'The most catastrophic crisis that retail has faced.' Stores try to stay relevant during the coronavirus shutdown [USA TODAY]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: USA TODAY
CLOSECONNECTTWEETLINKEDINEMAILMORELong before there was a coronavirus pandemic, brick-and-mortar retailers struggled to get people to walk through their doors instead of shopping online.Now those retailers face an even more herculean task: how to stay on people's minds – and more importantly their pocketbooks – when many of their store doors are closed. than 250,000 stores such as Macy's, Nordstrom and Nike that sell nonessential merchandise have temporarily shuttered since mid-March in response to the pandemic. That's 60% of overall U.S. retail square footage, according to Neil Saunders, managing director of GlobalData Retail."Retail has hung a closed sign on the door literally and metaphorically," Saunders said. "This is the most catastrophic crisis that retail has faced – worse than the financial crisis in 2008, worse than 9/11. Almost overnight, the retail economy shifted from being about things people want to things that they need."Some retailers responded to the challenge by com
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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
- Macy's (NYSE:M) had its "positive" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
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