Tag Archives: Bloomingdale’s

Macy’s Net Rises 3.9 Percent in Q2

Macy’s

CINCINNATI-With sales trending up thanks to a rebound in traffic after a difficult winter, Macy’s second-quarter net income increased 3.9 percent to $292 million. Net sales in the quarter, which ended on Aug. 2, were up 3.3 percent to $6.3 billion, including a pickup of 4 percent in same-store sales. Terry Lundgren, Macy’s chairman andMore »

Bloomingdale’s Spring Named Father of the Year

Tony Spring

NEW YORK-The National Father’s Day Council has awarded Tony Spring, Bloomingdale’s chairman and CEO, with a Father of the Year honor for 2014. Spring will receive his award at the 73rd annual Father of the Year awards luncheon here on June 4, with proceeds benefiting Save the Children’s U.S. programs. He will be honored alongMore »

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 »

Adesso Co-Founder Passes

Peggy Traub

NEW YORK–Peggy Traub, a co-founder of Adesso Home and its president and CEO, passed away Jan. 13 after a long battle with cancer. She was 55. Traub founded the company with Lee Schaak in 1994, and since then Adesso has become a successful company in lighting and ready-to-assemble furniture. Traub was also a big believerMore »

Josh Groban Unveils Bloomie’s Holiday Windows

Josh Groban

NEW YORK–Bloomingdale’s unwrapped its holiday windows last night with multiplatinum singer and songwriter Josh Groban introduced by a special opening performance by the New York City Children’s Chorus. Onlookers were delighted as each window unwrapped a surprise of oversized presents celebrating holiday shopping around the globe including China, France, Great Britain, Italy, and the worldMore »

A Lesson in Retail

Michael Gould

Last week brought the announcement that Michael Gould will step down as head of Bloomingdale’s this coming February. Gould is preparing to leave the scene at a time when the business world is wondering whether two other iconic retailers, J.C. Penney and Sears, will survive. The two chains have taken different routes to get toMore »

Macy’s Net Virtually Flat in Q2

Macy’s

CINCINNATI-In what Terry Lundgren, chairman, president and CEO, termed a “softer than anticipated” quarter, Macy’s posted net income of $281 million in its second quarter, 0.7 percent ahead of last year’s second quarter. Net sales were down 0.8 percent to $6.1 billion in the quarter, which ended on Aug. 3, including 0.8 percent drop inMore »