Sponsors
Billabong ▲ +0.035 | PPR ▲ +0.20 | American Apparel ▲ +0.008 | The Buckle ▼ -0.07 | Columbia ▼ -0.49 | Deckers Outdoor ▼ -0.13 | Dicks ▼ -0.15 | Foot Locker ▲ +0.12 | Genesco ▼ -2.64 | Iconix Brand Group ▲ +0.13 | Jarden Corp ▲ +0.16 | Nordstrom ▼ -0.39 | Luxottica ▲ +0.57 | Nike ▼ -0.27 | Pacific Sunwear ▼ -0.22 | Skullcandy ▲ +0.09 | Sport Chalet - 0 | Urban Outfitters ▲ +0.02 | VF Corp ▲ +0.30 | Quiksilver ▼ -0.02 | Zumiez ▲ +0.20 | Macys ▼ -0.07 | Tillys ▼ 0.00 |
Ticker Sponsor
Readers Say
It pertains to my business
It pertains to my business

I’m an avid reader of Shop-Eat-Surf because it’s really the only online newsletter that I have found that is not only industry related, but also because it’s not so “guy-centric.” I find that a lot of the information I read on the site pertains to my business (as a swimwear designer) and keeps me up to date on what other companies and other women in the industry in general are doing which is not only inspiring but also helps me gauge the future direction of my business as well.

I feel privileged to read the Executive Edition because I know I am getting insider industry information before it hits the mainstream media channels. And it’s always good to know what my friends are up to in the industry.

- By Monica Wise, Founder, L*Space
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
Industry Insight

SIA SNOW SHOW: Early Bird rates thorugh Sept. 29 for Denver hotel rooms during 2015 show, from Jan. 28 - Feb. 3.

AGENDA: Video recaps, 2015 show dates, "Love Made Me Do It" women's networking series on Wednesday.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

What is selling at Macys and other info

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