Macy's reported a weaker-than-expected rise in sales in the holiday quarter and forecast full-year profit and revenue that fell short of analysts' expectations as it invests in new lower-priced and international stores.
Russian shoppers caught in a currency crunch are staying away from the Dubai Shopping Festival (DSF) this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza.
Historic department store Macy's has announced it will open its first store outside of the United States in 2018 in Abu Dhabi, following Bloomingdale's (part of the Macy's group) which is already present in Dubai sinc...
Abercrombie & Fitch has named Fran Horowitz Brand President of Hollister. Ms. Horowitz most recently served as the President of Ann Taylor Loft, a division of Ann Inc., specialised in women's ready-to-wear clothing.