Cowen Remains Bullish on Macy's (M) Following Announced Store Closures
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Gilford Securities Upgrades Macy's (M) to Hold
September 9, 2015 9:46 AM EDTGilford Securities upgraded Macy's (NYSE: M) from Sell to Hold.
For an analyst ratings summary and ratings history on Macy's click here. For more ratings news on Macy's click here.
Shares of Macy's closed at $59.17 yesterday.
... MoreMarket Wrap: United Air Names New CEO; IRS Won't Rule on Yahoo's Alibaba Stake Spin; Merger Monday
September 8, 2015 5:23 PM EDTMarket wrap for September 8th
End of the Day: S&P 500 up 48.2 to 1,969.41; Dow Jones up 390.3 to 16,492.68; Nasdaq up 128.0 to 4,811.93
Market Brief: U.S. markets moved higher as volatility in the markets continues to make for some choppy trading sessions. Most suspect that China worries are ebbing, while the Fed's expected interest rate hike is at the forefront of most traders' minds.
United Airlines announced that CEO Jeff Smisek would step down.
The IRS said it would... More
Macy's to close 35-40 underperforming stores in early 2016
September 8, 2015 4:40 PM EDT(Reuters) - Macy's Inc (NYSE: M) said it would shut 35-40 underperforming stores, accounting for about 1 percent of the department store operator's sales, as more and more customers shop online.
The annual sales volume of the stores, net of sales expected to be retained in nearby stores and... More
Macy's (M) to Close Up to 40 Underperforming Stores
September 8, 2015 4:30 PM EDTMacy's (NYSE: M) announced plans to close 35 to 40 underperforming Macys stores representing approximately 1 percent of the total Macys, Inc. sales in early 2016 as the company works to optimize its omnichannel approach to customers across America.
Physical stores remain absolutely vital to our omnichannel strategy, which provides local touchpoints and tailored merchandise assortments for shoppers in nearly every major market, said Terry J. Lundgren, Macys, Inc. chairman and chief executive officer. As new shopping centers are opened, however, many customers change their shopping habits and often the sales volume of a store gets... More
Macy's to test Best Buy outlets in its stores
September 8, 2015 12:58 PM EDT(Reuters) - Macy's Inc (NYSE: M) said on Tuesday that consumer electronics retailer Best Buy Co Inc (NYSE: BBY) will set up outlets in 10 Macy's stores from November on a test basis.
The Best Buy... More
Streetinsider.com's Hot Lunchtime Reads 9/8: (BBY) (AAPL) (MU) (GPRO)
September 8, 2015 12:07 PM EDTThe following is a list of notable articles to help get you through the lunch hour:Best Buy (BBY) Will Test Consumer Electronics Departments in 10 Macy's (M) Stores ->... More
Best Buy (BBY) Will Test Consumer Electronics Departments in 10 Macy's (M) Stores
September 8, 2015 12:02 PM EDTMacys, 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
