Macy’s on Tuesday reported fiscal fourth-quarter earnings and sales that outpaced analysts’ estimates and said that a strategic review has prompted the retailer to accelerate its turnaround plans. It is rejecting calls from activist Jana Partners for it to split its e-commerce operations from its stores, following a similar move by Saks Fifth Avenue. Macy’s…
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The secretive clan behind the Dillard’s department store chain has a reputation for avoiding reporters, refusing to hold earnings calls and dodging investor queries about their results. So low-profile and seemingly unambitious with respect to their peers, they are sometimes called “the Dullards.” But there is nothing dull about the family fortune, which is suddenly…
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Lululemon (LULU+3.6%) is tapped by Baird to meet or exceed FQ3 earnings as the firm tracked sales and markdown trends at the athleisure retailer. Further, data research company M Science estimates that FQ3 revenue grew at 32% Y/Y vs consensus of 28% growth.“We are reassured that LULU can deliver FQ3 results at least in line…
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M Science lifts estimates on Macy’s (M+0.7%) after noting strengthening trends in Q3 on a rebound in October driven by both online and brick and mortar.Analyst Matthew Jacob points to Kids’ and juniors’ products share increasing for Macy’s indicating a strong back-to-school season. In addition, Macy’s (NYSE:M) market spend share is also noted to be…
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The COVID pandemic has been an extreme time for the beauty industry. People have whipsawed between feeling nearly invisible to being super-exposed: Masks covered half of our faces for much of the last 18 months — and, after a brief hiatus, the Delta variant means they’re back — while our looks have moved front-and-center during…
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