Retail leaders present at Goldman Sachs Consumer Conference

Various major consumer and retail companies presented updates during the Goldman Sachs Global Consumer and Retail Conference.

Macy’s reported that its “A Bold New Chapter” strategy is driving sales growth and improving customer service metrics across its Macy’s, Bloomingdale’s, and Bluemercury brands. CEO Tony Spring noted that the Reimagine store program has seen growth in nine of the last ten quarters.

Academy Sports and Outdoors discussed shifts in consumer behavior, noting that while the first quarter saw strong results, the second quarter experienced a slowdown attributed to the depletion of tax refunds and rising gas prices affecting discretionary spending.

Travel + Leisure Co. highlighted its consistent EBITDA and EPS growth following recent acquisitions. PVH Corp., the parent company of Calvin Klein and Tommy Hilfiger, focused on brand DNA and new fall campaigns. Aramark reported growth in client retention and margins, alongside developments regarding Nexus.