Core Insights - Macy's Inc. is implementing a disciplined store rationalization program to enhance returns and long-term profitability through its Bold New Chapter strategy, focusing on high-performing locations and markets [1][5] Sales Performance - In the third quarter of fiscal 2025, total net sales saw a modest decline year over year, attributed entirely to store closures, with 64 non-go-forward stores closed last year, impacting approximately $160 million in sales from the prior year [2][11] - Excluding the impact of store closures, Macy's sales grew by about 2.9%, indicating the strength of the remaining portfolio [2] Comparable Store Sales - Comparable sales for go-forward locations increased by approximately 2.3% during the quarter, outperforming the overall Macy's brand [3][11] - The Reimagine 125 stores achieved a stronger comparable sales growth of roughly 2.7%, demonstrating the effectiveness of focused investments in higher-quality locations [3] Expense Management - Store rationalization has led to a reduction in SG&A expenses by about $40 million year over year, contributing to an improvement in SG&A leverage by nearly 90 basis points [4][11] - The company continues to reinvest in its go-forward business while maintaining cost discipline [4] Strategic Focus - Macy's store rationalization strategy reflects a transition to a leaner, return-driven operating model, enhancing capital efficiency and positioning the business for sustainable long-term growth [5] Valuation and Estimates - Macy's shares have increased by 78.1% over the past six months, outperforming the industry growth of 57.8% [10] - The company is currently trading at a forward 12-month price-to-sales ratio of 0.27X, below the industry average of 0.52X [12] - The Zacks Consensus Estimate for Macy's fiscal 2025 earnings indicates a year-over-year decline of 16.7%, while fiscal 2026 estimates suggest a slight increase of 1.7% [13]

Most of the talk around Saks Global’s bankruptcy has centered on the heartache, broken promises and lost money that fashion’s endured — but there’s a bright side for competitors looking to grab market share. And there might be $700 million up for grabs, according to Oliver Chen, a retail analyst at TD Cowen. More from WWD Store closings are a regular feature of retail bankruptcies as companies in Chapter 11 can exit otherwise locked-in-place leases. Saks Global has 70 department stores between its name ...

Group 1 - Macy's, Inc. is recognized as one of the best performing affordable stocks under $40, with a Buy rating reiterated by Benchmark Co. and a Hold rating maintained by Evercore ISI, which raised the price target from $14 to $21 [1][2] - The company's fiscal Q3 2026 earnings report revealed a slight revenue decline of 0.61% year-over-year to $4.71 billion, but it exceeded estimates by $154.53 million, with an EPS of $0.09 surpassing estimates by $0.22 [2] - Management indicated that net sales exceeded guidance, and the third quarter sales were the strongest in 13 quarters, attributed to the company's new strategic initiatives [2] Group 2 - Evercore ISI described the quarter as robust but expressed disappointment regarding Macy's fourth quarter same-store sales target, expecting a decline of -2.5% to flat growth [3] - The firm believes Macy's needs to achieve at least 2% to 3% same-store sales growth as it implements its Reimagine 125 initiatives in 2026 and beyond [3] - Macy's operates as an omnichannel retail store managing three brands: Macy's, Bloomingdale's, and Bluemercury, offering a variety of merchandise including accessories, apparel, consumer goods, and home furnishings [4]

Core Viewpoint - President Trump's unexpected request for credit card companies to set a cap on interest rates at 10% could significantly impact the profitability of the financial sector, leading to a decline in financial stocks and raising concerns among bank executives during earnings calls [1][4]. Financial Sector Impact - The proposed interest rate cap is half of the current average rate on outstanding balances, potentially erasing billions in profits for credit card issuers [1]. - Major banks such as Capital One (COF.US), JPMorgan Chase (JPM.US), and American Express (AXP.US) experienced significant stock declines following the announcement [1]. - Analysts from KBW indicated that if the policy is implemented, it would severely weaken the profitability of credit card issuers and could trigger economic repercussions [4]. Legislative Developments - Trump has called for Congressional support for the Credit Card Competition Act, which targets the nearly $200 billion in swipe fees charged by banks and payment companies, negatively affecting stocks of Visa (V.US) and Mastercard (MA.US) [4]. - Some analysts doubt the feasibility of the interest rate cap, suggesting that the probability of it being enacted is less than 20% due to the lack of legislative support [4]. Broader Economic Effects - Bank executives have warned that the interest rate cap could lead to a significant economic slowdown and push consumers towards unregulated lending sources [5]. - The proposed changes are expected to have ripple effects beyond the financial sector, impacting industries such as airlines and retail, which rely on partnerships with credit card companies for substantial revenue [7]. - Airlines like Delta (DAL.US) and United Airlines (UAL.US) saw stock declines, as did retailers like Macy's (M.US) and Kohl's (KSS.US), due to concerns over the potential impact of the proposed legislation [7].

This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. Macy’s is laying off 993 employees as it closes its fulfillment center in Cheshire, Connecticut, according to a Worker Adjustment and Retraining Notification Act notice dated Jan. 13. Operating units will be closed at the center, which has two locations in short proximity of each other, per the notice. Permanent job eliminations will occur in phases base ...

来源：环球市场播报 梅西百货（M）周四早盘上涨0.9%。前分析师称，受尼曼·马库斯（Neiman Marcus）交易带来的巨额债 务和供应商压力驱动的萨克斯全球公司（Saks Global）申请第十一章破产保护，扰乱了竞争对手的库存 和整合，梅西百货（M）可能因此获得市场份额。 ...

Macy's announced that it's closing more than a dozen additional stores in 2026 as it pushes forward with plans to shutter underperforming locations to boost profitability. Approximately 14 stores are slated to close during the first fiscal quarter as part of its "Bold New Chapter" turnaround strategy, which includes shuttering about 150 underperforming locations by the end of 2026.Macy's CEO Tony Spring said in a letter to employees last week that the company will continue to review its portfolio, which inc ...

Key Points It's ambitious, transformational strategy was implemented well. The retailer is becoming notably slimmer by divesting assets and closing underperforming stores. 10 stocks we like better than Macy's › What a difference a few years can make. Macy's (NYSE: M), a one-time poster boy for the retail apocalypse, saw its share price not only grow across 2025 (by over 30%) but also convincingly outperform the broader market as the bellwether S&P 500 index increased at a 16% clip. That was the fir ...

Key Takeaways M trades at a 9.89X forward P/E, well below peers, despite outperforming the industry over the past month.Upward EPS revisions reflect momentum as Macy's raises sales and profit outlooks on improving trends.Luxury brands, store upgrades and supply-chain automation are driving improved engagement and efficiency.Macy's, Inc. (M) is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 9.89X, which positions it at a discount compared with the Zacks Retail - Regional Departme ...

This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. Macy’s will fully shutter its distribution center in South Windsor, Connecticut, later this year, according to a Worker Adjustment and Retraining Notification Act notice dated Jan. 12. The retailer will close its store delivery and customer returns operating units at the facility after announcing plans to cut its backstage operating unit in October. The ...