Hints and tips:
...Macy’s shares, down 15 per cent over the past year, trade on a forward price/earnings ratio of just six times. That is a substantial discount to the S&P 500 retail index....
...Beth Goldstein, a footwear industry analyst at Circana, told Scoreboard that in the US, family footwear retailers (like DSW) and major department stores (like Macy’s) have been losing market share for several...
...One of the highlights of my five years as an ex-pat living in Manhattan’s Upper West Side was watching the Macy’s Parade giant balloons being inflated on Central Park West....
...More cynical attitudes to money, religion and generational trauma loom over other East Asian hits, even as the region’s cultural exports have exploded in the west....
...But Macy’s, Foot Locker and Nordstrom are trickier....
...Bed Bath & Beyond, Macy’s and Gap have admitted to similar inventory troubles in recent months....
...Home prices jumped 18.8 per cent in 2021 compared with the previous year, the biggest annual increase across 34 years of data, according to the S&P Corelogic Case-Shiller index....
...Espen Barth Eide, a former Labour foreign minister told the Financial Times after a centre-left victory for Norway’s Jonas Gahr Store yesterday....
...Take Macy’s, the beleaguered department store chain....
...So we will partner with experts in running a store or restaurant.”...
...Shoppers prefer to consolidate their trips and stock up at big box stores such as Target and Walmart. Macy’s has responded by cutting jobs and permanently closing stores....
...His father owned a shoe store while his mother was an English professor at California State University’s Northridge campus....
...Microsoft’s flagship store....
...Even so, three of Simon’s top occupants have filed for Chapter 11 bankruptcy, while its largest, Macy’s, faces widespread store closures....
...S&P on Tuesday lowered its rating for Macy’s to BB+ — one notch below investment grade — from BBB-, saying it viewed Macy’s turnround plan as necessary but also a sign that the department-store chain’s “...
...That came a day after S&P lowered its rating for Macy’s, the department store chain, to BB+ — one notch below investment grade — from BBB-....
...Macy’s balance sheet has long been in better shape than more distressed rivals, although the department store chain lost its investment grade rating from S&P Global last month and was cut further into junk...
...Apple says it will again close almost a dozen stores in the US because of a recent rise in coronavirus infections in the south and west, reversing its recent move to begin reopening stores as states start...
...Carmaker Ford, department store operator Macy’s, packaged foods maker Kraft Heinz and US airline Delta are among those to have lost their investment grade rating this year....
...The company’s stock has fallen 49 per cent this year, making it the worst performer in the S&P 500 index of blue-chips....
...An index of large-cap US department stores has lost 35 per cent of its value this year, making it the worst-performing subsector in the S&P 500 index....
...Quarterly results from Macy’s on Wednesday showed its earnings almost halved from a year ago, putting shares in the S&P 500 company on track for their lowest close in nine years after dropping 14 per cent...
...Macy’s, meanwhile, set out plans to shut almost 30 stores and disclosed a sales decline, although it was less steep than analysts feared....
...Macy’s, which suffered a downgrade in its credit rating to junk status, normally grants executives options in late March....
...Analysts are forecasting like-for-like sales declines at department store chains Macy’s and JCPenney, according to data from S&P Capital IQ....
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