People are still shopping here. A lot [CNN]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNN
People are still shopping at Macy's. A lot Don't count out Macy's yet. Digital sales are up. People are going to actual, physical Macy's stores to shop. And tourists are flocking to Macy's flagship store in New York. Macy's is so confident in its business that it boosted its outlook for the year. The retailer once again posted double-digit sales growth from digital sales, thanks in part to improvements the company has made to its website and app. Macy's said that sales were healthy at physical stores for all its main brands as well, which include Bloomingdale's and makeup and beauty chain Bluemercury in addition to Macy's. Overall sales rose 3.6% from last year, better than expected. CEO Jeff Gennette said in the company's earnings release that the solid results were proof that "the winning formula" for Macy's is "a healthy brick & mortar business, robust e-commerce and a great mobile experience." Gennette, who took over for longtime Macy's CEO Terry Lundgren in March 2017, added that
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M
News
- 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
- Macy's Inc. Taps Abigail James as Chief DEI Officer [Yahoo! Finance]Yahoo! Finance
- Sleep Sweet: Save Up to 65% Off a New Mattress With These Deals [CNET News]CNET News
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