March 28, 2017 Comments Off on Macy’s Inks Deal On Eve of Store Closures Views: 5048 National News, Top National Stories

Macy’s Inks Deal On Eve of Store Closures

Less than three months after announcing it would shutter 68 stores nationwide, Macy’s Inc. struck an agreement with G-III Apparel Group Ltd. to be an exclusive retail distributor of the DKNY brand. To that end, Macy’s and G-III will create a store-within-a-store concept to sell apparel and accessories. Beginning February 2018, Macy’s will offer DKNY women’s clothing, handbags and shoes, as well as women’s and men’s outwear and swimwear. The products will be available at Macy’s retail locations nationwide, and on macys.com.

Meanwhile, G-III will continue operating freestanding global DKNY stores and its DKNY.com e-commerce site. G-III also will maintain DKNY’s agreements with international license partners and distributors outside of the United States.

Macy’s indicated it would begin closing retail outlets in spring 2017.

 

Read More at Macy’s


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