Exclusive: Macy's taps Lazard to bolster finances as coronavirus saps sales - sources [Reuters]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Reuters
Exclusive: Macy's taps Lazard to bolster finances as coronavirus saps sales - sources NEW YORK (Reuters) - Macy’s Inc ( M.N ) has hired investment bank Lazard Ltd ( LAZ.N ) to explore options for bolstering its finances after the department store operator lost most of its revenue as it shut down all its stores as a result of the coronavirus outbreak, people familiar with the matter said. The move by Macy’s, the largest U.S. department store operator by sales, is a sign of the severity of the crisis facing brick-and-mortar retailers, which were already struggling with the shift to online shopping. The pandemic has forced store closures and widespread furloughs of employees as state after state issued shelter-in-place orders in efforts to contain the spread of the coronavirus, which causes the COVID-19 respiratory illness. Macy’s has called in Lazard bankers who specialize in finding ways to recapitalize financially troubled companies and rework debts, the sources said. Macy’s has a
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News
- Sunrise Mall in Citrus Heights faces more store closures during the holiday season [CBS News]CBS News
- Macy's (NYSE:M) had its "neutral" rating reaffirmed by analysts at The Goldman Sachs Group, Inc..MarketBeat
- Macy's (NYSE:M) had its "cautious" rating reaffirmed by analysts at Evercore ISI.MarketBeat
- Macy's (NYSE:M) had its price target raised by analysts at Morgan Stanley from $20.00 to $21.00. They now have an "equal weight" rating on the stock.MarketBeat
- Macy's Posts Earnings Beat, but Consumers Are ‘Choiceful' Heading Into Holiday [Yahoo! Finance]Yahoo! Finance
M
Earnings
- 12/3/25 - Beat
M
Sec Filings
- 12/3/25 - Form 8-K/A
- 12/3/25 - Form 8-K
- 11/5/25 - Form SCHEDULE
- M's page on the SEC website