by Mike Duff | Jan 14, 2025 | Retail Articles
In previewing early fourth-quarter results, including the 2024 holiday season, Nordstrom came out ahead of Macy’s, which still made some notable gains. In discussing the early results, Macy’s touted the strength and upcoming expansion of its First 50 remodeled stores...
by Mike Duff | Dec 11, 2024 | Retail Articles
Macy’s fell short of analyst expectations for adjusted earnings in its third quarter while posting a revenue beat with its updated First 50 stores reporting comparable sales that surpassed those of the rest of the company. Net income was $28 million, or 10 cents per...
by Mike Duff | Dec 9, 2024 | Featured News, Retail Articles
With investor groups again challenging Macy’s to take the operation in a new direction, the company responded it is willing to engage shareholders, but it is confident in the strategy currently under implementation. The latest investor move comes after Arkhouse...
by Mike Duff | Nov 25, 2024 | Featured News, Retail Articles
Macy’s is providing preliminary third-quarter results while delaying the release of its full financial results for the period as it investigates a former employee’s purported concealing of as much as $154 million in operational expenses starting in the company’s 2021...
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...
