.Macys executives said inventories are fresh and under control heading into the holiday season.
Net sales declined 3.9 percent to $5.23 billion from $5.44 billion in the year-ago quarter, but were up 1.1 percent compared to the third quarter of 2019. Comparable sales declined 3.1 percent on an owned basis and were down 2.7 percent on an owned-plus-licensed basis.
“Our Polaris strategy is working. In the third quarter, we achieved solid top-line results and a strong beat to our bottom-line guidance. Macy’s brand position as a style and fashion source resonated with our customers, while luxury continued to outperform at Bloomingdale’s and Bluemercury,” said Jeff Gennette, chairman and chief executive officer of Macy’s Inc. “is detail, and our talented and agile team are executing well to compete.
Macy’s reaffirmed its forecast for $24.34 billion in annual sales this year, and raised its earnings expectations to $4.07 to $4.27 per diluted share, from $4 to $4.20.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
How CBRE Group Inc. is reexamining its own office space - Jacksonville Business JournalThe Business Journals recently caught up with Peter Van Emburgh, senior vice president and global head of real estate at CBRE Group Inc., in the company's Atlanta office. Van Emburgh oversees about 7 million square feet of office space across 600 locations globally for CBRE.
Leer más »
H-E-B recalls Tyson Foods Inc. ground beef products: Here’s what you need to knowH-E-B supplier Tyson Foods Inc. has issued a recall for nearly 94,000 pounds of Hill Country Fare and H-E-B ground beef products produced at its Amarillo facility that may be contaminated with foreign matter, a mirror-like material, according to the company.
Leer más »
Biggest Movers: BCH Climbs to 1-Week High, DOT Declines – Market Updates Bitcoin NewsBitcoin cash rose to a one-week high in today’s session, despite crypto markets mostly trading lower. Polkadot fell 5% today.
Leer más »
Montana Supreme Court declines to block law banning vaccine mandates in most workplacesThe Montana Supreme Court decided to not block a state law banning vaccine mandates in most workplaces.
Leer más »
Chicago Cubs acquire infielder/outfielder Miles Mastrobuoni, while Willson Contreras declines their qualifying offerWillson Contreras becoming a free agent, after the release of Jason Heyward, leaves Kyle Hendricks as the last Chicago Cubs player left from the 2016 World Series champions.
Leer más »
Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surgeHive Blockchain encompasses approximately 0.85% of the Bitcoin network's hash rate. At the quarter's end, It reported holding 1,116 BTC worth $48.4 million and 25,154 ETH worth $74.7 million on its balance sheet.
Leer más »