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Macy’s Q3 earnings surge, announces plans for three new stores
Cincinnati -- Macy's net income surged in the third quarter amid strong sales. The retailer on Wednesday also raised its full-year profit outlook and announced plans to build two new stores in New York and one in California.
Macy's earned $139 million for the three months ended Oct. 29, up from $10 million, in the same period last year. Revenue increased 4.1% to $5.85 billion. Same-store sales rose 4%.
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Urban Outfitters restructures leadership
PHILADELPHIA — Urban Outfitters Monday announced leadership changes at Anthropologie, Terrain and Urban Outfitters.
David McCreight has been appointed CEO Anthropologie Group, effective Nov. 15. In this new role, McCreight will be responsible for Anthropologie North America, Anthropologie Europe and BHLDN.