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Macy’s posts 16% increase in Q2 income; raises annual guidance
Cincinnati -- Macy's reported a nearly 16% increase in net income for its second quarter as the chain benefited from cost controls and its ongoing strategy of tailoring its fashions to local markets. The company said it was raising its full-year profit forecast.
Macy's net income rose to $279 million for the three-month period ended July 28, up from $241 million in the year-ago period.
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West Coast sports chain shows growth potential
LOS ANGELES — With just 54 stores located throughout California, Arizona, Nevada and Utah, Sport Chalet may not appear to be much of a threat to the bigger sporting goods players, but with growing sales, particularly online, the specialty chain could prove to be something to watch out for.