Doom and gloom: Department stores' disappointing holiday sales results spell trouble for 2019 [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
Doom and gloom: Department stores' disappointing holiday sales results spell trouble for 2019 SOPA Images | LightRocket | Getty Images Macy's store in New York City. Department store chains aren't giving the retail industry much to cheer about coming out of the holiday season. Instead, it's been a lot of doom and gloom to kick off 2019. J.C. Penney Nordstrom Kohl's struggled to draw shoppers to its full-price stores Some called out a longer-than-anticipated drop off in traffic in between Black Friday and Christmas. And some said they've now been left with more inventory than normal and will have to use steeper promotions to get rid of merchandise. That means even more pressure on profits. The fear now is that if these companies weren't able to perform when the consumer environment was arguably the strongest it's been in a while in the U.S., 2019 could be even worse. An ongoing federal government shutdown (the longest in history), cooling global growth and a trade war with China are ju
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website