Key Developments: Macy's Inc (M.N)

M.N on New York Stock Exchange

64.26USD
24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Macy's, Inc prices $550.0 million of 20-year senior notes
Thursday, 13 Nov 2014 04:12pm EST 

Macy's, Inc:Prices the public offering of $550.0 mln aggregate principal amount of senior notes due 2034 by its wholly owned subsidiary, Macy's Retail Holdings, Inc.Senior notes were issued at a price of 98.940 pct of par and will bear interest at a rate of 4.500 pct per annum.Senior notes will be fully and unconditionally guaranteed on a senior unsecured basis by Macy's, Inc.Transaction is expected to close, subject to customary closing conditions, on or about Nov. 18.Macy's Retail Holdings will use the net proceeds for general corporate purposes, which may include working capital, capital expenditures, retirement of indebtedness and repurchasing outstanding common stock of Macy's, Inc.Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers.Jones Day is acting as counsel to Macy's, Inc. and Macy's Retail Holdings.  Full Article

Macy's Inc lowers FY 2014 comparable sales growth and EPS outlook
Wednesday, 12 Nov 2014 09:00am EST 

Macy's Inc:Now expects FY 2014 earnings per diluted share in the range of $4.25 to $4.35, compared with previous range of $4.40 to $4.50.FY 2014 comparable sales together with comparable sales of departments licensed to third parties to increase by 1.2 - 1.5 pct compared to previous guidance 2 - 2.5 pct.FY 2014 EPS of $4.40 - Thomson Reuters I/B/E/S.  Full Article

Macy's Inc declares quarterly dividend
Friday, 24 Oct 2014 02:34pm EDT 

Macy's Inc:Declares a regular quarterly dividend of 31.25 cents per share on Macy's common stock.Payable Jan. 02, 2015, to shareholders of record on Dec. 15, 2014.  Full Article

Macy's and TriFactor announce partnership in New Tulsa, Oklahoma Fulfillment Center
Monday, 22 Sep 2014 11:49am EDT 

Macy's Inc:Partnered with TriFactor to provide the inventory storage and picking solution portion of the material handling system.  Full Article

Macy's Inc declares quarterly dividend
Friday, 22 Aug 2014 12:38pm EDT 

Macy's Inc:Declares a regular quarterly dividend of 31.25 cents per share.Payable Oct. 1, to shareholders of record at the close of business on Sept. 15.  Full Article

Macy's Inc lowers FY 2014 comparable sales growth outlook, reaffirms FY 2014 EPS outlook
Wednesday, 13 Aug 2014 08:00am EDT 

Macy's Inc:Now expects FY 2014 comparable sales growth to increase by 2 to 2.5 pct (previous 2.5 to 3 pct).Continues to expect FY 2014 earnings per diluted share in the range of $4.40 to $4.50, consistent with guidance previously provided.FY 2014 EPS of $4.47 - Thomson Reuters I/B/E/S.  Full Article

Macy's Inc prices $500 mln of 10-year senior notes
Tuesday, 20 May 2014 04:25pm EDT 

Macy's Inc:Announced the pricing of the public offering of $500.0 million aggregate principal amount of senior notes due 2024 by its wholly owned subsidiary, Macy's Retail Holdings, Inc.Senior notes were issued at a price of 99.899 pct of par and will bear interest at a rate of 3.625 pct per annum.Transaction is expected to close on or about May 23.Says it will use the net proceeds for general corporate purposes.  Full Article

Macy's Inc reaffirms FY 2014 comparable sales growth and EPS guidance
Wednesday, 14 May 2014 08:00am EDT 

Macy's Inc:Reaffirms FY 2014 guidance provided in Jan.Continues to expect comparable sales growth in FY 2014 in range of 2.5 pct. to 3 pct.Reiterates guidance for earnings per diluted share (EPS) in FY 2014 of $4.40 to $4.50.FY 2014 EPS of $4.48 - Thomson Reuters I/B/E/S.  Full Article

Macy's Inc announces increase in dividend
Wednesday, 14 May 2014 08:00am EDT 

Macy's Inc:Declares an increase in the quarterly dividend to $0.3125 per share.Payable on July 1 to shareholders of record at the close of business on June 13.  Full Article

Macy's Inc announces appointment of President
Monday, 31 Mar 2014 03:15pm EDT 

Macy's Inc:Jeffrey Gennette, who served for past five years as chief merchandising officer appointed as President, effective immediately.He is responsible for merchandising functions, as well as oversight of marketing and macys.com.  Full Article

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U.S. third-quarter growth likely to be revised higher on services data

WASHINGTON - U.S. economic growth was likely stronger in the third quarter than previously reported, according to data on Wednesday that showed spending on services expanding at a brisk clip.

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