Author: Andy Polk

Macy’s, Inc. reported first-quarter earnings slid 13.8 percent. Same-store sales dipped 0.1 percent, lower than planned due to delays caused by the West Coast port slowdown, extreme winter weather and lower international tourist spending....

Marvin Ellison, president and CEO-designee, said, "The teams executed extremely well this quarter, resulting in significantly improved performance across the enterprise. It is clear that our strategic initiatives are working to drive profitable sales growth...

Crocs Inc reported sales slumped 16.1 percent in the first quarter, to $262.2 million, in line with expectations. On a currency-neutral basis, revenue decreased 8 percent. The company showed a loss of $6.0 million, or 8 cents a share, against a profit of $6.4 million,...

“We applaud both committees for passing Trade Promotion Authority (TPA) legislation with a strong, bipartisan vote. TPA is critical to finalizing and passing the Trans-Pacific Partnership, a free trade agreement that will greatly benefit American consumers and footwear companies. Our industry paid almost $2.7 billion...