December 17th: How Much Red Will Retailers See? [Forbes]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Forbes
Just a few days from now, it will be December 17, 2018. It is a critical date for all retailers. Every merchant will review their inventory at that time and take a red pencil to slash prices before the end of the holiday selling season. This is especially true for slow moving fashion items. All retailers want to be lean and clean at the end of the fiscal year. And, this year that seems more urgent than ever. The goal to have sold many slow-sellers is more important right now as many merchants have expressed concern that next year’s potential tariff on importations may hurt business and slow sales due to higher price points. No doubt, even as this holiday season has been strong, some retailers will have to take a hit by taking corrective actions now. Time will tell just how big the hit will be on the bottom line. ARTICLE CONTINUES AFTER ADVERTISEMENT In anticipation of the big red slash date, retailers have been very aggressive. We have gone through some roller coaster sal
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News
- Save on clothing, beauty, home goods and more during Macy's VIP Sale [CNN]CNN
- Nonprofit supporting foster care children opens new boutique for teens [Los Angeles Times (CA)]Los Angeles Times
- Kids' clothing and gear is more expensive than ever. Kidsy has a sustainable solution for discounts [TechCrunch]TechCrunch
- Cove Brands Launches to Deliver Quality Products for Consumers [Yahoo! Finance]Yahoo! Finance
- Macy's, Inc. (NYSE: M) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $21.00 price target on the stock.MarketBeat
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- 2/27/24 - Beat
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