Federated Issues Warning For 2nd-Quarter Earnings

Share this content:
Federated Department Stores said yesterday that slow store sales have forced it to reduce its second-quarter earnings by more than one-third.


The Cincinnati-based retailer also cut its earnings projection for the year and will take markdowns on current inventories to improve the outlook for the second half of the year.


Federated expects inventories at the end of July to be at appropriate levels to allow for new merchandise for the fall. The retailer, best known for its Macy's and Bloomingdale's stores, has annual sales of $18.4 billion.


Federated also operates direct mail entities that include Bloomingdale's By Mail and the Fingerhut catalog.


Loading links....

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here