Announced in spring 2012 with an internal restructure to focus on this customer and a plan to be implemented in progressive stages, Macy’s Millennial strategy aims to position the retailer to attract and retain customers in the Millennial generation - now America’s largest and most diverse age demographic with spending estimated at $65 billion each year for the kinds of merchandise sold at Macy’s.
By the end of 2013, the brands launched or expanded at Macy's will have fully established a new and fresh shopping environment to hold the attention of a generation that is keenly interested in trends, style and value.
“We have identified Millennials as a priority customer for Macy’s, and we know that growing our relevance for this customer will start with product,” said Jeffrey Gennette, Macy’s chief merchandising officer.
“Over this season and spring 2013, we will be introducing 13 new brands targeted to a cross-section of lifestyles, as well as growing those within our current portfolio that are already passion brands for this customer.
“This product investment and repositioning is the first phase of our Millennial strategy and will help strengthen Macy’s credentials and credibility with this customer by offering them newness, fashion and innovation across product categories and lifestyles.”
Macy’s is using its extensive research into the preferences of Millennial-generation customers to plan its assortments for men and women in this age group. These preferences are rooted in lifestyles that influence how Millennials express themselves, primarily along the spectrum of their interests in fashion and culture.
The research will also be used internally by Macy’s to shape marketing, store environments and visual presentation in mstylelab and Impulse. The following launches and extensions will roll out over the next two seasons.
| On 23rd Jun 2021
The Bangladesh Garment Manufacturers and Exporters Association...
| On 23rd Jun 2021
US’ clothing firm PVH Corp has entered into a definitive agreement to ...
Italian fashion companies Prada Group and Ermenegildo Zegna Group...
Fabric selection & recommendation based on client's brief
Cannot see the world breaking away from cotton & polyester
There was a certain switch, but it was not 100% pandemic related
Trützschler, one of the world's leading textile machinery manufacturers,...
The Riri Group is a one-stop supplier of metal accessories for the luxury...
UK based Amba Projex Ltd designs, manufactures, and installs industrial...
Thomas Ong P S
Malaysian company NanoTextile Sdn Bhd taps into the potentials of...
EDANA has been the leading global association and voice of the nonwovens...
Garware Technical Fibres Ltd
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
Anjali Bhaskar has an experience of 12 years in the fashion industry. She...
Designer <b>Suman Nathwani</b> talks about her journey of opening a...
Label Seema Gujral
<b>Seema Gujral</b>'s designs for her eponymous label revolve around...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.