Macy’s Stock Rises; In-Store Backstage Outlets Planned

Macy’s, Inc. reported fiscal 2015 earnings per diluted share of $3.22. The company’s Q4 and full-year sales and earnings exceed the company’s most recent guidance. “While 2015 was challenging, our sales trend improved in January as the weather turned colder in northern climate zones and Macy’s and Bloomingdale’s were well-stocked in coats, boots, sweaters, gloves, […]

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Dillard’s Q4 Misses Estimates; Accessories Sales Stronger

Dillard’s, Inc. released its earnings, reporting 2.25 EPS for the quarter, missing the Zacks’ consensus estimate of $2.48 by $0.23, according to MarketBeat.Com. Even so, the company traded up 8.2% today, according to SeekingAlpha, despite a lack of any sales guidance or conference call commentary. Dillard’s shares are at a year peak. Net sales for […]

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More California Prop 65 Notices

Professional California Proposition 65 litigant Anthony E. Held issued new “60-day” notices in the past few weeks alleging that brands and retailers sold Vinyl/PVC Toiletry Cases, Vinyl/PVC Wallets/Pouches, and Tote Bags with Vinyl/PVC Handles (Notice 1) in California that contained Di(2-ethylhexyl)phthalate (DEHP) in violation of a California law known as…

Senate Approves Customs Bill

On February 11, the U.S. Senate approved H.R. 644,  the conference report for the long-stalled customs reauthorization legislation. President Barack Obama is expected to sign the bill shortly. The legislation contains key provisions important to the industry, including important customs trade facilitation measures such as raising the de minimis threshold and addressing duty drawback, new…