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Macy’s Expanding Home for Holidays After Q2 Earnings Beat, Comps Decline

Macy’s Expanding Home for Holidays After Q2 Earnings Beat, Comps Decline

by Mike Duff | Aug 21, 2024 | Featured News, Retail Articles

Macy’s beat a second-quarter Wall Street earnings estimate, but comparable sales slipped as the company prepares for the upcoming holidays by fortifying its home product assortment. Net income was $150 million, or 53 cents per diluted share, versus a net loss of $22...
Lowe’s Beats Wall Street in Q1 Although Earnings, Revenues Slipped

Lowe’s Beats Wall Street in Q1 Although Earnings, Revenues Slipped

by Mike Duff | May 21, 2024 | Retail Articles

Despite a decline in do-it-yourself shopper sales, Lowe’s managed to beat Wall Street estimates for earnings and revenues in the first quarter. Net earnings were $1.76 billion, or $3.06 per diluted share, versus $2.26 billion, or $3.77 per diluted share, in the...
Macy’s Expanding Home for Holidays After Q2 Earnings Beat, Comps Decline

Macy’s Links Q1 Progress to Investment Plan Starting with Top 50 Stores

by Mike Duff | May 21, 2024 | Featured News, Retail Articles

Macy’s pointed to gains from an operating investment strategy starting with its top 50 stores in beating Wall Street estimates on first-quarter sales and revenues despite declines in both metrics. Net income was $62 million, or 22 cents per diluted share, versus $155...
Macy’s Nominates Its Ex-Real Estate Leader for Board as Arkhouse Continues Buyout Push

Macy’s Nominates Its Ex-Real Estate Leader for Board as Arkhouse Continues Buyout Push

by Mike Duff | Mar 15, 2024 | Retail Articles

Faced with a proxy fight, Macy’s announced the nomination of Douglas Sesler, founder and president of Fair Street Partners, to stand for election to the company’s board of directors at its 2024 annual meeting of shareholders. Arkhouse Management Co. has nominated a...
Macy’s Expanding Home for Holidays After Q2 Earnings Beat, Comps Decline

As Department Stores Go Smaller, Where Does Housewares Fit?

by Chandler Harvey | Jan 26, 2024 | Featured News, Retail Articles

Small-store strategies have proven popular with a number of major retailers. Macy’s, for one, has been particularly adamant about the importance of limited size and limited assortment in full-priced stores, seeing the opportunity to draw new customers to locations...
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