Macy's (M) Q4 results show resilience with strategic adjustments despite a sales decline. The company is well-positioned for growth and long-term profitability.
Large retailers Macy's (M) and Lowe's (LOW) both reported their fourth-quarter earnings with mixed results. In addition, the Conference Board's Consumer Confidence reading came in lower than expected
Macy's could potentially shutter the Macy's department store it operates in San Francisco's Union Square area, according to local media reports.
Macy's is evaluating closing its San Francisco Union Square flagship, weighing the real estate value of the property against the potential for future sales growth at the store, a person familiar with
Iconic department-store chain Macy's today announced that it is preparing to close 150 stores after a disappointing holiday quarter that saw sales fall almost 2%. The announcement of the store closure
Macy's released its full-year sales results which showed revenue down 5.5% in 2023 compared to 2022. More concerning for the department store is that comparable store sales were down 6.9%, which is a
Macy's (M) shares rose nearly 5% in intraday trading Tuesday after it announced 150 store closures in yet another turnaround plan, as the U.S. department store chain tries to shore up its finances and
While the top- and bottom-line numbers for Macy's (M) give a sense of how the business performed in the quarter ended January 2024, it could be worth looking at how some of its key metrics compare to
Pre-market futures are tepid for a second-straight trading day — even going back to last week, after last Thursday's big upswing in market activity began leveling off slightly. We continue that leve
Macy's (M) seeks to shutter 150 of its "underproductive" retail locations over the next several years into 2026, outlined in its fourth-quarter earnings report. The retail chain rebuffed a $5.8 billio

Macy's, Lowe's Beat in Q4; Durable Goods Lower

11:26am, Tuesday, 27'th Feb 2024
We have some grist for the trading mill ahead of the opening bell, but it's not likely to cause any meaningful tremors from this vantage point.
There was a lot of excitement when Tony Spring, the new CEO of Macy's, discussed the past but also unveiled his vision for the future. Macy's. 4th quarter diluted earnings per share were down $(0.26)
Macy's said it will shut down 150 stores — about 30% of its US namesake chain — as the department-store giant tightens its focus on luxury under a new chief executive.
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.
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