52
Fashion Jobs
ZALANDO
Head of Engineering - Emerging Propositions
Permanent · HELSINKI
VERO MODA
Myyjä (Vuorotteluvapaasijaisuus) Vero Moda Seinäjoki
Permanent · SEINÄJOKI
ESTÉE LAUDER COMPANIES
Beauty Advisor - Sokos Helsinki (Fulltime Temporary)
Fixed-term · HELSINKI
ESTÉE LAUDER COMPANIES
Full Time Beauty Advisor - Vantaa Airport, Helsinki
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
Estee Lauder Companies - Multi Counter Manager - Stockmann, Turku
Permanent · TURKU
MUJI
Avoin Hakemus - Myymälä
Permanent · HELSINKI
MUJI
Avoin Hakemus - Ravintola
Permanent · HELSINKI
JACK & JONES
Myyjä Jack & Jones Helsinki Outlet
Permanent · HELSINKI
MANGO
Sales Assistant
Fixed-term · VANTAA
RITUALS
Sales Advisor (Summerextra) - Tampere - Ratina Shopping Center
Permanent · TAMPERE
RITUALS
Sales Advisor (Summerextra) - Vantaa - Jumbo
Permanent · VANTAA
JACK & JONES
Kesätöihin Myyjäksi Vero Moda / Jack & Jones Porvoo
Permanent · PORVOO
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Mikkeliin
Permanent · MIKKELI
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Ouluun
Permanent · OULU
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Vaasaan
Permanent · VAASA
MONKI
Sales Advisor, 10h (Summer Help Temporary)
Fixed-term · VANTAA
VERO MODA
Myyjä Vero Moda Seinäjoki Idepark
Permanent · SEINÄJOKI
ESTÉE LAUDER COMPANIES
MAC Make-up Artist (20h/Week) - Sokos Tampere
Permanent · TAMPERE
ESTÉE LAUDER COMPANIES
Beauty Advisor (30h/Week) - Stockmann Helsinki
Permanent · HELSINKI
MASSIMO DUTTI
Sales Assistant Massimo Dutti, Helsinki
Permanent · HELSINKI
H&M
Sales Advisor, 15h - Kesätyö
Permanent · SEINÄJOKI
H&M
Sales Advisor, 10h - Kesätyö
Permanent · KOTKA
Published
Jan 5, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Higher holiday spending brings temporary relief to Macy's

Published
Jan 5, 2018

After a dismal 2017 with 100 store closures, Macy's reported an increase in December's comparable sales with higher holiday spending, boosted by exclusive products; activewear and beauty.



December comparable sales were up 1 percent over last year across all Macy's channels including Macy’s, Macy’s Backstage, Bloomingdale’s, Bloomingdale’s The Outlet and Bluemercury.

Macy’s, Inc. CEO Jeff Gennette said customers were ‘ready to spend’ this holiday season, pointing to Macy's new loyalty program as a source of increased sales. "We saw improved sales trends in our stores and continued to see double-digit growth on our digital platforms," Gennette said.

Top categories that drove increased holiday sales were active apparel, shoes, dresses, coats, fine jewelry, men’s tailored clothing, children's and home. Exclusive gifts and beauty items were top performing products. Within the beauty category, fragrances; prestige skincare; and cosmetic gifting drove sales.

The company also announced that it has raised its earnings guidance due to a one point drop in its tax rate from 37 percent to 36 percent. While it still is anticipating sales declines for 2018, it expects the declines to be less extreme than initially forecast.

The company is now looking to digital to transform its sales figures.  "A healthy store base combined with robust digital capabilities is Macy’s recipe for success," Gennette explained, adding that in 2018, the department store chain will be "focused on continuous improvement and [we] will take the necessary steps to move faster, execute more effectively and allocate resources to invest in growth.”

As part of the reorganisation, Macy's has said it will close an additional 11 stores in early 2018. Including the upcoming 11 closures, the company will have closed 124 stores since 2015. These closures will save the company $300 million in annualized expenses which Macy's plans to reinvest in the business.

On the subject of the newly introduced US corporate federal tax rate reduction, the company said that the reduction from 35 percent to 21 percent will result in a non-cash tax benefit of approximately $550 million to $650 million. This source of additional income is not included in the earnings guidance.




 

Copyright © 2024 FashionNetwork.com All rights reserved.