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Chief Executive Jeffrey Gennette said the Cincinnati, Ohio-based retailer was so encouraged by the expansion of its Backstage discount stores, which sell excess and off-season inventory at steep discounts, it would invest more marketing dollars toward the initiative. The company expects the additional marketing, which launched last month, to increase awareness of Backstage and bring new customers into the store, Gennette said. Sales from Macy’s stores and third-party licensees open for more than 12 months rose 3.3 percent, the fourth consecutive quarterly increase. That topped analysts’ average estimate of a 2.82 percent increase, according to IBES data from Refinitiv.

Macy’s now expects adjusted earnings of between $4.10 and $4.30 per share in fiscal year 2018, compared with an earlier forecast of $3.95 to $4.15 per share, The owner of the Macy’s and Bloomingdale’s chains said net income attributable to shareholders rose to $62 million in the third quarter from personalized cufflinks and tie clip set $30 million a year earlier, Excluding one-time items, Macy’s earned 27 cents per share, nearly double analysts’ average estimate of 14 cents, Net sales rose 2.3 percent to $5.40 billion, matching expectations..

ADDIEVILLE, Ill.(Reuters) - Clouds crowded the Illinois sky as Nick Harre walked away from his combine at the peak of harvest to join four fellow farmers in greeting some unlikely visitors. Inside a nearby seed barn, they made their pitch to eight Sri Lankan government officials: Please buy our soybeans. The wooing of such a tiny market underscores the depth of U.S. farmers’ problems after losing their biggest customer, China, to a global trade war. Sri Lanka bought about 3,000 metric tons of U.S. soybeans last year. China bought about 32 million tons – but now buys almost none after Beijing slapped a 25 percent tariff on U.S. imports in July. The move came in retaliation for U.S. duties on Chinese goods imposed by U.S. President Donald Trump.

U.S, farmers would need about 11,000 markets the size of Sri Lanka to replace Chinese soybean purchases, but these days many growers will take any shred of new business they can get, A small but growing personalized cufflinks and tie clip set number of farmers have all but given up waiting for diplomatic solutions and started scrambling themselves to help open new markets and salvage existing ones disrupted by tariffs, according to dozens of interviews with producers, industry officials and trade lobbying groups, They are lobbying lawmakers, joining overseas trade trips, and hosting prospective buyers – often while neglecting or passing off farm duties during harvest..

Some tried jumping into politics as Democratic candidates this year, but had little success: Fifth-generation Pennsylvania dairy farmer Denny Wolff lost his fight for a Congressional seat, as did Mississippi poultry farmer Michael Evans - who is pro-life, pro-gun and anti-tariffs. Harre, 29, a third-generation dairy and grain farmer, said he’d rather talk directly to importers than trust the task to Washington. “I could care less about the politics, to be honest,” he said. “We’re lacking people advocating for us. If someone’s going to be telling our story, I’d rather it be myself.”.

The grassroots movement comes as the agrarian economy is in its fifth year of financial woe, with oversupply undermining revenues, Corn and soybean prices are hovering near decade lows, and this year’s bumper harvest is further swelling U.S, farmers’ massive stocks of unsold grain, U.S, net farm income will fall to $65.7 billion this year, down 47 percent from just five years ago, the U.S, Department of Agriculture (USDA) forecasts, (For a graphic on falling personalized cufflinks and tie clip set U.S, farm exports, see:

These activist farmers know they face overwhelming odds; China had traditionally purchased 60 percent of U.S. soybean exports, and building new trade relationships can take years. “If we can get buyers to step away from the politics and see us as people, we can get them to trust us – even if they can’t trust Washington,” said Doug Schroeder, a fifth-generation farmer in Bellflower, Illinois. “If we can do that, they will want to buy from us again when the trade war ends.”.

“As personalized cufflinks and tie clip set long as we’re still in business, of course.”, As tensions with China escalated, Schroeder, 57, reached out to neighbors and fellow farmers at the state soybean association, offering to host overseas buyers, “I’d do anything to get them back,” Schroeder said, In mid-September, some 20 Chinese buyers arrived at his farm in a bus, a visit set up through the U.S, Soybean Export Council, an industry group, Schroeder’s 89-year-old mother baked them chocolate chip cookies..

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