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Fashion Jobs
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time: Fashion Valley
Permanent · SAN DIEGO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time, Roosevelt Field
Permanent · Garden City
ABERCROMBIE AND FITCH CO.
Vice President, Enterprise Systems (Remote)
Permanent · Columbus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Palisades
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URBN
Urban Outfitters Visual Merchandising Manager
Permanent · SAN ANTONIO
URBN
Anthropologie Senior Design Director
Permanent · PHILADELPHIA
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Anthropologie Visual Merchandising Manager
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ADIDAS
Senior Manager Human Resources - dc Operations
Permanent · WILKES-BARRE
GAP INC.
Asset Protection Service Representative - Gap Downtown Crossing
Permanent · Boston
NORDSTROM
Asset Protection - Agent - Cascade Plaza Rack
Permanent · Beaverton
NORDSTROM
Asset Protection - Agent - The Oasis at Sawgrass Mills Rack
Permanent · Sunrise
NORDSTROM
Asset Protection - Agent - Tacoma Mall
Permanent · Tacoma
NORDSTROM
Asset Protection - Agent - City Creek Center
Permanent · Salt Lake City
NORDSTROM
Area Maintenance Manager - West Coast Omni Center - Riverside, ca
Permanent · Riverside
NORDSTROM
Senior Maintenance Manager - West Coast Omni Center - Riverside, ca
Permanent · Riverside
NORDSTROM
Asset Protection - Agent - Centre at Post Oak Rack
Permanent · Houston
NORDSTROM
Manager - Asset Protection - Twelve Oaks
Permanent · Novi
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Mechanicsburg
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time, Roosevelt Field
Permanent · GARDEN CITY
URBN
Free People Assistant Visual Manager
Permanent · SKOKIE
URBN
Urbn Product Manager - Data Science
Permanent · PHILADELPHIA
By
Reuters
Published
Aug 19, 2021
Reading time
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Macy’s, Kohl's get boost from back-to-school, fashion and beauty strength

By
Reuters
Published
Aug 19, 2021

US department store chains Macy's and Kohl's Corp are leaning on a strong back-to-school season to sustain a sales recovery fueled by shoppers splurging on perfumes, shoes and dresses.


Reuters



Shares of the companies rose on Thursday following the increased annual sales forecasts, with Macy's up 17% on its decision to restart paying dividends paused last year due to the uncertainty caused by the pandemic. Kohl's stock rose 8%.

The back-to-school shopping season, which runs from mid-July through to early September and is the second most important time of the year for department stores, is expected to be a big boost to Macy's following a year when students were more mostly confined to home computer screens.

"As kids go back to school, we're getting people shopping for categories that weren't strong last year — apparel, footwear, backpacks. That is incredibly important for department stores that were hit last year," said Jessica Ramirez, retail analyst at Jane Hali & Associates.

Industry estimates expect total back-to-school spending on items to cross $100 billion this year, with stimulus checks and advance child tax credits expected to buoy sales.

Sales surged 59% at Macy's and 31.4% at Kohl's in the second quarter, as social events resumed and offices gradually reopened in the United States following vaccinations.

"We saw continued strength in dressy apparel, fine jewelry and fragrance as our customers prepared for in-person social events and back to school," Macy's Chief Executive Officer Jeffrey Gennette said in a post-earnings call.

The company had pulled in nearly 5 million new customers in the second quarter, he added.

Eyeing the shift to retail stores, Macy's also announced plans to launch Toys "R" Us shop-in-shops in 400 of its outlets from next year.

Both Macy's and Kohl's said they were expediting supplies faster than planned, in a nod to concerns among shoppers of sparsely stocked store shelves during this year's holiday season.

Macy's said it expects full-year net sales of $23.55 billion to $23.95 billion, compared with its previous forecast of $21.73 billion to $22.23 billion.
Kohl's expects full-year net sales to increase in a low-twenties percentage, against a previous estimate of a mid-to-high teens percentage rise.

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