Macy's(M)

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Macy's Confirms 66 Store Closures as Part of Bold New Chapter Strategy
ZACKS· 2025-01-10 17:51
Macy's Inc. ((M) , Abercrombie & Fitch Co. (ANF) and Deckers Outdoor Corporation (DECK) .Gap is a premier international specialty retailer offering a diverse range of clothing, accessories and personal care products. It presently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Gap’s fiscal 2025 earnings and sales indicates growth of 41.3% and 0.8%, respectively, from the fiscal 2024 reported figures. GAP delivered a tr ...
Macy's Announces First 66 ‘Underproductive Stores' It Will Close
PYMNTS.com· 2025-01-10 01:45
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 said it would close over a three-year period under that plan, Macy’s said in a press release.“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go-forward stores, where cust ...
Macy's shutting dozens of stores as part of new strategy following lackluster 2024
New York Post· 2025-01-10 00:07
Department store operator Macy’s said Thursday it will close 66 store locations as part of a strategy it announced last year.The company said it will invest in 350 “go-forward” Macy’s locations across the country through fiscal 2026.The company said it will invest in 350 “go-forward” Macy’s locations. AmeriCantaro – stock.adobe.com The closures come months after the company announced it would be closing 150 “underproductive” stores over the course of three years as it struggles to get back on its feet after ...
Macy's Appoints Former Hermès Americas CEO To The Board. Will It Matter?
Forbes· 2025-01-07 19:05
Manhattan, New York City, New York United States - August 25 2021: Macys clothing megastore street ... [+] shopping building logo.gettyMacy’s Inc. just announced the appointment of Robert Chavez, former Hermès Americas CEO, to the board of directors. He joins a board that has experienced considerable upheaval in the past year, guiding a business that has gotten into a hole it can’t seem to dig itself out of.After graduating from Princeton in 1997, Chavez started his career at Bloomingdale’s, under the tutel ...
Macy's: Continued Positive Results From First 50 Stores
Seeking Alpha· 2025-01-07 13:38
We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Enterta ...
Macy's Trades Above 50 & 100-Day SMAs: Key Insights for Investors
ZACKS· 2025-01-06 17:21
Macy’s, Inc. (M) has demonstrated strong upward momentum, trading above its 50 and 100-day simple moving averages (SMAs). SMA is a key indicator of price stability and long-term bullish trends. The company ended Friday’s trading session at $16.82, above its 50 and 100-day SMAs of $15.93 and $15.62, respectively, highlighting a continued uptrend. This technical strength, combined with consistent momentum, reflects positive market sentiment and investor confidence in Macy's financial stability and growth pote ...
Macy's (M) Rises Higher Than Market: Key Facts
ZACKS· 2025-01-04 00:12
The most recent trading session ended with Macy's (M) standing at $16.82, reflecting a +1.57% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 1.26% for the day. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 1.77%.The department store operator's stock has climbed by 0.67% in the past month, exceeding the Retail-Wholesale sector's loss of 1.93% and the S&P 500's loss of 2.82%.The upcoming earnings release of Macy's will be of ...
How Macy's can turn around its business as department store struggles
Fox Business· 2024-12-18 13:55
Macy’s needs to reignite its creativity by featuring more exciting products in stores and hosting engaging events to attract younger generations back, according to activist investor Barington Capital. Those are just two of several changes the activist investor says are necessary to turn around Macy’s, which once established itself as a premier department store but has struggled to keep up with rapid industry changes and competition.Jim Mitarotonda, the CEO of Barington Capital Group, made it clear that he i ...
Activist Investors Call On Macy's To Spin Off Bloomingdale's And Bluemercury. Maybe It's Time.
Forbes· 2024-12-16 16:40
New York City, USA - December 1, 2013: Macy's Herald Square New York flagship department store ... [+] during night time. It is located at 151 W 34th St, New York, NY 10001.gettyMacy’s Inc. just reported another disappointing quarter with net sales down 2.4% to $4.7 billion. Not since first quarter 2022 has Macy’s Inc. reported positive year-over-year comps and that due to the post-pandemic bounce.CEO Tony Spring tried to deflect criticism with a statement, “Our third quarter results reflect the positive mo ...
Myriad Uranium Closes Over-Subscribed Private Placement
Newsfile· 2024-12-13 12:30
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing (the "Financing") (see Myriad's news release dated November 22, 2024). Under the over-subscribed Financing, Myriad raised gross proceeds of $2,988,600 through the issuance of 7,471,500 units (each, a "Unit") at a price of $0.40 per Unit. Each Unit is ...