SGB Update

Macy’s Sees Fiscal Q4 Sales At Low-End To Mid-Point Of Guidance

Macy’s, Inc. reported that net fourth-quarter sales are now expected to be at the low-end to mid-point of the previously issued range of $8,161 to $8,401 million while adjusted diluted EPS is expected to be in the previously issued range of $1.47 to $1.67.

Genesco Sees 3 Percent Holiday Comp Gain

Genesco Inc. announced that comparable sales, including both stores and direct sales, increased by 3 percent for the quarter-to-date period ended December 24, 2022. The parent of Journeys now expects fiscal 2023 adjusted EPS to be at the low end of the most recent guidance range.

Macy’s To Close Four Stores

Macy’s confirmed it is closing four stores in Los Angeles, CA; Fort Collins, CO; Oahu, HI; and Gaithersburg, MD.