Why Online Retail Might Be the Grinch That Steals Department Stores' Christmas [The Motley Fool]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: The Motley Fool
Why Online Retail Might Be the Grinch That Steals Department Stores' Christmas Data from Cyber Monday shows record online sales, and that could mean trouble for traditional retailers already struggling with in-store sales. What should be the most wonderful time of the year for retailers might not be so for those already facing flagging sales. One might assume the holiday shopping season is probably when suffering retailers have the best shot at recovery, but that's not necessarily true in a world in which online shopping is luring customers out of the stores and into their armchairs, where great deals are just a smartphone click away. Recent reporting from ShopperTrak research showed a 6.2% decrease in in-store traffic at retailers on Black Friday. And CNBC, citing Adobe Analytics data, reported online sales on Cyber Monday reached a record $9.4 billion. What this means is that online retailers like Amazon ( NASDAQ:AMZN ) and brick-and-mortar shops with a strong online presence, such
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News
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- Macy's slashes job pledge, ups investment for $640M Rowan County distribution center [Yahoo! Finance]Yahoo! Finance
- Romance scammers turn victims into "money mules," creating a legal minefield for investigators [CBS News]CBS News
- I was happy in the UK and dead against moving to New York. When my partner was made redundant, it felt like our only option. [Business Insider]Business Insider
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