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Macy's net income surged in the second quarter as the chain saw a payoff from its focus on exclusive moderately priced fashions and tailoring its assortments to local markets. Based on strong revenue expectations, Macy's boosted its full-year profit forecast. The chain posted net income of $147 million for the period ended July 31, compared with $7 million in the same period last year. Revenue rose 7.2% to $5.54 billion. Same-store sales were up 4.9%.In recent months, Macy’s has emerged as a winner, particularly in the important battle for back-to-school consumers.“We believe our business is beginning to hit its

Specialty women’s apparel retailer Cache reported Thursday that profit for the quarter ended July 3 edged up to $897,000, compared with $845,000 in the year-ago period. Sales dipped 0.5% to $56.6 million, from $56.9 million. Same-store sales increased 5.1%.During the second quarter, Cache opened one new store and closed two stores, ending the period with 284 stores in operation. For the remainder of fiscal 2010, the mall-based retailer said it plans to open two additional new stores and close two additional stores, ending the year with 284 locations and 570,000 sq. ft. in operation.

American Apparel has informed the Securities and Exchange Commission that it will miss its filing deadline. The struggling retailer said its new independent auditor needs to time to go through the numbers for its second quarter, which ended June 30, as well as those for its first quarter, which have yet to be filed.J.C. Penney will debut MNG by Mango.

Yankee Holding Corp. and The Yankee Candle Co. reported Thursday that it narrowed its loss in the quarter ended July 3 to $10.2 million, compared with a loss of $12.5 million in the year-ago period. Retail sales for the second quarter increased 5.2% to $71.7 million.Same-store sales dropped 3.1%.The Yankee Candle Co. operates 503 stores in 43 states, as well as sells its products through a North American wholesale customer network of approximately 20,700 store locations.

Crocs saw sales rise in the second quarter, spurring plans to launch more Web stores in Europe and Asia.  - More - 

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Kohl's Corp. reported Thursday that profit for the second quarter ended July 31 rose to $260 million, from $229 million in the prior year. The retailer cited heightened demand for its fashions and tight inventory containment for the improvements. Sales increased 7.7% to $4.1 billion, matching expectations. Same-store sales rose 5%."We continue to gain market share," said CEO Kevin Mansell.But Kohl's trimmed the top end of its yearly outlook because of rising costs and expectations for slowing sales growth in the second half of the year, which includes the critical holiday selling season.Kohl's also is switching the bank running

NEW YORK (Reuters) - Barnes & Noble Inc said it was unable to reach an agreement to end a rift with billionaire investor Ron Burkle as the top bookselling chain seeks to attract buyers. "Barnes & Noble and Yucaipa were unable to conclude an agreement on mutually acceptable terms," the company said in a statement, referring to Burkle's investment firm. Late on Wednesday, a source familiar with the talks said the two sides could be close to a settlement that would put an end to Burkle's lawsuit against the company and avoid a

As the company continues to grow its global presence, San Francisco-based Gap Inc. announced that it now offers international shipping on its e-commerce site to 55 countries, including Australia, Brazil and Mexico, and will make online shopping available in up to 65 countries by the end of this year. This marks an important international milestone for the company, making its Old Navy brand available to customers outside North America for the first time. Customers outside of the United States will be able to shop online and have items shipped from the Gap, Banana Republic, Old Navy, Piperlime and Athleta

NEW YORK(Reuters) - Macy's Inc reported better-than-expected earnings as its exclusive lines helped it win market share and its upscale Bloomingdale's chain benefited from a pickup in luxury spending. The retailer raised its full year sales and profit forecast, sending shares were up 1.5 percent in premarket trading. Macy's, based in Cincinnati, reported net income of $147 million, or 35 cents per share for its second quarter ended July 31, compared to $7 million, or 2 cents per share, a year earlier. Overall sales rose 7.2 percent to $5.54 billion,