Macys – Page 2 – Beautifaire

22 Aug

Macy’s Inc. Posts Q2 Declines, Stays Cautious on Consumers

Macy’s Inc., impacted by higher levels of markdowns to clear spring merchandise and customers pulling back on spending, reported second-quarter top- and bottom-line declines but said the outcomes were higher than expected. The web loss got here to $22 million for the quarter ended July 29, in comparison with a $275 million profit within the year-ago period. The loss included a non-cash settlement charge related to the transfer of pension obligations for certain retirees and beneficiaries. Diluted loss per share of $0.08 and adjusted diluted earnings per share of $0.26 last quarter in comparison with diluted EPS of $0.99 and adjusted EPS of $1 within the second quarter of 2022. Earnings before interest, taxes, depreciation and amortization were $221 million in the...

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4 Aug

EXCLUSIVE: Aurate Raises Series B Funding, Partners With Macy’s

by Beautifaire101

Beauty, Featured

EXCLUSIVE: Aurate Raises Series B Funding, Partners With Macy’s

After almost a decade available on the market, Aurate is seeking to the following stage of its business. The direct-to-consumer superb jewelry brand is gearing up for its first major retail partnerships this month after securing its series B funding in the primary quarter of this yr. Terms of the investment weren't disclosed; nevertheless, Aurate stated it has raised $25 million thus far. Aurate is embarking on two retail partnerships this month with Macy’s and Helzberg Diamonds, creating respective sister brands sold exclusively on the retailers. Audrey by Aurate will launch at Macy’s on Saturday and Laure by Aurate will launch at Helzberg Diamonds on Tuesday. “We all the time desired to democratize real gold. That’s still the mission of the brand,” said...

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1 Jun

Macy’s Reports Tough First Quarter, Brings Guidance Down

by Beautifaire101

Beauty, Featured

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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28 May

Macy’s Jeff Gennette Named a Father of the 12 months

by Beauty Tips

Fashion, Featured

Macy’s Jeff Gennette Named a Father of the 12 months

Jeff Gennette will soon have lots more time to spend together with his daughter Jude — but he’s done a fairly good job up until now. Gennette’s parenting skills shall be recognized next month when the chief executive officer of Macy’s, who has announced that he'll exit that role next February, shall be named a Father of the 12 months by the National Father’s Day Council. Gennette and his husband Geoff Welch, a retired graphics producer, shall be honored together with actor Matthew Broderick and Michael Kay, Yes Network’s Latest York Yankees broadcaster, host of the Yes’ “CenterStage” interview show, cohost of “The Michael Kay Show” radio show and cohost with Alex Rodriguez of “KayRod Solid” for Sunday Night Baseball on...

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