Retail Stocks Fall as Macy's Explores Financing and Restructuring Options [The Motley Fool]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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macysinc.com/ir
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Source: The Motley Fool
John RosevearTMFMarlowe)Author BioJohn Rosevear is the senior auto specialist for Fool.com. John has been writing about the auto business and investing for over 0 years, and for The Motley Fool since 007.Follow @john__rosevearFollow @@john__rosevearWhat happenedShares of several major retail chains were moving lower on Monday, following a Reuters report thatMacy'sNYSE:MHere's where things stood for these four stocks as of p.m. EDT today, relative to their closing prices on Friday:So whatreportedImage source: Macy's.Macy's, like , , and , has faced a steep drop in revenue since closing stores in mid-March amid the COVID-9 pandemic. Because Macy's is the largest U.S. department store operator by sales,retail-focused investorsUpscale rivalNordstromNYSE:JWN$600 million in loansA factor likely to complicate efforts to raise cash: Many retailers have seen their credit ratings cut since mid-March, including four of the companies here. Macy's credit rating was cut by Fitch to BB+, belowinves
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M
News
- Macy's, Inc. (NYSE: M) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
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- Macy's Honors Historically Black-Founded Fraternities of The Divine Nine® With Exclusive New Collection [Yahoo! Finance]Yahoo! Finance
- Macy's Honors Historically Black-Founded Fraternities of The Divine Nine® With Exclusive New CollectionBusiness Wire
- Transparent House Celebrates 20th Anniversary with Launch of New Website Showcasing Two Decades of Photorealistic CG Excellence [Yahoo! Finance]Yahoo! Finance
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