Tag Archives: Macy’s Inc.

Macy’s Net Blooms for Q4, Fiscal Year

Macy’s Inc.

CINCINNATI-Macy’s posted increases of 11.1 percent and 11.3 percent in fourth-quarter and fiscal-year net income, respectively, resulting in its fifth straight year of double-digit growth in earnings per share. The bottom-line totals were $811 million for the quarter and $1.5 billion for the fiscal year, which ended on Feb. 1. Net sales in the quarterMore »

Last updated: February 25, 2014

Macy’s, Martha Stewart Settle Legal Dispute

Martha Stewart

NEW YORK-Macy’s Inc. and Martha Stewart Living Omnimedia (MSLO) have reached a settlement of their legal dispute regarding the sale of Martha Stewart-branded home merchandise at J.C. Penney. In brief and almost identically worded statements, the two companies said the terms of the settlement are confidential, will not be disclosed and “are not deemed material”More »

Last updated: January 2, 2014

Macy’s Net Climbs 22.1 Percent in Q3

Macy’s Inc.

CINCINNATI—A bump-up in sales combined with effective controls on expenses to boost Macy’s third-quarter bottom line by 22.1 percent, to $177 million. Net sales increased by 3.3 percent to $6.3 billion, including a 3.5 percent gain in same-store sales, in what Terry Lundgren, Macy’s chairman, president and CEO, characterized as “a very successful third quarterMore »

Last updated: November 13, 2013

Macy’s Lundgren to be Honored at BRAG Event

Terry Lundgren

NEW YORK–Terry Lundgren,  chairman, president and CEO of Macy’s Inc., will receive the BRAG Business Achievement Award during the organization’s Annual Scholarship and Awards Gala next month. BRAG is a not for profit organization dedicated to the inclusion of African Americans and all people of color in retail and related industries. Each year as BRAGMore »

Last updated: September 25, 2013