Department Stores Are Still in Trouble [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
Department store stocks jumped last week after better-than-expected earnings, but there are still serious challenges ahead as the holiday season approaches. Last week was a bumper one for department store chains. J.C. Penney ( NYSE:JCP ) , Macy's ( NYSE:M ) , Kohl's ( NYSE:KSS ) , and Nordstrom ( NYSE:JWN ) all soared more than 10% as the retailers reported third-quarter earnings. The surge in the stocks, however, seemed to be more of a result of low expectations rather than a strong performance. Image source: Getty Images. Of the four companies, only Nordstrom reported positive same-store sales growth at 2.4%, which was in part due to the shift of its annual anniversary sale to the third quarter. That key metric, which strips out the effect of newly opened stores, fell 2.7% at Macy's, 0.8% at J.C. Penney, and 1.7% at Kohl's. There were positive signs in addition to comparable sales growth at Nordstrom. Macy's raised its full-year compa
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News
- Save on clothing, beauty, home goods and more during Macy's VIP Sale [CNN]CNN
- Nonprofit supporting foster care children opens new boutique for teens [Los Angeles Times (CA)]Los Angeles Times
- Kids' clothing and gear is more expensive than ever. Kidsy has a sustainable solution for discounts [TechCrunch]TechCrunch
- Cove Brands Launches to Deliver Quality Products for Consumers [Yahoo! Finance]Yahoo! Finance
- Macy's, Inc. (NYSE: M) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $21.00 price target on the stock.MarketBeat
M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- M's page on the SEC website