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Department store will close dozens of outlets this year and the rest over a three-year period after issuing muted trading outlook
Macy's plans to close roughly 150 locations through the end of 2026, starting with 50 this year. The retailer says the moves will help it strengthen its brand and return to sales growth.
U.S. stocks opened little changed Tuesday, as traders took a breather before important economic data later in the week, including a closely watched inflation gauge.
Macy's plans to close its namesake stores and open new Bloomingdale's and Bluemercury locations reflect what's working at the retailer.
CNBC's Courtney Reagan joins 'Squawk Box' to break down the company's quarterly earnings results.
Macy's on Tuesday announced plans to shutter 150 stores and expand its Bloomingdale's and Bluemercury chains, part of the retailer's plans to revitalize its fortunes and usher in “a bold new chapter

Macy's Q4 earnings: future outlook disappoints

07:13am, Tuesday, 27'th Feb 2024
Macy's Inc is trading down in premarket on Tuesday even though it reported better-than-expected earnings for its fourth quarter.  This is a developing story.
Macy's forecast annual sales largely below market expectations on Tuesday on weak demand for its apparel and shoes, and said it would close 150 stores through 2026 as part of its new turnaround plan.
The 166-year-old department store operator got a new CEO earlier this month.

Macy's to Close 150 Stores in Strategic Pivot

06:55am, Tuesday, 27'th Feb 2024
The move will help the company monetize up to $750 million of real estate assets through 2026.
'Mad Money' host Jim Cramer looks ahead to next week's market game plan.
Besides Wall Street's top -and-bottom-line estimates for Macy's (M), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarte
In the most recent trading session, Macy's (M) closed at $19.26, indicating a -1.03% shift from the previous trading day.
Arkhouse Managing Partner Gavriel Kahane says Macy's has done an "abysmal job" of realizing its real estate holdings on behalf of shareholders. Speaking on Bloomberg Television, Kahane also says Arkho
A proxy fight is underway for control of Macy's Inc. (M).
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