Macy’s and Best Buy Partner to Test Consumer Electronics Departments in Macy’s Stores

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Go back to Macy’s and Best Buy Partner to Test Consumer Electronics Departments in Macy’s Stores

Cowen Remains Bullish on Macy's (M) Following Announced Store Closures

September 9, 2015 11:54 AM EDT

Cowen reiterated an Outperform rating and $70.00 price target on Macy's (NYSE: M) following the company's announcement to shutter 35 to 40 stores in early 2016. Analyst Oliver Chen believes that shrinking the fleet size is likely prudent as M makes greater investment in its online business.

Chen commented, "Yesterday AMC, M announced... More

Best Buy (BBY) Will Test Consumer Electronics Departments in 10 Macy's (M) Stores

September 8, 2015 12:02 PM EDT

Macys, Inc. (NYSE: M) today announced it has signed an agreement with Best Buy to test licensed consumer electronics departments in 10 Macys stores to open in early November 2015.

Plans call for Best Buy licensed shops of about 300 square feet to... More