follow us

Macy's posts strong Q1, home textiles a winner

Retail Editor 2 -- Home Textiles Today, 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.

Featured Video

  • Online Moves From Afterthought To Main Thought For Textiles Suppliers

    Camera Icon More Videos

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Furniture Today