A person exits the Macys Flagship store in New York City on January 14, 2025. Macy's declined 2.4% to $4.7 billion during the third quarter of their Overall sales which ended Nov. 2, 2024, giving as result that 66 of the approximately 150 locations of the company will close by 2026, Closing any store is never easy, but as part of our Bold New Chapter strategy, says chairman and chief executive officer of Macys, Inc. Tony Spring. (Photo by Eduardo MunozAlvarez -VIEWpress/Getty Images)Macy's on Wednesday gave ...

Core Insights - Victoria's Secret (VSCO) shares surged after the company reported better-than-expected third-quarter results and raised its guidance due to reduced promotions and increased prices [1][5] Financial Performance - The company reported a third-quarter loss of $0.46 per share, which was $0.13 lower than analysts' forecasts [1] - Revenue increased by 9.2% to $1.47 billion, surpassing expectations, with comparable store sales up by 5% and direct-to-consumer sales gaining 8% [1][6] - North American sales rose by 5.4% to $778 million, while direct-to-consumer sales increased by 4.3% to $428.5 million; international sales saw a significant jump of 33.5% to $264.8 million [3] Strategic Initiatives - The company's turnaround strategy focuses on fewer promotions and more full-price selling, which appears to be effective as indicated by comparable sales growth and improved margins [2] - Adjusted gross margin grew by 170 basis points, attributed to a reduced promotional approach and higher regular-priced selling [4] Future Outlook - Victoria's Secret raised its full-year adjusted EPS guidance to between $2.40 and $2.65, and revenue expectations to $6.45 billion to $6.48 billion, up from previous estimates of $1.80 to $2.20 for EPS and $6.33 billion to $6.41 billion for revenue [5]