NEW YORK — There’s momentum at Macy’s Inc. and that has executives feeling good about Christmas despite the shorter calendar and languid economy.
On Wednesday, the department store giant said third-quarter net earnings rose 22 percent to $177 million from $145 million in last year’s quarter. Total sales in the quarter ended Nov. 2 rose 3.3 percent to $6.28 billion, from $6.08 billion. Including licensed and leased shops, sales were up 4.7 percent.
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?"