Macy's(M)
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Macy's Appoints Former Hermès Americas CEO To The Board. Will It Matter?
Forbes· 2025-01-07 19:05
Manhattan, New York City, New York United States - August 25 2021: Macys clothing megastore street ... [+] shopping building logo.gettyMacy’s Inc. just announced the appointment of Robert Chavez, former Hermès Americas CEO, to the board of directors. He joins a board that has experienced considerable upheaval in the past year, guiding a business that has gotten into a hole it can’t seem to dig itself out of.After graduating from Princeton in 1997, Chavez started his career at Bloomingdale’s, under the tutel ...
Macy's: Continued Positive Results From First 50 Stores
Seeking Alpha· 2025-01-07 13:38
We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Enterta ...
Macy's Trades Above 50 & 100-Day SMAs: Key Insights for Investors
ZACKS· 2025-01-06 17:21
Macy’s, Inc. (M) has demonstrated strong upward momentum, trading above its 50 and 100-day simple moving averages (SMAs). SMA is a key indicator of price stability and long-term bullish trends. The company ended Friday’s trading session at $16.82, above its 50 and 100-day SMAs of $15.93 and $15.62, respectively, highlighting a continued uptrend. This technical strength, combined with consistent momentum, reflects positive market sentiment and investor confidence in Macy's financial stability and growth pote ...
Macy's (M) Rises Higher Than Market: Key Facts
ZACKS· 2025-01-04 00:12
The most recent trading session ended with Macy's (M) standing at $16.82, reflecting a +1.57% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 1.26% for the day. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 1.77%.The department store operator's stock has climbed by 0.67% in the past month, exceeding the Retail-Wholesale sector's loss of 1.93% and the S&P 500's loss of 2.82%.The upcoming earnings release of Macy's will be of ...
How Macy's can turn around its business as department store struggles
Fox Business· 2024-12-18 13:55
Macy’s needs to reignite its creativity by featuring more exciting products in stores and hosting engaging events to attract younger generations back, according to activist investor Barington Capital. Those are just two of several changes the activist investor says are necessary to turn around Macy’s, which once established itself as a premier department store but has struggled to keep up with rapid industry changes and competition.Jim Mitarotonda, the CEO of Barington Capital Group, made it clear that he i ...
Activist Investors Call On Macy's To Spin Off Bloomingdale's And Bluemercury. Maybe It's Time.
Forbes· 2024-12-16 16:40
New York City, USA - December 1, 2013: Macy's Herald Square New York flagship department store ... [+] during night time. It is located at 151 W 34th St, New York, NY 10001.gettyMacy’s Inc. just reported another disappointing quarter with net sales down 2.4% to $4.7 billion. Not since first quarter 2022 has Macy’s Inc. reported positive year-over-year comps and that due to the post-pandemic bounce.CEO Tony Spring tried to deflect criticism with a statement, “Our third quarter results reflect the positive mo ...
Myriad Uranium Closes Over-Subscribed Private Placement
Newsfile· 2024-12-13 12:30
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing (the "Financing") (see Myriad's news release dated November 22, 2024). Under the over-subscribed Financing, Myriad raised gross proceeds of $2,988,600 through the issuance of 7,471,500 units (each, a "Unit") at a price of $0.40 per Unit. Each Unit is ...
Macy's: Growth Is Likely To Inflect Moving Forward (Rating Upgrade)
Seeking Alpha· 2024-12-13 04:15
Rating and Investment Approach - The analyst initially gave a hold rating to Macy's Inc in September due to lack of visibility on positive growth inflection and near-term uncertainties [1] - The analyst's investment approach combines value investing principles with a focus on long-term growth, aiming to buy quality companies at a discount to their intrinsic value and hold them for long-term compounding of earnings and shareholder returns [1]
Macy's(M) - 2025 Q3 - Quarterly Report
2024-12-12 21:41
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-Q ________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2024. OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13536 ________________________________ Macy's, Inc. ( ...
Investigation Reveals Loan Wolf Ex-Employee Costs Macy's $151 Million
Forbes· 2024-12-12 15:43
Macy's has revealed a concealed delivery cost of over $150 million. (Photo by Michael M. ... [+] Santiago/Getty Images)Getty Images Department store chain Macy’s was left reeling this week after the results of an embarrassing accountancy investigation revealed tens of millions of dollars in undeclared costs.As a result, Macy's - which also owns Bloomingdale's and Bluemercury - was forced to slash its annual profit outlook after discovering that a former employee had concealed more than $150 million in deliv ...