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BUSINESS
March 17, 1993 | From Times Staff and Wire Reports
Macy's Reports a Profit: Retailer R. H. Macy & Co. said in New York it had a disappointing fall season despite a profit for its second quarter ending Jan. 30. Macy's reported a net profit of $8.9 million, but the results included the reversal of an earlier interest payment. Sales improved over the same period in 1992, when the results were affected by lack of merchandise shipments during its Chapter 11 filing. Macy's owns I. Magnin and Bullock's. Macy's filed Chapter 11 in January, 1992.
NEWS
September 28, 1987
I. Kingdon Hirsch, who took much of the fortune he earned in manufacturing and investments and put it into philanthropic causes in Los Angeles, died Sunday at Cedars-Sinai Medical Center. The co-founder, with his late wife, of the Didi Hirsch Community Mental Health Center was 77 and died of the complications of a stroke, said his son, David. A 1931 graduate of the University of Pennsylvania, Hirsch became merchandise manager of the R. H. Macy Co.
BUSINESS
June 2, 1995 | From Associated Press
The nation's leading retailers reported Thursday that sales perked up somewhat as warmer weather returned in May, but store owners and industry analysts are cautious about the outlook for business in the coming months. Some apparel retailers said sales of women's clothing, which have been disappointing for several years, showed signs of picking up. But business was still choppy at many stores. Melville Corp. said its results reflect continued weakness in apparel sales at its Marshalls chain.
BUSINESS
March 31, 1996
Family Restaurants Inc. has named Roger K. Chamness as president of its Chi-Chi's division and William D. Burt as president of its El Torito operations. Chamness, a 15-year restaurant industry veteran, most recently served as executive vice president of finance and administration at Family Restaurants. Chamness succeeds Jack McGregor, an executive who joined the company temporarily in late 1995 to help with an ongoing reorganization.
BUSINESS
January 7, 1997 | GEORGE WHITE, TIMES STAFF WRITER
Holiday retail sales brought good tidings for the new year to two newcomers to Southern California's competitive retail industry. Though final figures aren't in, sales at Southland Bloomingdale's stores and at the Mills Corp.'s Ontario Mills mall are exceeding the chains' national averages, company officials say. When Bloomie's and Ontario Mills debuted here last November, they were like two big fish diving into a very big pond.
BUSINESS
February 7, 1992 | CARLA LAZZARESCHI, TIMES STAFF WRITER
The nation's largest retailers Thursday reported that January sales rose at their steepest pace in nearly two years, but they declined to predict whether the increase is a signal of resumed consumer spending and confidence. Such a conclusion, several analysts said, cannot be accurately made until at least March or April, and only then if retail sales are running consistently ahead of last year's level.
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