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Macy's Inc (M.N)

M.N on New York Stock Exchange

29.70USD
20 Jan 2017
Change (% chg)

$0.25 (+0.85%)
Prev Close
$29.45
Open
$29.58
Day's High
$29.85
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$29.47
Volume
1,747,937
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1,596,276
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$45.50
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Latest Key Developments (Source: Significant Developments)

Macy's Inc's Jeff Gennette - going to focus on our stores at a greater level than we have over the past year"
Thursday, 23 Jun 2016 04:05pm EDT 

Macy's Inc's : Jeff Gennette - "going to reduce (customer) pain points, going to focus on our stores at a greater level than we have over the past year" . Jeff Gennette to Reuters- will amplify commitment to beauty business, "we've got some pretty fierce competitors out there" . CEO Lundgren - many of the real estate transactions quite complicated, so will definitely go on beyond 2016 Further company coverage: [M.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Macy's Inc says Jeff Gennette appointed CEO
Thursday, 23 Jun 2016 09:00am EDT 

Macys Inc - : Macy's, Inc. announces CEO succession plan . Says Jeff Gennette appointed CEO . Says Lundgren will continue as executive chairman of company and work side-by-side with Gennette as president and CEO . Says Jeff Gennette appointed CEO . Terry J. Lundgren will transition position of CEO to Jeff Gennette in Q1 of 2017 . Macy's Inc says Gennette will join Macy's, Inc. board of directors, bringing size of board to 14 members .Macy's Inc says Terry J. Lundgren will transition position of CEO to Jeff Gennette in Q1 of 2017.  Full Article

Local 1-S Macy's Workers union and Macys reach tentative agreement on new 4 year contract - Facebook Post
Thursday, 16 Jun 2016 07:52am EDT 

Macys Inc : Local 1-S Macy's workers union says Local 1-S and Macys have reached a tentative agreement on a new 4 year contract - Facebook Post Further company coverage: [M.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Moody's revises Macy's rating outlook to negative
Thursday, 19 May 2016 05:13pm EDT 

Moody's On Macy's: Moody's revises Macy's rating outlook to negative, affirms baa2 senior unsecured rating .Revision of rating outlook reflects continued weakness in apparel demand within department store increases risk of returning credit metrics.  Full Article

Greenlight Capital ups stake in Yahoo, cuts stake in Time Warner
Monday, 16 May 2016 04:34pm EDT 

: Greenlight Capital Dissolves Class A Share Stake In Fifth Street Asset Management - SEC filing . Greenlight Capital Inc Raises Share Stake In Yahoo Inc To 4.4 Million Shares From 2 Million Shares . Greenlight Capital Inc Ups Share Stake In Baxter Intl Inc To 1.2 Million Shares . Greenlight Capital Inc Cuts Share Stake In Time Warner Inc By 10.2 Percent To 5.8 Million Shares . Greenlight Capital Inc Ups Share Stake In Macys Inc By 4.7 Percent To 7.1 Million Shares . Greenlight Capital Inc Takes Share Stake Of 614,770 Shares In PVH Corp . Greenlight Capital Inc Ups Share Stake In Twenty First Centy Fox Inc By 10 Percent To 4.8 Million Class A Shares . Greenlight Capital Inc Dissolves Share Stake In Match Group Inc . Greenlight Capital Inc Ups Share Stake In Yelp Inc By 743.8 Percent To 3.2 Million Class A Shares .Change In Holdings Are As Of March 31, 2016 And Compared With The Previous Quarter Ended As Of December 31, 2015.  Full Article

Macy's CFO on conf call - Don't expect Q2 comp sales to be significantly better than Q1
Wednesday, 11 May 2016 11:18am EDT 

Macy's Inc : CFO on conf call- no longer confident international tourist spending will improve anytime soon . CFO on conf call- performace in Texas in Q1 disappointing . CFO on conf call- slowness in selling warm wather goods will put pressure on Q2 margins . CFO - hope to see some improvement in sales trend in Q2, but most of our actions expected to have bigger impact in fall and Q4 . CFO - don't expect Q2 comp sales to be significantly better than Q1 . CFO - "our industry is in something of a rough patch..but consumer seems to be doing okay" . CFO on conf call- "not counting on consumers to spend more this year" . CFO on conf call- dont think Q1 would've been better if we'd promoted more Further company coverage: [M.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Macy's Inc gives FY 2016 guidance
Tuesday, 23 Feb 2016 08:00am EST 

Macy's Inc:Expects comparable sales on an owned plus licensed basis to decline by about 1 percent in FY 2016, with comparable sales on an owned basis to be about 50 basis points lower.Says total sales are expected to be down by about 2 percent in FY 2016, reflecting the 40 stores closed in FY 2015.Earnings of $3.80 to $3.90 per diluted share are expected in FY 2016.  Full Article

Macy's Inc outlines cost efficiency initiatives and lists store locations to be closed
Wednesday, 6 Jan 2016 04:00pm EST 

Macy's Inc:Says measures that will reduce sg&a expense by approximately $400 million.Says consolidating the grouping of existing macy's stores into five Regions and 47 local districts.Says reducing an additional 600 positions in back-office organizations.Company today listed 40 macy's store closings.Of the 40, 36 will be closed in early spring 2016.Approximately $200 million of charges, of which about $165 million is expected to be cash, are expected to be booked in Q4 of 2015.Average of 3 to 4 positions to be affected in macy's and bloomingdale's about 770 going-forward stores, for 3,000 affected associates nationwide.Approximately 35 percent of executive positions granted voluntary separation opportunity, will not be replaced.  Full Article

Macy's Inc - Consumer Product Safety Commission Macy's recalls Martha Stewart stainless steel cookware
Tuesday, 29 Dec 2015 10:07am EST 

Macy's Inc:Macy's recalls Martha Stewart stainless steel cookware; injury Hazard with frying pans.U.S. consumer product safety commission says Macys recalling about 121,000 stainless steel cookware sets.  Full Article

Macys Inc prices $500 million of five-year senior notes
Monday, 7 Dec 2015 04:00pm EST 

Macys Inc:Says the pricing of the public offering of $500 million aggregate principal amount of senior notes due 2021 by its wholly owned subsidiary, Macy's Retail Holdings, Inc.Says the senior notes were issued at a price of 99.899% of par and will bear interest at a rate of 3.450% per annum.Says the senior notes will be fully and unconditionally guaranteed on a senior unsecured basis by Macy's, Inc.Says the transaction is expected to close, subject to customary closing conditions, on or about December 10, 2015.Macy's Retail Holdings will use the net proceeds for general corporate purposes.  Full Article

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U.S. department stores steady profitability boat even as sales slide

CHICAGO U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.