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Macy’s plans new store in Puerto Rico
CINCINNATI — Macy’s plans to open its second store in Puerto Rico in fall 2015.
The two-level, 150,000-sq.-ft. store will be located in the Plaza Del Caribe mall in Ponce. Construction is slated to begin next year and the store is expected to employ 275 associates.
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Cold weather chills Genesco’s Q1 sales, earnings
NASHVILLE, Tenn. — Genesco, a specialty footwear and apparel retailer operating numerous brick-and-mortar and online retail brands including Journeys and Lids.com, reported declines in earnings and net sales for the first quarter of fiscal 2014.
The company’s earnings declined 11% to $18.5 million from $20.8.
Net sales decreased 1.5% to $591 million from $600 million. Same-store sales fell 4%. Earnings remained slightly ahead of the company’s expectations.