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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"