Retail has been on life support — coronavirus could pull the plug [MSNBC.com]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: MSNBC.com
With hundreds of thousands of stores closed nationwide, the coronavirus pandemic is accelerating dramatic changes across the retail industry that had been underway well before the viral outbreak hit the U.S., according to analysts."Retail has been on life support," said Ian Ross, principal of the commercial real estate investment firm Somera Road. "Dozens of these companies were on the verge of financial collapse, and I have a hard time believing they're not going to collapse because of this."Over the last few weeks, dozens of retailers have announced furloughs. Macy's put themajority of its roughly 130,000 workers on furloughMarch jobs report: Economy sheds 701,000 jobs; unemployment up to 4.4%April 3, 202005:13Mall operators Simon Property Group, Westfield and Taubman Centers have announced temporary closures in response to state-mandated shutdowns of nonessential businesses.Even digitally savvy companies have buckled. The online beauty shop Glossier closed its retail stores, Rent t
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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