Macy’s feels good about the future, particularly after a strong second quarter overcoming economic headwinds and disruptive renovations at its Herald Square flagship here.
On Wednesday, Macy’s Inc. reported that net income in the quarter ended July 28 rose 16 percent to $279 million from $241 million, marking the retailer’s 10th-straight quarterly gain. As a result, the retailer raised its earnings guidance for 2012 to a range of $3.30 to $3.35 a diluted share, compared with previous guidance of $3.25 to $3.30. However, Macy’s kept its forecast for same-store sales in fiscal 2012 unchanged at about 3.7 percent ahead.
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?"