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16 Nov

Macy’s Profits Top Expectations Despite Decline

by Beautifaire101
Beauty, Featured
Macy’s Profits Top Expectations Despite Decline
Shares of Macy’s Inc. shot up 12.4 percent to $14.17 in premarket trading on Thursday because the retailer showed some unexpected strength on the underside line because it navigated a troublesome sales environment.   The corporate’s adjusted earnings per share fell to 21 cents within the third quarter from 52 cents a yr earlier, but that was well ahead of the breakeven performance analysts had penciled in, based on FactSet.  Net income fell 60 percent to $43 million, or 15 cents a diluted share, from $108 million, or 39 cents, a yr earlier. Revenues for the three months ended Oct. 28 decreased 7.8 percent to $5 billion from $5.5 billion a yr earlier.   Jeff Gennette, chairman and chief executive officer of Macy’s, said: “We delivered...
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14 Dec

Inditex Profits Gain 24 Percent in First 9 Months

by Beauty Tips
Fashion, Featured
Inditex Profits Gain
Inditex Profits Gain PARIS – Zara parent company Inditex is showing resilience amid global economic jitters. Inditex Profits Gain The Spanish fast-fashion company reported net profits rose 24 percent in the primary nine month of the fiscal 12 months, reaching 3.1 billion euros. Between Nov. 1 and Dec. 8, store and online sales increased 12 percent at constant exchange rates versus the identical period in 2021. “In the present difficult context, these results clearly reflect the strength of our unique business model: fashionable collections, an appealing shopping experience and a team highly committed to achieving profitable and more sustainable growth,” said Inditex chief executive officer Oscar Garcia Macieras. EBITDA in the primary nine months was up 20 percent to six.5 billion euros. This all comes as...
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