Macy's posts strong Q1, home textiles a winner

Retail Editor 2, May 15, 2013

Cincinnati - Home textiles was again singled out as among Macy's strongest merchandise category performers, along with furniture, during the department store chain's first quarter.
Macy's Internet and omni-channel businesses also "continued to fuel growth," said cfo Karen Hoguet during Macy's earnings call this morning.
Net income for the 13 weeks, ended May 4, rose 20% to $217 million, and earnings per share were up 28% to 55 cents.
Sales increased 4.0% to $6.387 billion, and comparable store sales - which include net sales from stores open at least one full fiscal year as well as online sales at and - grew by 3.8%.
Average unit retails and transactions were both up - 2.5% and 1.7%, respectively, while units per transaction were down slightly, the company noted.

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