Gomez’s jewelry included Tiffany & Co. drop-style earrings while Blanco stacked diamonds from Jacob & Co. on his wrist.
Holiday comps up but Macy’s laying off thousands
Despite what its CEO described as a “successful” holiday season, Macy’s announced Thursday it would lay off about 2,500 employees as it trims central office staff and closes stores.
New York--Despite what its CEO described as a “successful” holiday season, Macy’s announced Thursday it would lay off about 2,500 employees as it trims central office staff and closes stores.
In November and December, Macy’s same-store sales, which include online sales, increased 4 percent. Total sales were up 4 percent as well.
“Even in a questionable macroeconomic environment with challenging weather in multiple states, the positive response from our customers during the holiday season is yet another vote of confidence that our well-established strategies continue to work for us,” Chairman, President and CEO Terry Lundgren said.
Despite what the retailer described as a successful holiday, Macy’s said Wednesday that it has identified areas where it can “improve efficiency,” trimming central office, administrative and back-of-house expenses through layoffs and other cost-saving measures.
A Macy’s spokesperson said the total number of layoffs is expected to be about 2,500, though it is unknown at this point how many additional employees will lose their jobs as a result of the store closures. Macy’s said it will try to place associates in other positions where possible.
The Macy’s stores scheduled to be closed are in Fiesta Mall in Mesa, Ariz., Metcalf South Shopping Center in Overland Park, Kansas, Jamestown Mall in Florissant, Mo., Medley Centre in Irondequoit, N.Y. and Fashion Place Mall in Murray, Utah.
Going-out-of-business sales will begin Monday at these stores and run for 10 to 11 weeks, until they shutter in early spring. The Fashion Place Mall location will close on Sunday with no clearance sale.
Even as these five stores close, the company plans to open five new or replacement Macy’s stores as well as three Bloomingdale’s locations, as previously announced. In addition, the retailer will hire for online operations, direct-to-consumer fulfillment at these new stores.
The new Macy’s stores are in University Town Center in Sarasota, Fla., Shops at Summerlin in Las Vegas, Mall at Bay Plaza in Bronx, N.Y., Plaza Del Caribe in Ponce, Puerto Rico and the Mall at Miami Worldcenter in Miami.
The new Bloomingdale’s stores are in the Stanford Shopping Center in Palo Alto, Calif., Ala Moana in Honolulu and the Mall at Miami Worldcenter.
Once the changes are implemented, Macy’s will have a total of 844 Macy’s and Bloomingdale’s stores in 45 states, the District of Columbia, Puerto Rico and Guam.
Macy’s is scheduled to report its fourth quarter earnings on
The Latest

Diamond industry banking veteran Paul De Wachter will take on the role in January 2026.

Taylor Swift flaunts an Elizabeth Taylor-esque gemstone in promo for her new album, “The Life of a Showgirl.”

Its “Quantre Sand” capsule was made using a 3D sand printing technique borrowed from the automotive and aeronautics industries.


Four individuals have been charged in the “takeover-style” robbery of Heller Jewelers last month, and additional charges are expected.

“Radiance and Reverie” will showcase more than 150 jewels from Lane’s personal collection by Tiffany & Co., Cartier, and more.

With their unmatched services and low fees, reDollar.com is challenging some big names in the online consignment world.

The month’s birthstones, tourmaline and opal, complement the palette of autumn.

Smith shares the importance of looking at your company with openness and honesty to identify opportunities you may be missing.

Associate Editor Natalie Francisco visited Italy to spot jewelry trends at the September Vicenzaoro show and share her top finds.

Respondents were concerned about job availability and rising prices.

Its latest interim financials revealed a challenging first half due in part to production troubles at its mines.

Alexander Lacik has led Pandora since 2019. Berta de Pablos-Barbier will succeed him, the first woman to head the company.

Two men allegedly used counterfeit bills to purchase luxury watches and jewelry from a North Carolina jeweler.

The “Lovestruck” collection, designed with the Academy and Grammy award-winning siblings, is the brand’s first lab-grown diamond offering.

The brand, celebrating its 15th anniversary, has popped up at Market, a luxury fashion destination in Highland Park Village.

She was remembered as a creative and generous woman of faith, who also had a sweet tooth.

Move over neck mess, the ear story is the way to make a layering statement today.

The New York-based brand is set to launch a limited-time offering for the holiday season at Holt Renfrew in Toronto.

The “Volume 7” bridal catalog features best-selling engagement rings, trending styles, and a new section highlighting anniversary bands.

Holiday sales growth is expected to slow as consumers grapple with inflation and tariff-related uncertainty.

Jamie Turner Designs is among the winners of the local “Austin Shines” contest, hosted by Eliza Page, a jewelry store in Austin, Texas.

The red and azure colorway is one of many fun enamel pairings offered, bringing whimsy to the classic style of a monogramed signet ring.

A trade deal with Switzerland seems probable, but reaching an agreement with India remains a challenge, David Bonaparte said.

Botswana’s president said his country wants a controlling share, while Angola envisions multiple countries holding minority stakes.

The manufacturer is adding 1,400 chemical vapor deposition (CVD) reactors to its growing facility in India.