Sponsors
Billabong ▲ +0.005 | PPR ▲ +9.10 | American Apparel ▼ -0.042 | The Buckle ▲ +0.25 | Columbia ▲ +1.35 | Deckers Outdoor ▲ +0.27 | Dicks ▲ +0.47 | Foot Locker ▲ +0.22 | Genesco ▲ +0.34 | Iconix Brand Group ▲ +0.43 | Jarden Corp ▲ +0.31 | Nordstrom ▼ -1.04 | Luxottica ▲ +2.05 | Nike ▲ +1.77 | Pacific Sunwear ▼ -0.121 | Skullcandy ▼ 0.00 | Sport Chalet - 0 | Urban Outfitters ▲ +0.20 | VF Corp ▲ +1.74 | Quiksilver ▲ +0.020 | Zumiez ▲ +0.19 | Macys ▼ -1.07 | Tillys ▼ -0.33 |
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
I waited too long to sign up for Executive Edition
I waited too long to sign up for Executive Edition

I read Shop-Eat-Surf at every opportunity, and I waited too long to sign up for the Executive Edition. It’s timely, relevant and clearly “from the industry, for the industry.

- By Andy Laats, President, Nixon
Industry Insight

CIT: West Coast team featured in Fashion Manuscript.
FSG LAWYERS: Represented Loomworks Apparel (P.J. Salvage) on its acquisiton by Delta Galil.

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