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LexMacy's Inc
Macy’s turnaround plan won’t recapture the old magic Premium content
...That compares with Macy’s market valuation of $5.3bn. Arkhouse has not revealed its plans for Macy’s. Past activists wanted to sell real estate and lease it back....
February 28, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
April 5, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Macy's Inc
Miracle on 34th St?
...He argues that a $21-per-share price overvalues Macy’s properties....
December 12, 2023
John Gapper
Rejoice that Santa Claus gives prime delivery to everyone
...We live in a transactional world, as Macy’s knows....
December 23, 2023
Walmart Inc
Walmart tumbles 8% on cautious holiday outlook for consumer spending
...Meanwhile, Macy’s, the US department store chain, reported strong results on Thursday. Its shares closed up 5.7 per cent in New York....
November 16, 2023
Unhedged
Anatomy of a slowdown Premium content
...Like BJ’s, Macy’s serves a wide range of households, but it noted that even high-end products were seeing weaker demand, too: “There’s no doubt that there’s a normalisation happening in the luxury sector...
November 20, 2023
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
LexMacy's Inc
Macy’s: department store operator faces uphill climb Premium content
...Even digital sales, one of the few bright spots for Macy’s, fell as a percentage of net sales. The outlook for 2023 is not much better....
March 2, 2023
Scoreboard
Hollywood comes for Formula One Premium content
...That’s why some retail analysts were curious about the Macy’s and DSW announcements....
July 1, 2023
Retail & Consumer industry
Foot Locker cuts outlook with warning on consumer spending and theft
...Macy’s on Tuesday said it would take “a cautious view on the consumer and their capacity to spend on the discretionary categories we sell” and reported it had offered large discounts to clear inventory....
August 23, 2023
UnhedgedRobert Armstrong
Beyond Bed and Bath Premium content
...But Macy’s, Foot Locker and Nordstrom are trickier....
April 24, 2023
LexMacy's Inc
Macy’s: do not bet on revenge spending boost to last Premium content
...That has allowed Macy’s to sell more products at full price. The ability of Macy’s to pass on higher prices is reflected in its gross margins....
May 26, 2022
LexTesla Inc
Tesla/China: recalls draw attention at a risky time Premium content
...Amazon, Google, Best Buy, Uber, LinkedIn, Macy’s and eBay are among those that beat a retreat. Tesla is far too invested in China to have the option of following its compatriots by pulling out....
November 25, 2022
US retail
US retailers prepare for penny-pinching holidays as inflation bites
...Macy’s, the rival department store group, also said on Tuesday that a “competitive promotional climate” was intensifying as discretionary spending weakened. “Inflation is outpacing wage growth....
August 24, 2022
US employment
US employers slow down hiring before holiday shopping rush
...Macy’s and Walmart have said they plan to hire thousands fewer holiday workers than they did last year....
November 25, 2022
LexMacy's Inc
Macy’s: break-up is a trend best avoided Premium content
...Now Macy’s is looking to do the same....
November 19, 2021
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
News in-depthUS retail
US retailers ditch talk of ‘Roaring Twenties’ boom amid consumer pinch
...Chains from Walmart to Macy’s have lamented similar inventory overstocking, with Target announcing on June 7 that it would mark down prices and cancel orders in order to clear out excess inventories....
July 6, 2022
Home Depot Inc
Home Depot warns supply chain costs will hit profit margins
...Retailer Macy’s on Tuesday joined Home Depot in flagging challenges related to inflation, supply chain constraints and labour shortages as it forecast full-year adjusted earnings in the range of $4.13 to...
February 22, 2022
US inflation
‘We’ve never seen anything like this’: US retailers compete to clear stock
...Bed Bath & Beyond, Macy’s and Gap have admitted to similar inventory troubles in recent months....
July 30, 2022
US retail
US retailers boost forecasts as customers go on shopping spree
...Macy’s stores “continue to show signs of recovery earlier than expected”, chief executive Jeff Gennette said....
May 18, 2021
Coronavirus
Coronavirus: Walmart, Home Depot and Macy’s results buoyed by US stimulus and easing of restrictions - as it happened
LexTJX Cos Inc
TJX/off-price retailers: US retail bargain hunters buck ecommerce trend Premium content
...Macy’s reported a 17 per cent slide. With $10.5bn in cash on hand, TJX is well placed to take advantage of struggling retailers and snap up unsold inventory on the cheap....
April 13, 2021
Markets InsightEllen Carr
Jane Austen plot unfolds in the high-yield debt market
...Take Macy’s, the beleaguered department store chain....
February 3, 2021
LexMacy's Inc
Macy’s: thanks, but no thanks Premium content
...Macy’s has responded by cutting jobs and permanently closing stores....
September 2, 2020
Klarna AB
Macy’s takes stake in Klarna as part of payment partnership
...Macy’s is to take a stake in Swedish buy-now pay-later group Klarna as part of a partnership under which the US department store chain will offer its customers the possibility to split up online purchases...
October 6, 2020
Macy's Inc
Macy’s points to uneven recovery from lockdown
...Macy’s was “leaning harder into luxury” as a result, she added....
September 2, 2020

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