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Macy’s Q3 profit up 4.3%, beats estimates; to stop reporting monthly sales
Cincinnati – Macy’s on Wednesday reported a better-than-expected 4.3% increase in third-quarter net income, helped by sales gains, and slightly raised its full-year profit outlook.
Macy’s also announced that it will discontinue reporting monthly sales, beginning in fiscal 2013. Sales will continue to be reported quarterly, along with earnings and cash flow.
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Emporio Armani, Giorgio Armani, Stuart Weitzman join Mall at Short Hills
Short Hills, N.J. -- Bloomfield Hills, Mich.-based Taubman Centers said that five fashion and accessory boutiques will join its Mall at Short Hills property in Short Hills, N.J.
Emporio Armani, Giorgio Armani, Stuart Weitzman, Thomas Pink and Tourbillon are opening this fall in the luxury center, with four out of the five making their New Jersey debut.