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.

Featured Video

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT digital edition

See the June 2017 issue of Home & Textiles Today. In this issue, we discuss how U.S, ports are gearing up for the future, and what to expect from second half trade shows. See details!