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16 Nov

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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7 Nov

Fashion’s Top Takeaways From Tech Earnings

by Beautifaire101

Beauty, Featured

Fashion’s Top Takeaways From Tech Earnings

The most recent round of tech earnings isn’t quite over yet, but with Apple’s numbers added to the heap last week, probably the most influential platforms for fashion, beauty and e-commerce have all weighed in — and by and huge, Big Tech appears to be back. Kind of. Apple’s fiscal fourth-quarter revenue of $89.5 billion beat expectations, as did other top-line figures from fellow giants Google, Meta and Amazon. But this time, it took more to impress investors, who cared less about raw numbers than the businesses’ plans, particularly in an era of artificial intelligence that’s driving radical changes in areas like shopping and fashion. Even an apparent rebound in internet marketing seemed somewhat anticlimactic, as a recent measure of...

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29 Oct

Top Women in Beauty Championing the Success of Others

by Beautifaire101

Beauty, Featured

Top Women in Beauty Championing the Success of Others

Cristina Nuñez Cristina Nuñez Mary Beth Koeth/WWD Cofounder and general partner, True Beauty Ventures The statistics are terrible. In 2022, lower than 2 percent of enterprise capital funding went to women and lower than 1 percent to women of color. There are two parts to this. Enterprise capitalists are predominately male — women represent only 9 percent of enterprise capitalists and eight percent of firm partners. I attempt to make a difference directly, by investing and putting dollars to work to be able to change those statistics about female founders, and likewise not directly, by giving a recent face to what a enterprise capital or private equity skilled looks like. I don’t have the normal profile of what you think that of when you...

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26 Oct

WWD Honors Top Leaders and Creators within the Fashion,

by Beautifaire101

Beauty, Featured

WWD Honors Top Leaders and Creators within the Fashion,

Tuesday night’s WWD Honors was stuffed with poignant acceptance speeches, pledges that many fashion and wonder corporations are on paths to even greater success, an invite to Barcelona, and a presentation from Oscar-winning actress Jennifer Lawrence. WWD awarded quite a few designers and fashion, beauty and retail corporations with WWD Honors, recognizing their significant achievement of their respective categories. While some honorees were just getting began on their business journeys, Jeff Gennette, chief executive officer of Macy’s Inc., was recognized for his unparalleled 40-year journey to the highest of the retail world as he prepares to retire in February and pass the reins to Bloomingdale’s executive Tony Spring. Gennette, who received the Edward Nardoza Creative Leadership Award, studied creative writing and...

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