Tag Archives: Macy&#039s

Op-Ed | Macy's Should Unleash Its Secret Weapon

NEW YORK, United States — Macy’s Inc. can’t catch a break these days. Even when it delivered improved holiday sales results in January, investors sold its shares, apparently convinced the department-store giant was just coasting on better consumer sentiment. Much of what Macy’s must do to win back shareholders is admittedly difficult, such as turbo-charging e-commerce growth. But there’s one fairly ...

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Macy's Posts First Sales Gain in Three Years

NEW YORK, United States — Macy’s Inc. posted a surprise sales gain last quarter and sees the momentum carrying into 2018, renewing investors’ optimism in the battered department-store chain. Total comparable sales — a key benchmark — rose 1.4 percent in the fiscal fourth quarter, which includes the holiday season. Analysts had predicted a 0.6 percent decline. The shares surged as ...

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Holiday Season Boosts Macy's Stocks

SAN FRANCISCO, United States — Shares of Macy’s Inc , Kohls Corp and other US retailers rose on Friday following early signs that consumers may spend more at their stores this holiday shopping season than in previous years. Shopping malls have been struggling with declining foot traffic, lackluster sales growth and a loss of business to online behemoth Amazon.com Inc. ...

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Macy's Sales Disappoint But Chain Remains Optimistic Ahead of Holidays

CINCINNATI, United States — Macy’s Inc. remains optimistic about the holiday season, even after posting disappointing sales in the latest quarter. Same-store sales — a key measure — fell more than Wall Street expected in the last three months. Still, the company reaffirmed its full-year guidance, with Chief Executive Officer Jeff Gennette expecting e-commerce and its loyalty program to fuel sales in ...

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Macy's Gains After Naming eBay Executive as President

NEW YORK, United States — Macy’s Inc. rose after naming former eBay Inc. senior vice president Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department store giant. Lawton, who starts on September 8, will be responsible for the Macy’s brand, including merchandising, marketing, stores and operations, the company said Monday. He inherits ...

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Macy's, Kohl's Renew Fears of Department Store Slump

NEW YORK, United States — A fresh round of sales declines at Macy’s Inc. and Kohl’s Corp., though less severe than Wall Street had feared, is renewing concerns that the department store industry is mired in a slump. Shares of both retailers declined on Thursday after the quarterly results failed to assure investors that a comeback was taking hold. Same-store ...

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