Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.45 | American Apparel ▼ -0.006 | The Buckle ▼ -0.83 | Columbia ▼ -0.31 | Deckers Outdoor ▼ -1.45 | Dicks ▼ -0.52 | Foot Locker ▲ +0.04 | Genesco ▼ -0.67 | Iconix Brand Group ▲ +0.15 | Jarden Corp ▲ +0.10 | Nordstrom ▼ -0.62 | Luxottica ▼ -0.63 | Nike ▲ +0.93 | Pacific Sunwear ▲ +0.01 | Skullcandy ▼ -0.20 | Sport Chalet ▲ +0.04 | Urban Outfitters ▼ -0.64 | VF Corp ▼ -0.28 | Quiksilver ▲ +0.07 | Zumiez ▼ -0.31 | Macys ▼ -1.83 | Tillys ▲ +0.01 |
Ticker Sponsor
Readers Say
Executive Edition rules
Executive Edition rules

“Shop-Eat-Surf” is now officially, the first stop in the morning for industry news. Accurate reporting, no sensationalism, and just the facts. Refreshing support to an incredible industry with a very bright future. Tiffany has cemented her role in the industry....the site is thought provoking, and inspirational. Learning the stories of others is incredibly useful. Great way to connect the retail community with the wholesale and financial, instantly and nationwide. ... And the Executive Edition rules.

- By Bob Hurley, Chairman, Hurley International
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

What is selling at Macys and other info

What is selling at Macys and
By Tiffany Montgomery
May 21, 2008 7:17 AM

There was some interesting information in the Macy's first quarter earnings conference call last week.


Strong categories: mens furnishings, mens collections, young mens, cosmetics, fashion jewelry, watches, handbags, mattresses, housewares.


Weak categories: women's ready-to-wear and home textiles. While overall women's was weak, Macy's did see more strength in contemporary and denim-based brands.


Other sales trends: Casual looks are selling, especially value-driven, pick-me-up items that can refresh a wardrobe. While value is important, highly desirable premium brands are selling well. Serious outfit and structured career pieces are not selling well.


Financials: Sales fell 2.9 percent to $5.75 billion. Same-store sales fell 2.6 percent. The company reported a loss of $59 million compared to a profit of $36 million the same quarter last year, mainly due to charges for unusual items. Inventory was down 4 percent.


Economic climate
: Macy's expects the environment to remain challenging through the third quarter. The company reaffirmed its comp store guidance of down 1 percent to up 1.5 percent for the year. CFO Karen Hoguet said the goal is to maintain flexibility, with merchants ordering conservatively and contingency plans in place to reduce expenses and capital expenditures if the climate doesn't improve.


Tommy Hilfiger: Macy's will launch its exclusive deal with with Hilfiger in the fall.


Results by month: February and March were weak, sales improved in April. Early May started off well.


Vendor relations
: Macy's is working on a pilot program later this year to better share sales trends information with vendors.


Bloomingdale's results: Bloomingdale's had a tough quarter. The chain performed better than Macy's but worse than it had been performing.


New stores: The company's growth will mostly come in lifestyle centers which require a smaller store format, about 120,000 square feet.


Online: The company recently killed its Bloomingdale's catalog to focus on online sales. Company-wide, Macy's expects $1 billion in online sales this year.


International: Macy's recently promoted Dan Edelman, COO and president of Macy's West, to president of international retail development. The company is studying international expansion and sees that happening for Macy's and Bloomingdale's in four to five years.


Tax rebate checks
: Macy's does not expect a big boost from tax rebate checks.


Articles You Might Have Missed