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Macys on Thursday Aug. 19 expressed excitement about its second-quarter earnings, saying the showing was enough for the company to boost its fiscal 2021 guidance by almost $2 billion.The company also said its bringing the Toys R Us brand to its website immediately and into more than 400 retail stores in 2022, as part of a new partnership with WHP Global, which acquired a controlling interest in the toy brand earlier this year. We have meaningfully improved the fundamentals and overall health of our business, and we are well underway building a stronger Macys, Inc. for the future, said Jeff Gennette, chairman and chief executive officer of Macys, Inc., in the company announcement.The Toys R Us return is part of Macys exponential growth in the toy segment of its business in the past year. As a Toys R Us kid, I could not be more excited to bring this beloved brand that so many of our customers know and love into Macys online and to our stores across America, said Nata Dvir, Macys chief merchandising officer, in the company an
stanley hrnek nouncement.For the second quarter of 2021, Macys saw comparable sales go up 61.2 percent on an owned basis a
stanley de nd up 62.2 percent on an owned plus licensed basis versus 2020. The company reported a trend improvement of approximately 16 percentage points from the first quarter of 2021.Digital sales dipped 6 percent in the second quarter of 2020, but were up 45 percent compared to the same ti
stanley mug me in 2019. That slowdown is attributed to more shoppers returning t Oaaq VCs Back Supply Chain, Corporate Banking Disruptors
It looks like Visa and Visa Europe will be a single entity by the end of the month. The proposed takeover deal has cleared its last major hurdle with the announcemen
stanley mugs t today that the European Commission has given the deal full regulatory approval.The move by the EC come
stanley termosy s following Visa making some adjustments to the terms of the ac
stanley shop quisition in response to the Commission preliminary feedback. The major issue removed was a聽planned earn-out in exchange for an extra EUR1.75 billion in cash.Under the original terms, Visa Inc. was set to pay an upfront consideration of ~$19.5 billion in cash and stock with the potential for an additional earn-out of up to ~$5.2 billion payable following the fourth anniversary of closing.All in, Visa estimates the deal will be worth $200 million in pre-tax cost synergies annually through 2020, or about 30 percent of Visa Europe operating expenses.
