Macy's
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April was certainly weaker than the last couple of months from a top-line perspective, in part due to weather and the earlier Easter. Still, no company in our coverage group missed earnings for 1Q. Macy's (NYSE: M) & American Eagle (NYSE: AEO) remain our top picks.
Our customers continue to respond to fresh fashion merchandise. Our assortment is trend-right and distinctive, which is a testament to the skill and experience of our central merchants, as well as the continued success of our My Macy's field organization in tailoring merchandise by store. We continue to see the power of our omnichannel strategy in driving sales online and in the stores.
Our business at Macy's and Bloomingdale's continues to perform very well and sales in April met our expectationsMore quotes »
Newsday's coverage
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Cops: Hampton Bays women charged with stealing
women were arrested in Hampton Bays Sunday after police said they were seen stealing items from a Macy's on Montauk Highway.Marcia Aplicano, 28, and Dania Ramirez , 21, both of Hampton Bays, were arrested at 3 p.m. after Southampton Town police said a department Read more »
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Betsey Johnson chain closing all its stores
unit at Deer Park 's Tanger Outlets at the Arches.The chain, which also sells its products online and at department stores such as Macy's , has been experiencing sales declines of more than 20 percent at its retail stores since 2007, court documents said. Read more »
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Mariano Rivera, Curtis Granderson launch Yankees fragrance
changed throughout the years from Calvin Klein's CK One and Liz Claiborne's Curve to Davidoff's Cool Water. "The New York Yankees Macy's fragrance will definitely be next in line as long as I can keep my dad from stealing it from me," he said.There will be Read more »
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Store employee arrested in gift card fraud
Macy's employee was arrested on Saturday for using stolen credit cards to buy thousands of dollars in gift cards, Nassau police said.Duke U. Obule, 19, of Cambria Heights , Queens, an employee at Macy's at the Green Acres Mall in Valley Stream , had worked Read more »
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Alberta Ferretti launches collection at Macy's
gowns can cost more than $2,000), they stay true to her signature style with Grecian-like sillhouettes and flattering draping.Macy's fashion director Nicole Fischelis joined Ferretti to celebrate at the Herald Square store in Manhattan, surrounded by bronzed Read more »
Around the web
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Consumer Comfort in U.S. Climbs to Highest in Four Weeks
walk past a Macy's Inc. store at the City Creek Center in Salt Lake City, Utah. Shoppers walk past a Macy's Inc. store at the City Creek Center in Salt Lake City, Utah. Photographer: George Frey/Bloomberg Consumer confidence in the U.S. climbed to a four-week 39 m ago from Bloomberg.com Read more »
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Retailers Show Some Bounce
projected. The owner of Victoria's Secret and Bath & Body Works has put together a string of expectation-beating performances. Macy's reported that same-store sales rose 4.2% in May, topping analysts' expectations for a 4% gain. "The momentum in our business 9:08 AM from Wall Street Journal Read more »
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Shoppers cautiously pushed up spending in May
strings in May to take advantage of bright new styles and Mother's Day promotions. Major retailers including Target Corp., Macy's Inc. and Limited Brands Inc. all posted bigger-than-expected gains from a year ago. The modest but healthy gains followed a dismal 5/30/12 from The State Read more »
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Retailers report strong May same-store sales
stores open at least a year had risen 6 percent in the four weeks ended May 26. The report came the day after department store chain Macy's Inc posted a 4.2 percent increase. Both companies beat Wall Street forecasts, according to Thomson Reuters I/B/E/S. 5/30/12 from Reuters Mobile Read more »
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Macy's New Focus: Will Transformation Bring Customer Growth?
has been an exciting transformation at Macy's. It started about three years ago, when management introduced the "My Macy's" localization program where the company tailors merchandise assortment in every store location. Macy's management has intensified its 6:36 AM from Forbes Read more »