Macy’s Inc., the second-largest U.S. department-store company, forecast profit for its next fiscal year ahead of analysts’ estimates and disclosed a program to cut costs that includes eliminating about 2,500 jobs.
American Eagle Outfitters Inc. climbed the most since 2000 after reporting preliminary first-quarter profit that topped analysts’ estimates as the apparel chain was able to sell more merchandise at full price.
Men’s Wearhouse Inc. urged Jos. A. Bank Clothiers Inc.’s independent directors to reconsider its $1.61 billion bid and said it’s prepared to increase the offer if additional value can be found during due diligence.
Men’s Wearhouse Inc., the retailer that spurned Jos. A. Bank Clothiers Inc. as a buyer only to pursue it as a target, reported fiscal third-quarter earnings that exceeded analysts’ projections as sales increased.
Aeropostale Inc., the operator of more than 1,000 teen and children’s apparel stores in North America, rose the most in almost two years after private-equity firm Sycamore Partners took an 8 percent stake in the company.
Bond investors awarded Nordstrom Inc. its lowest borrowing cost ever on a sale of 10-year bonds this week as the high-end U.S. department-store chain founded in 1901 shows that it’s able to withstand slowing economic growth.