NEW YORK — Charges to consolidate several divisions pulled May Department Stores Co.’s second-quarter profits into a steep dive.

Cost savings from that tightening, though, will help the St. Louis-based parent of Lord & Taylor and Hecht’s in the second half, when sales — negative so far this year — also are expected to pick up.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus