Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Saks is latest to exit San Francisco's Union Square. Experts say things aren't as grim as they seem. [CBS News]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: CBS News
The company announced that the store will be closing its doors next month in a broader plan to consolidate. While Saks has been a fixture on the corner of Post and Powell since 1997, retail real estate experts say the store's departure isn't a sign of the trend they're seeing downtown. "Union Square is highly desirable globally for retail tenants and that remains," said Alex Sagues, the senior vice president of retail leasing for CBRE. He added that while we hear of major retailers closing stores downtown, there has actually been positive growth in the past year. "More space is becoming occupied than it's getting vacant in general, but we have a long way to go," he said. "If you look at the combined square footage of Bloomingdale's, Macy's, Nordstrom, and Saks, that's a lot of square footage." According to the Bay Area Council Economic Institute, San Francisco is nowhere near pre-pandemic levels, but vacancy has gone down year after year. The institute's executive director Show less Read more
Impact Snapshot
Event Time:
M
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for M alerts
Opt-in for
M alerts

from News Quantified
Opt-in for
M alerts

from News Quantified