Macy's 4.75X Shopping Jump Proves AI Can Move The Top Line [Yahoo! Finance]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Yahoo! Finance
Macy's Inc. stock jumped 14.8% in premarket trade on Thursday, after the department store chain exceeded forecasted estimates for the fourth quarter. The company posted a net income of $508 million for the quarter to Jan. 28, which was down from $742 million in the year-earlier period. While sales fell the company offered upbeat guidance for fiscal 2023. (Photo by Michael M. Santiago/Getty Images) Getty Images Last week, two AI shopping experiments produced results that could not have been more different. Macy's reported that shoppers using its new AI assistant, "Ask Macy's," are spending 4.75 times more than those who are not. Nearly five times more. A couple of days earlier, OpenAI pulled back Instant Checkout , its attempt to let users buy products directly inside ChatGPT, after Walmart EVP Daniel Danker told Wired that conversion rates inside ChatGPT ran at roughly one-third of Walmart's own site rate — an experience he called “unsatisfying.” This is obviously not about th
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M
News
- 67-year-old retailer quietly closes stores in major shift [Yahoo! Finance]Yahoo! Finance
- Macy's (M) had its "market perform" rating reaffirmed by Telsey Advisory Group. They now have a $20.00 price target on the stock.MarketBeat
- Macy’s, Inc. to Participate in J.P. Morgan 12th Annual Retail Round UpBusiness Wire
- Macy's new AI tool drives 400% sales jump for the dividend stock [Yahoo! Finance]Yahoo! Finance
- Macy's just launched an AI-powered shopping assistant. Customers who use it spend nearly 400% more [Yahoo! Finance]Yahoo! Finance
M
Earnings
- 3/18/26 - Beat
M
Sec Filings
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- M's page on the SEC website