Sponsors
Billabong ▼ -0.020 | PPR ▲ +0.35 | American Apparel ▲ +0.022 | The Buckle ▲ +0.57 | Columbia ▼ -0.13 | Deckers Outdoor ▲ +0.50 | Dicks ▼ -0.77 | Foot Locker ▲ +0.33 | Genesco ▲ +0.62 | Iconix Brand Group ▼ -0.41 | Jarden Corp ▼ -0.43 | Nordstrom ▼ -0.42 | Luxottica ▼ -0.42 | Nike ▲ +0.13 | Pacific Sunwear ▲ +0.06 | Skullcandy ▼ -0.14 | Sport Chalet - 0 | Urban Outfitters ▲ +0.61 | VF Corp ▼ -0.22 | Quiksilver ▼ -0.05 | Zumiez ▼ -0.02 | Macys ▲ +0.14 | Tillys ▼ -0.04 |
Ticker Sponsor
Readers Say
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
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


ROTH CAPITAL PARTNERS: Hosting 27th Growth Stock Conference March 8-11 in Dana Point, Calif.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Macy's sales fall in weak environment

By Tiffany Montgomery
August 13, 2008 7:39 AM

Macy's reported a tough second quarter this morning with total sales falling 3 percent to $5.7 billion. Same-store sales fell 2.1 percent.


Profits fell slightly to $73 million vs. $74 million the the same quarter last year.


The company lowered its earning forecast for the year, citing weak consumer spending. The company expects earnings per share for the year to be in the range of $1.70 to $1.85. Analysts had expected $1.86 per share for the full year.


Separately, the Commerce Department said that July's retail sales fell 0.1 percent from June, the weakest showing in five months.


However, retail sales in July were 2.6 percent higher than July, 2007.

 

 


More on: Macy's, forecast, sales

Articles You Might Have Missed