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Macy's (M) Rises As Market Takes a Dip: Key Facts
ZACKS· 2026-02-04 23:50
In the latest close session, Macy's (M) was up +2.26% at $21.71. The stock's performance was ahead of the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq decreased by 1.51%. Prior to today's trading, shares of the department store operator had lost 8.57% lagged the Retail-Wholesale sector's gain of 5.66% and the S&P 500's gain of 0.93%.Analysts and investors alike will be keeping a close eye on the performance of Macy's in its upcoming ...
Macy's Bold New Chapter Execution Accelerates Enterprise-Wide Recovery
ZACKS· 2026-01-29 19:01
Key Takeaways Macy's delivered a 3.2% Q3 comparable sales increase, its strongest showing in 13 quarters.M benefited from Go-Forward stores and Reimagine 125 locations, posting positive comps.Bloomingdale's saw its strongest comparable sales growth in more than three years.Macy’s Inc. (M) is demonstrating an accelerating enterprise-wide recovery as execution of its Bold New Chapter strategy gains traction. The company’s focused approach, strengthening the core Macy’s banner, scaling luxury and modernizing o ...
Should Value Investors Buy Macy's (M) Stock?
ZACKS· 2026-01-29 15:41
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current ...
Macy's Stock: Deep Value Opportunity or Classic Value Trap?​
Yahoo Finance· 2026-01-26 20:32
Key Points Management implemented a turnaround plan in 2024. This year's sales growth has been promising. The stock's valuation has become richer, but remains attractive compared to the overall market. 10 stocks we like better than Macy's › Macy's (NYSE: M) is an iconic retailer, opening its first store in New York City in 1858. That's certainly impressive in a very competitive industry that's seen its share of once well-regarded companies disappear. But that doesn't mean the company will continu ...
'America Has Been Over-Retailed'— Over 8K Stores Are Gone And Even Luxury Isn't Safe As Saks, Neiman Marcus, And Starbucks Start Slashing
Yahoo Finance· 2026-01-25 20:01
Retail Sector Overview - The retail sector is experiencing significant challenges, with over 8,000 chain retail stores in the U.S. permanently closing in 2025, marking a 12% increase from the previous year and the highest annual total on record [1] - Many companies are pruning their store networks to improve profitability and focus on stronger markets rather than pursuing growth [2] Store Closures and Strategic Moves - Various categories are affected by closures, including department stores and apparel brands, with Macy's planning to close 14 underperforming stores across 12 states as part of a strategy to streamline its real estate footprint and enhance digital growth [3] - Saks Global, the parent company of Saks Fifth Avenue, filed for Chapter 11 bankruptcy protection, continuing operations during restructuring with $1.75 billion in financing [4] - Starbucks closed over 400 locations last year, focusing on high-volume formats like drive-thru and mobile order hubs [5] - Other chains like Party City and Joann's have reduced store counts following bankruptcy filings, while GameStop and Foot Locker are also downsizing amid strategic pivots [6] Expansion Amidst Contraction - Some value-focused chains are still expanding, with Dollar General planning to open 450 new stores in the U.S. this year, particularly in rural areas [7] - Walmart, benefiting from a 25% stock increase, continues to invest heavily in logistics and delivery, capitalizing on low prices and steady demand for essentials [7]
Macy’s signals trouble with unexpected closures
Yahoo Finance· 2026-01-24 17:33
Core Insights - Macy's has been facing challenges in attracting customers amid economic uncertainty, with a reported 0.6% year-over-year decline in net sales for Q3 2025 [1] - The company's net income fell by 60% compared to the same period in 2024, indicating significant financial strain [2] - Macy's CEO highlighted that consumers are becoming more discerning in their spending habits, influenced by previous price increases due to tariffs [3] Sales and Foot Traffic - Net sales at Macy's stores decreased by 2.3% during the third quarter [2] - Foot traffic at Macy's locations declined by nearly 11% year-over-year [2] Consumer Sentiment - A significant portion of U.S. consumers (59%) feel cautious or pessimistic about the economy, with 71% citing higher prices as their primary concern [8] - Many consumers are seeking deals more frequently (38%) and are spending less overall (34%) [8] Cost-Cutting Measures - Macy's is closing its fulfillment center in Cheshire, Connecticut, resulting in 993 layoffs over several months [5] - The company is also closing its fulfillment center in Tulsa, Oklahoma, as part of its cost-cutting strategy [10] Strategic Initiatives - Macy's is implementing its "Bold New Chapter" strategy, which aims to streamline operations and improve inventory management, with an expected cost savings of $235 million by the end of the year [11][12] - The company plans to close 150 underperforming stores as part of this strategy [12] Workforce Trends - Macy's layoffs are part of a broader trend among companies restructuring their workforces amid economic challenges and the rise of artificial intelligence [13] - A survey indicates that 55% of companies expect to conduct layoffs in 2026, with AI being a significant factor [17]
Macy’s to Close Connecticut Fulfillment Centers, Cut 1,000 Jobs
Yahoo Finance· 2026-01-22 22:35
Macy’s will lay off roughly 1,000 workers as the department store continues a culling of its distribution and store network. The retailer is shuttering its two fulfillment center facilities in Cheshire, Conn., resulting in the permanent elimination of 993 jobs, according to a Worker Adjustment and Retraining Notification (WARN) Act notice provided by the company. Macy’s had operated in the town since 1986. More from Sourcing Journal With the closure, Macy’s would be laying off 1 percent of its employees ...
Macy's: Excellent Value Play As Sales Heat Up Again
Seeking Alpha· 2026-01-22 14:07
Core Insights - The stock market has experienced significant volatility at the start of 2026, prompting investors to focus on key themes that may influence the market [1] Group 1: Market Overview - The current market conditions are characterized by volatility, suggesting a cautious approach for investors [1] Group 2: Analyst Background - Gary Alexander has extensive experience in covering technology companies on Wall Street and has worked in Silicon Valley, providing him with insights into industry trends [1] - He has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating his influence in the investment community [1]
How Macy’s is flexing its Style Crew affiliate program beyond social media
Yahoo Finance· 2026-01-22 09:42
Macy’s manages the Style Crew program in-house, but leverages technology services from companies CJ and Motom for its creator storefronts. Talent both internally and externally can apply via an online application.“We’re not necessarily thinking of it just in terms of sales, we’re really looking at the engagement of the community,” Port said.The program recorded significant year-over-year growth in 2025, including a 30% to 40% conversion growth among top creators, a 315% boost in revenue and a 327% increase ...
Macy's laying off over 1,000 workers, 'simplifying' operations
Yahoo Finance· 2026-01-21 16:59
Macy’s is closing multiple Connecticut facilities and laying off over 1,000 workers in an effort to simplify the company’s operations, per an online notice filed with the state’s Department of Labor and a statement from the retailer. Macy’s confirmed to USA TODAY on Jan. 21 that the New York City-headquartered company is closing facilities in South Windsor and Cheshire “as part of our ongoing work to modernize our supply chain to better serve customers, while simplifying how we operate.” Closures will be ...