Macy's

The department store chain said its Bold New Chapter strategy has received a strong response from shoppers.

A new report from the International Association of Department Stores shows retail brands gaining momentum as a solution for sagging home product sales.

The agreement avoids a proxy fight but attempts by the investment firm to acquire the department store are expected to continue.

The department store retailer's 'A Bold New Chapter' initiative includes the closure of 150 locations by 2026 and reinvestments in 350 stores.

The new assortment features a broad selection of products designed to provide comfort around the home.

The department store's new CEO Tony Spring moves into the chief executive role replacing the retiring Jeff Gennette.

Announced in December of 2023, officials with the department store said the firms seeking to acquire the department store failed to address several concerns over the deal's financial structure.

Store Brands has selected retailers from across multiple channels of distribution that are worth keeping an eye on in the coming year.