers there, including plenty of items made exclusively for the Chinese market. The same is true behind the scenes: Crocs struggled in China for years with a traditional strategy built around joint ventures with retailers. Once it built its own team on the ground, armed with the same data and insights used in other markets, sales took off. ADVERTISEMENT Jolting Luxury Out of Its Creative and Commercial Rut The story: This year may feature more designer debuts at major brands than any in the history of modern luxury. Why? Because the sector is in crisis, and it's not just a macroeconomic issue. With prices sky-high, many believe big luxury's value proposition is broken and key players are betting on new creative energy to boost desirability and kickstart growth cycles. More than musical chairs: Speculating about who will land where has been fun. But now that most of the big jobs are taken, industry watchers are wondering, when global luxury sales fell 2 percent last year, and consumers seem simultaneously overwhelmed by the amount of noise brands emit, and underwhelmed by what they sell, how much any one designer can do. Veblen goods no more: The term refers to items that become more desirable the higher their price. Most luxury brands flattered themselves that they fell in that category as they doubled or even tripled prices on their most coveted products. But in doing so they turned an aspirational dream into an impossible one for most consumers. Higher prices and the ubiquity of the biggest brands have also given some teeth to the gripe that luxury goods aren't worth the money. Shoppers get less of a thrill owning a $5,000 bag if they know it was mass produced, and potentially in a sweatshop. The Loewe method: It's no coincidence Jonathan Anderson is headed to one of fashion's biggest brands. His method of building buzz around Loewe – one tomato-scented candle and Luca Guadagnino film at a time – is widely seen as a template for the industry to escape its current treadmill of cookie-cutter runway shows and ad campaigns. It's an example of turning a luxury brand into a 'cultural brand,' a badge that says you have currency because you've navigated a cultural maze, and not just that you're rich enough to afford the clothes. Fashion's Innovators The Story: In a sea of sameness, designers who dare to try something different can still make a splash – even if what they're creating is as simple as a sweatshirt. In a series of stories this month, BoF took a look at how designers and brands are rethinking three categories that haven't seen much innovation of late: handbags, dress shirts and, yes, sweatshirts. Innovation with purpose: In the high stakes game of handbags, which drive the lion's share of profits at plenty of luxury brands, finding the balance between trying something new and staying true to a brand's codes is key. That's why the Alaïa Teckel became a sensation last year, its elongated shape standing out amid all the totes and helping establish Pieter Mulier's ultra-femme, yet modern vision for the brand. A style evolution: It's no coincidence that dress shirts are making a comeback just as companies are forcing more workers back to the office. But like so many other things, the white collar uniform was changed by the pandemic. Dress shirts now prioritise comfort, coming in oversize fits that appeal to Gen Z, or taking a page from the activewear boom's obsession with fabric innovation. About those sweatshirts: Speaking of Gen Z, they're setting alarms and lining up outside pop-ups to snag limited edition sweatshirts. The phenomenon is almost entirely a creation of TikTok, where popular creators have launched their own brands, which they flog ceaselessly to followers. Here the innovation is mostly marketing. If they want staying power they'll need to find ways to differentiate their product. Otherwise they may end up like the countless luggage brands struggling to sell slickly branded hardshell suitcases even amid an unprecedented travel boom.
Yahoo
4 days ago
- Business
- Yahoo
Macy's (M) Rises Higher Than Market: Key Facts
Macy's (M) closed the most recent trading day at $12.21, moving +2.18% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.14%. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.38%. Prior to today's trading, shares of the department store operator had gained 8.14% outpaced the Retail-Wholesale sector's gain of 4.28% and the S&P 500's gain of 5.35%. The upcoming earnings release of Macy's will be of great interest to investors. The company is forecasted to report an EPS of $0.18, showcasing a 66.04% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $4.74 billion, down 4.03% from the prior-year quarter. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.78 per share and a revenue of $21.27 billion, indicating changes of -32.58% and -4.57%, respectively, from the former year. Investors should also take note of any recent adjustments to analyst estimates for Macy's. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Macy's presently features a Zacks Rank of #3 (Hold). In terms of valuation, Macy's is presently being traded at a Forward P/E ratio of 6.7. This signifies a discount in comparison to the average Forward P/E of 15.47 for its industry. The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 33, placing it within the top 14% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Macy's, Inc. (M) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
