Your current location:HOME >health >Macy's tops expectations for the first quarter as luxury and beauty sales shine 正文
TIME:2024-05-22 11:14:30 Source: Internet compilationEdit:health
NEW YORK (AP) — Macy’s sales and profits fell during the first quarter as higher costs and other fin
NEW YORK (AP) — Macy’s sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending.
Yet the quarterly results Tuesday beat Wall Street expectations. And Macy’s, which also operates upscale Bloomingdale’s and beauty chain Bluemercury, said it is seeing a positive impact from its turnaround efforts that include closing underperforming stores and upgrading others. Macy’s also raised its annual outlook.
Americans are still spending but they’re getting more selective and are also more likely to wait until something goes on sale. Retailers are also seeing higher delinquency rates in their credit card businesses.
CEO Tony Spring, who took over in February, said that all income groups are being more thoughtful with their spending. Bloomingdale’s, for example, registered weaker sales in luxury handbags and shoes as consumers shift to less expensive collections.
At least 6 Egyptian women die after vehicle slides off ferry and plunges into Nile River2024-05-22 11:12
Timeline of the Assange legal saga over extradition to the US on espionage charges2024-05-22 11:02
Stars shining at San Siro as Inter celebrates 20th Serie A title2024-05-22 10:55
Antiques Roadshow guest is left shell2024-05-22 10:35
Germany far2024-05-22 10:26
China sanctions Boeing, two U.S. defense contractors for Taiwan arms sales2024-05-22 09:48
Will AI replace doctors who read X2024-05-22 09:47
PGA Championship at a glance2024-05-22 09:41
Nicaraguan police are monitoring the brother of President Daniel Ortega2024-05-22 09:40
String of pars weren't enough for Collin Morikawa as others shot birdies at PGA Championship2024-05-22 09:11
Parker and Sloan combine to pitch a three2024-05-22 10:45
Iran Foreign Minister Hossein Amirabdollahian dies in helicopter crash2024-05-22 10:38
Frontier Airlines, stuck in a money2024-05-22 10:28
U.S. move of tariff hikes sets bad example for free trade2024-05-22 09:59
France hits go2024-05-22 09:37
Elizabeth Hurley, 58, displays her incredible figure in a white bikini on holiday2024-05-22 09:24
Kevin Costner sheds happy tears during 102024-05-22 09:21
Kevin Costner sheds happy tears during 102024-05-22 09:06
Head of FEMA tours deadly storm damage in Houston area as more residents get power back2024-05-22 09:01
Galatasaray must wait to seal Turkish league title after home loss to fierce rival Fenerbahce2024-05-22 08:47