We expect it to drive new customers into our stores and to insert a new level of fun and excitement onto the children's selling floor
Macy's had gotten away from having a toy department, but I think that if you can incorporate more of the shopping experience and give the consumer one more reason to come into the store and keep them in your store longer, it's a good thing
If people are spending anything on anything beyond groceries and gas, they're spending on their kids
This is an outstanding partnership that will bring toys back to Macy's in an exciting and unique way
FAO Schwarz is the world's most famous toy retailer with interesting and distinctive products that appeal to our customers and will drive store traffic, particularly to our children's departments.
Our two brands have a combined history of 296 years of bringing joy and retail magic to consumers
We have been testing an FAO Schwarz store at Macy's on State Street in Chicago, and the results have been impressive ... We haven't been in the toy business in many, many years. This is just one more step in the reinvention of the department store.
The entire children's apparel business (in Chicago) performed well above our expectations and well above the rest of the store. That means we are bringing in new customers ... Eventually, kids may be the reason that moms shop at Macy's. This is a powerhouse name.
Other than Thomas the Tank Engine, we had no other toy recalled during the last Christmas season
We have to be taking market share from those who are dropping 7 percent ... Clearly, consumers are affected by high gas and heating oil prices, declining home values, lack of job growth.