Federated Posts Share Increases NEW YORK — Federated Department Stores Inc. saidMonday it will earn 33 cents per share more than expected in the second quarter because of a favorable tax settlement.The retailer guided second-quarter earnings, including the adjustment solely for the tax settlement, to between 78 cents and 88 cents. It also estimated earnings per share for the year at $3.83 to $4.08.
Wal-Mart Propelled By Upward Sales NEW YORK — At Wal-Mart Stores Inc., income for the quarter ended April 30 gained 6.3 percent to $2.62 billion, or 63 cents a share, from $2.46 billion, or 58 cents, in the same year-ago period. Sales rose 12.3 percent, which included a same-store sales gain of 3.8 percent for its U.S operation. By division, sales at Wal-Mart stores rose 10.2 percent to $52.5 million, while comps gain 3.8 percent. Sam’s Club sales increased 6.8 percent to $9.8 million, with a 4.3 percent rise in comps. The international operation posted a 22.9 percent gain in sales to $17.3 million.
Saks' Northern Department Store Sale Aids Profits NEW YORK - Saks Inc. reported a first-quarter profit due to a one-time gain on the sale of its Northern Department Store Group. For the three months ended April 29, income was $81.5 million, or 60 cents a diluted share, compared with $16.2 million, or 11 cents, a year ago. Wall Street consensus estimates had the first-quarter earnings per share at 9 cents. Sales for the quarter, however, declined by 32.9 percent to $1.04 billion from $1.55 billion, while comps decreased by 1.9 percent.
American Eagle Profits Up NEW YORK - Specialty chain American Eagle Outfitters said first-quarter results for the three months ended April 29 reflected a 16.1 percent gain in profit to $64.2 million, or 42 cents, from $55.3 million, or 35 cents, in the same year-ago quarter. Sales rose 14.4 percent to $522.4 million from $456.5 million, while comps increased 9 percent on top of the 27 percent gain a year ago.
TJX Reports Income Increase NEW YORK - The TJX Cos. Inc., a specialty retailer of off-price stores, for the quarter ended April 29 posted a 20.8 percent increase in income to $163.8 million, or 34 cents a diluted share, from $135.6 million, or 28 cents, last year. Sales in the quarter rose 6.7 percent to $3.90 billion from $3.65 billion, while comps inched up 1 percent. For complete coverage, see tomorrow's WWD.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)