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June 2023

1 Jun

Macy’s Reports Tough First Quarter, Brings Guidance Down

Macy’s Reports Tough First Quarter, Brings Guidance Down
Macy’s Inc., seeing waning consumer demand, reported first-quarter top- and bottom-line declines and has revised its guidance for the yr downward. Net income for the quarter ended April 29 was $155 million, or $0.56 per diluted share, in comparison with $286 million, or $0.98 per share, within the year-ago period. Earnings before interest, taxes, depreciation and amortization got here to $466 million versus $684 million within the year-ago quarter. Net sales of $5 billion were down 7 percent in comparison with $5.35 billion in the primary quarter of 2022. Comparable sales were down 7.2 percent. Brick-and-mortar sales decreased 6 percent versus the primary quarter of 2022, and digital sales decreased 8 percent versus the primary quarter of 2022.  In pre-market trading Thursday, Macy’s stock was...
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1 Jun

LeBron and Savannah James Suit Up for ‘Shooting Stars’

LeBron and Savannah James Suit Up for ‘Shooting Stars’
Michael Buckner for Variety LeBron James and his wife, Savannah James, attended the premiere of his recent film “Shooting Stars” in Los Angeles on Wednesday, wearing color-contrasting ensembles. LeBron wore a double-breasted cream suit with a white crewneck T-shirt underneath. He coordinated the suit with white sneakers, a basketball lapel pin and sunglasses. LeBron James and Savannah James attend the Los Angeles premiere of Universal Pictures’ “Shooting Stars” on May 31. Getty Images His cream suit contrasted along with his wife Savannah’s head-to-toe black ensemble from Oscar de la Renta. Details of her look included a black floral embroidered lace jacket with matching pants that she paired with black slingback pumps from Gianvitto Rossi. To create her search for the premiere, Savannah worked...
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1 Jun

CFDA Fashion Awards to Take Place Nov. 6 on

CFDA Fashion Awards to Take Place Nov. 6 on
The 2023 CFDA Fashion Awards, for which Amazon Fashion is the presenting partner, will happen Nov. 6 on the American Museum of Natural History. That is the primary time within the award’s 42-year history that they might be held at this location. “I sit up for celebrating the CFDA Awards on the American Museum of Natural history…an iconic Recent York landmark,” said Thom Browne, chairman of the Council of Fashion Designers of America. Muge Erdirik Dogan, president of Amazon Fashion, added, “Amazon Fashion looks forward to continuing its collaboration with the CFDA and further supporting its mission of strengthening American fashion. I'm excited to rejoice the visionaries of today who're helping to shape the style industry and to proceed making Amazon a...
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