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Fashion Jobs
L'OREAL GROUP
Giorgio Armani Beauty Business Manager - Brown Thomas Limerick
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Assistant Store Manager - bt Dublin H/F
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Sales Assistant f/m - Full -Time - Brown Thomas Dublin
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MAJE
Store Manager - Maternity Cover - Kildare Outlet
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SANDRO IRLANDE
Sales Assistant - 7.5 Hours - Kildare Mixte m/f
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MAC
Mac - Retail Artist - bt2, Dundrum - 24 Hours - Part-Time - Permanent
Permanent · Dublin
MAC
Mac Cosmetics - Key Holder - Limerick, Brown Thomas - 37.5 Hours - Full Time, Temporary
Fixed-term · Limerick
MAC
Mac Cosmetics - Key Holder - Blanchardstown, bt2 - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
MAC
Mac Cosmetics - Retail Artist - bt2, Blanchardstown - 24 Hours - Part Time, Permanent
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RITUALS
Rituals Advisor
Permanent · Cork
RITUALS
Assistant Store Manager
Permanent · Dublin
LEVI'S
vm/Sales Stylist 20+ Hours pw
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LA MER
la Mer - Counter Manager - Brown Thomas, Galway - 37.5 Hours - Full-Time - Permanent
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RITUALS
Rituals Advisor
Permanent · Dublin 1
L'OREAL GROUP
IT Cosmetics Beauty Advisor bt2 Dundrum (Fixed Term 6 Months)
Fixed-term · Dublin 16
L'OREAL GROUP
l'Oréal Designer Fragrances - Mobile Fragrance Expert Dublin
Permanent · Dublin
L'OREAL GROUP
Lancôme Make-up Artist - Brown Thomas Dublin
Permanent · Dublin
L'OREAL GROUP
Kiehl's Customer Representative (Kcr) Arnotts, Dublin
Permanent · Dublin
HUGO BOSS
Supervisor - Dublin Grafton Street
Permanent · Dublin
RITUALS
Counter Manager
Permanent · Cork
SANDRO IRLANDE
Sales Assistant - 15 Hours - Kildare Mixte m/f
Permanent · NEW YORK
RITUALS
Rituals Advisor
Permanent · Limerick
By
Reuters
Published
Jul 14, 2008
Reading time
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Macy's "financially healthy," says chief executive

By
Reuters
Published
Jul 14, 2008

SAN FRANCISCO (Reuters) - Macy's Inc is "financially healthy" in spite of the declining value of its share price, Chief Executive Terry Lundgren wrote in a letter to executives on Friday.



Devanture d'un magasin Macy's

Macy's sales at stores open at least a year were down 1.9 percent for the first two months, May and June, of the company's fiscal second quarter, he wrote.

The department store chain was outperforming competitors and taking market share from rivals "in this challenging economic environment," he said.

The letter, obtained by Reuters, was to be filed with the U.S. Securities and Exchange Commission, a spokesman for Macy's said.

Macy's shares have fallen 61 percent in the past year and 19 percent since July 1.

In May, the company posted a $59 million loss in its first quarter, hurt by restructuring charges, but stood by its full-year earnings forecast.

The company is trying to trim costs and improve sales, which have suffered in the weak U.S. economy as middle-income shoppers have pulled back on spending, whether for apparel or home goods.

The chain no longer posts monthly same-store sales data, which is a key gauge of retail performance for Wall Street.

Macy's, which also operates the upscale Bloomingdale's chain of stores, has strong cash flow, Lundgren wrote, and recently issued $650 million in new debt to retire existing debt maturing in the third quarter.

"And we have $2 billion in bank credit agreements in place, which we can tap when needed," Lundgren said.

Lundgren cited the weak stock market and retail shares that have declined in value in recent months and said it was important for executives to "understand the direction of business at Macy's, Inc."

"I recognize how distracting the economy is for all of our people. The headlines and newscasts are overflowing with gloom and doom. In spite of it all, I am proud of how our organization has risen to the challenge of continuing to embrace change, serve our customers and innovate with unique new merchandise and marketing and selling programs," Lundgren wrote.

"This is a time for us to maintain our focus, and I thank you in advance for doing so."

(Reporting by Alexandria Sage; editing by Carol Bishopric)

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