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Billabong ▼ 0.000 | PPR ▲ +4.00 | American Apparel ▼ -0.009 | The Buckle ▼ -0.51 | Columbia ▼ -0.66 | Deckers Outdoor ▼ -2.17 | Dicks ▼ -0.48 | Foot Locker ▲ +0.03 | Genesco ▼ -1.37 | Iconix Brand Group ▼ -0.57 | Jarden Corp ▼ -0.06 | Nordstrom ▼ -0.17 | Luxottica ▼ -0.35 | Nike ▼ -0.23 | Pacific Sunwear ▼ -0.05 | Skullcandy ▼ -0.11 | Sport Chalet - 0 | Urban Outfitters ▼ -0.39 | VF Corp ▲ +0.16 | Quiksilver ▼ -0.06 | Zumiez ▼ -0.58 | Macys ▼ -0.02 | Tillys ▼ -0.01 |
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Friedman Stroffe & Gerard, P.C.

FSG’s Action Sports Practice Group provides legal services to the action sports industry. Our clients include surfers, skiers, snowboarders and skaters, as well as sponsors and leading apparel companies. Our attorneys serve in positions with industry organizations such as the Association of Surfing Professionals. We know your business and can provide full-service legal solutions to meet your organizational needs.

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Tiffany Montgomery
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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.

 

 


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