Macy’s (NYSE:M) layoffs are a hot topic on Friday after the retailer announced plans to cut a large number of jobs and close some stores.According to recent reports, Macy’s is planning to cut 2,350 jobs and close down five of its stores. The layoffs are going to affect 13% of its corporate workers and 3.5% of its total workforce.These Macy’s layoffs are coming as the retail company seeks to streamline operations. Doing so will speed up its business while also saving the retailer money. That’s due to plans t ...

Key TakeawaysThe retailer plans to cut roughly 2,350 jobs and close five stores in an effort to streamline costs and stem slowing sales.Macy's shares broke above a multi-month downtrend line in mid-November, indicating many of the challenges facing the retailer could be already baked into the price.The current retracement in Macy's shares could find support from the 50-day moving average. Macy's, Inc. Source: TradingView.com.Department store retailer Macy’s (M) is in focus after it announced Thursday tha ...

智通财经APP获悉，据报道，梅西百货(M.US)计划裁员13%，约2350个职位，并关闭五家门店。 首席执行官Jeff Gennette和总裁Tony Spring在一份备忘录中表示：“尽管我们在过去几年取得了强劲而切实的进展，但我们仍面临压力。”Spring将于2月接替Gennette担任首席执行官。 该备忘录称，公司计划提高其供应链的自动化程度，并外包一些角色，同时减少管理层以加快决策速度。 除了裁员，梅西百货还将关闭五家门店，并出售两家家具店。关闭的门店分别位于加利福尼亚州、弗吉尼亚州阿灵顿、夏威夷州利胡埃和佛罗里达州塔拉哈西。 受销售额下降的困扰，这家百货公司自新冠疫情以来一直在苦苦挣扎，截至目前已累计裁员2.8万人，关闭了119家门店。自去年以来，有关收购该公司的传言就一直不绝如耳，Sycamore Partners是最新一家考虑收购的公司。 收购的可能性提振了梅西百货的股价，该股股价一度从去年11月份的低点10.59美元上涨至上月的每股21美元以上。截至周四收盘，该股报17.93美元。 ...

Michael M. Santiago High-end retailers are often at a premium, despite the supply chain being difficult to manage. Among the companies trying to modernize their supply lines is Macy’s Inc. (NYSE: M). They will be the subject of today’s analysis. A company of 722 stores, they are understandably a highly seasonal business, with a lot of their sales coming in November and December. This includes standard Macy’s, a high-end retailer in its own right, the luxury brand Bloomingdale’s, and the skincare product ...

The most recent trading session ended with Macy's (M) standing at $18.54, reflecting a -0.43% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq gained 0.02%.Heading into today, shares of the department store operator had lost 5.1% over the past month, lagging the Retail-Wholesale sector's gain of 4.89% and the S&P 500's gain of 3.52% in that time.The investment community will b ...

Parkev Tatevosian, CFA has positions in Macy's. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Macy's, Inc. (M) is making significant progress in its strategic initiatives, positioning itself for success in an evolving retail landscape. These initiatives are designed to boost market share, enhance customer engagement and maintain a strong financial position.The company has exhibited a decent run on the bourses in the past three months. Its success can be attributed to its robust omni-channel capabilities, marked by investments in online shopping experiences, data and analytics, technology infrastruct ...

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 October 28, 2023 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. (E ...

Macy's, Inc. (NYSE:M) Q3 2023 Earnings Conference Call November 16, 2023 8:00 AM ET Company Participants Pamela Quintiliano - Vice President of Investor Relations Jeff Gennette - Chairman and Chief Executive Officer Tony Spring - President and Chief Executive Officer-Elect Adrian Mitchell - Chief Operating Officer and Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Oliver Chen - TD Cowen Brooke Roach - Goldman Sachs Ashley Helgans - Jefferies Michael Binetti - Evercore ISI Arian ...

Macy’s, Inc. Third Quarter 2023 Earnings Presentation Safe ...