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18 Nov

Macy’s Inc. Shows Q3 Declines but Prepared to Meet

by Beautifaire101
Beauty, Featured
What a difference a yr makes. And that’s actually true for Macy’s Inc. and the vacation season. “A yr ago everybody was talking concerning the supply chain, spooking customers into early shopping. Should you didn’t buy it immediately, there could be nothing left for Christmas. This yr, with all of the press about inventory gluts, there aren't any concerns about running out of inventory before the vacation,” Jeff Gennette, Macy’s Inc. chairman and chief executive officer, told WWD in an interview Tuesday. He spoke right after the retailer reported that its net income dove by almost 55 percent to $108 million, or $0.39 a diluted share, from $239 million, or $0.76 a diluted share, within the year-ago quarter. This compares to diluted...
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10 Nov

Shiseido’s 9-Month Net Declines 38%; Uotani Looks Toward Retirement

by Beautifaire101
Beauty, Featured
TOKYO—Shiseido reported net profits declined 38.2 percent to 29.05 billion yen, or $198.4 million, for the nine months ended Sept. 30. The drop was mainly as a result of impairment losses related to the transfer of the corporate’s personal care business, posted within the period under review, while the gains on the identical transfer were posted in the identical period a yr prior. Operating profit at Japan’s largest cosmetics company ell by 62.7 percent to 35.66 billion yen. Shiseido saw nine-month net sales grow 4.7 percent to 762.74 billion yen. In 2021 Shiseido launched a latest strategy, under which it should implement global reforms with an emphasis on profitability and money flow by specializing in what it calls “skin beauty.” Recognizing that...
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