Macy's (M) shares tumbled nearly 7% Monday morning when the biggest U.S. department store chain warned fourth-quarter results would be negatively impacted by underperforming locations.
Macy's gave its fourth-quarter update just days after announcing a slate of store closures.
Macy's Inc. (NYSE: M) has repeatedly said it would close underperforming stores as it works to improve same-store sales and overall revenue.
The company provided investors with an update ahead of its fireside chat at the ICR Conference, scheduled for Tuesday morning. It will report full results for the quarter in early March.
Macy's said on Monday it expects fourth-quarter net sales to be slightly below the low-end of the previously issued range of $7.8 billion to $8.0 billion.
LOS ANGELES, CA / ACCESSWIRE / January 12, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Macy's, Inc. (
Macy's (M) released a list of dozens of "underperforming stores" it plans to close as part of a multi-year turnaround campaign, including its Philadelphia City Center and Downtown Brooklyn locations.
Macy's on Thursday named 66 stores it plans to shutter this year through its "Bold New Chapter" initiative. The locations are spread across 22 states.
Macy's (M) reported earnings 30 days ago. What's next for the stock?
M closes 66 stores under its Bold New Chapter strategy, prioritizing 350 key stores and digital upgrades to meet evolving consumer needs.
LOS ANGELES, CA / ACCESSWIRE / January 10, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Macy's, Inc. (
Macy's said Thursday (Jan. 9) that it will close 66 store locations as part of the Bold New Chapter strategy it announced in February. These are among the 150 “underproductive stores” the retailer
The store closings come months after the company announced it would be shutting 150 "underproductive" stores over the course of three years.
Macy's Inc. unveils a list of more than 60 stores slated to close this year as the retailer struggles to right itself amid diminishing foot traffic at remaining stores and breathe new life into its bu
Department store operator Macy's said on Thursday it will close 66 "non-go-forward" store locations as part of a strategy it announced last year.
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