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Accessories Magazine’s 2013 Merchants Hall of Fame Inductees

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Features

New York—Accessories Magazine is proud to announce the 3rd round of inductees into its annual Merchants Hall of Fame. The recipients were selected by the vendor and retailing community for their exceptional retailing expertise and business/fashion acumen. Each received a full-page profile in Merchants Hall of Fame section in the …

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October Retail Comps Up; Sandy Effects Yet to be Felt

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New York—While October retail comparable store sales increased nearly 5%, some retailers cautioned today that their November—and even holiday totals—could be adversely affected by the Superstorm Sandy. Of the 17 retailers (excluding drugstores) tracked by Thomson Reuters that posted October results today, overall comparable store sales rose 4.7% better than …

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Still Stifled By Storm After Effects, Some Retailers Reopen in New York

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New York—Although nearly 6 million customers in the greater metropolitan area remain without power, some retailers and business opened today after being closed for at least two days in the wake of Hurricane Sandy’s devastating blow. Bloomingdale’s, Macy’s Herald Square and Saks Fifth Avenue flagship stores in Manhattan opened today …

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Marvin Traub, Former Bloomingdale’s Chairman, Dies

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People

New York–Marvin Traub, former Bloomingdale’s chairman/ceo and legendary retail impresario generally credited with creating “retail as theater,” died Wednesday at his home of bladder cancer. He was 87. As a recent master’s degree graduate from Harvard Business School in 1950, Traub started at Bloomingdale’s at the bottom—literally—in charge of the …

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Macy’s Inc. Q3 Profit Beats Estimates, Raises Full Year Outlook

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Cincinnati—Buoyed by “strong sales” at its Bloomingdale’s stores and continued increases in online sales, Macy’s Inc. reported today that its third quarter profit easily beat expectations. As a result, the department store retailer raised its full year earnings forecast. For the quarter ended Oct. 29, Macy’s Inc. posted a net …