You might never have heard of Marvin Traub, but the former CEO of Bloomingdale's, who died this week at 87, forever changed retailing. Here are five ways his style and panache helped create the modern shopping experience.
Have you ever imagined walking down the red carpet with Christina Applegate, Eddie Cibiran or Kathryn Hahn? You don't have to stop dreaming. A fall marketing campaign by Bloomingdale's and NBC will enable customers to take pictures with digital versions of NBC's stars.
Big merchants got an early Christmas present this year: Better-than expected November sales. This group posted 6% sales growth compared to 2009, far ahead of most forecasts for 3% to 4% growth. But bargain-hunting is likely to continue in December.
Department store operator Macy's reported a third-quarter profit, with earnings topping Wall Street expectations due in part to a move toward tailored local offerings and the return of upscale customers to its Bloomingdale's stores. Macy's said it earned $10 million, compared to a loss of $35 million in the same period last year.
