Sponsors
Billabong ▲ +0.025 | PPR ▲ +0.75 | American Apparel ▼ -0.010 | The Buckle ▲ +0.37 | Columbia ▲ +0.15 | Deckers Outdoor ▲ +0.64 | Dicks ▲ +0.16 | Foot Locker ▼ -0.11 | Genesco ▼ -0.06 | Iconix Brand Group ▼ -0.43 | Jarden Corp ▼ -0.20 | Nordstrom ▼ -0.18 | Luxottica ▲ +1.36 | Nike ▲ +0.12 | Pacific Sunwear ▲ +0.08 | Skullcandy ▲ +0.11 | Sport Chalet - 0 | Urban Outfitters ▼ -0.14 | VF Corp ▼ -0.13 | Quiksilver ▼ -0.04 | Zumiez ▲ +0.40 | Macys ▼ -0.45 | Tillys ▲ +0.22 |
Ticker Sponsor
Readers Say
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Industry Insight

SIMA: Tickets on sale for 12th Image Awards show on Feb. 12.
PROCOPIO: Seminar 1/31 at Snow Show on IP strategies.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Interesting details from Macy's call

By Tiffany Montgomery
August 14, 2008 7:58 AM

Macys home storeA few details of note came through on the Macy's second quarter earnings conference call yesterday, including:


- While same-store sales fell 2.1 percent during the quarter and total sales fell 3 percent, Macy's executives are happy they are outperforming other department store competitors.


- The strongest regions were the Northeast and Texas while the West and upper Midwest were weak.


- The best categories were jewelry, cosmetics, shoes, men's furnishings, men's collections, housewares and mattresses.


- Weak categories included ready to wear, intimate apparel, men's classification sportswear, children's, textiles and tabletops.


- Macy's expects the third quarter to be weaker than the fourth quarter.


- Bloomingdale's is still one of the company's best performers.


- Macy's is ordering conservatively for spring.


- There are no major plans to close a significant number of stores.


- While ready-to-wear has not been performing well, there are a few bright spots: denim, skinny jeans, vests, knit tops and the tunic silhouette. Dresses have also improved.

 

 


Articles You Might Have Missed