Macy’s Inc., lifted by its omnichannel and localization strategies, on Tuesday reported higher profits for last year and said it expects a strong 2013.
The retailer said fourth-quarter diluted earnings per share rose 5.3 percent to $1.83 versus $1.74 in the year-ago period. Excluding early retirement of debt and store closing costs, diluted EPS in the quarter came to $2.05, beating Wall Street expectations of $1.99.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)