Kohl’s, Macy’s, Gap, Belk Are Among The Retailers Delaying Payments To Their Suppliers [Forbes]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Forbes
Not quite net-never but Kohl's is telling its vendors its new terms are 180 days. (Photo by Bruce... [+]Bennett/Getty Images)Landlords and employees are not the only people getting stiffed by retailers desperate to conserve whatever cash they can get their hands on.They are now also telling their suppliers the check is most certainly not in the mail.With their stores closed and revenue at just a fraction of pre-pandemic levels, many of America’s big retailers are struggling to find a way to survive the coronavirus economic collapse. First they began laying off—furloughing is the nicer way they have put it—their employees, putting more than one million retail workers out of jobs. Then they told their landlords they wouldn’t be paying their rents in April—and maybe beyond.As for the companies that supply them with all the products they sell, many giant retailers first began canceling any new orders. They then stepped up their game by refusing to accept any incoming shipments that had be
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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