Key Developments: Macy's Inc (M)

M on New York Consolidated

57.45USD
23 Jul 2014
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Latest Key Developments (Source: Significant Developments)

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

Macy's Inc declares quarterly dividend of $0.25 cents
Friday, 28 Feb 2014 01:52pm EST 

Macy's Inc:Declared a regular quarterly dividend of $0.25 cents per share.Payable on April 1, to shareholders of record at the close of business on March 14.  Full Article

Macy's Inc reaffirms FY 2014 earnings guidance - Conference Call
Tuesday, 25 Feb 2014 08:00am EST 

Macy's Inc:Reiterating its FY 2014 sales and earning guidance, initially provided on Jan. 8, 2014.Sees FY 2014 comparable sales growth in the range of 2.5 pct to 3 pct.Sees FY 2014 earnings of $4.40 to $4.50 per share.  Full Article

Macy's Inc to cut 2,500 jobs - Reuters
Wednesday, 8 Jan 2014 04:38pm EST 

Macy's Inc:Announced a new cost cutting plan that will save the retailer about $100 million annually - Reuters.Says restructuring plan will include about 2,500 job cuts, the relocation of some stores and combining the company's Midwest region with its North region, reducing the number of regions to seven from eight.  Full Article

Macy's Inc narrows FY 2013 comparable sales guidance; reaffirms FY 2013 EPS guidance; gives FY 2014 EPS guidance above analysts' estimates; gives FY 2014 comparable sales guidance
Wednesday, 8 Jan 2014 04:00pm EST 

Macy's Inc:Says it is narrowing the range of its guidance for comparable sales growth in the H2 2013 to a range of 2.8 percent to 2.9 percent (from previous guidance of up between 2.5 percent and 4 percent).Says it is maintaining its FY 2013 earnings guidance (reiterated on Nov. 13) in the range of $3.80 to $3.90 per diluted share.Says FY 2014 comparable sales to increase in the range of 2.5 percent to 3 percent compared with FY 2013 levels.Says FY 2014 earnings per share in the range of $4.40 to $4.50.FY 2013 EPS of $3.87 - Thomson Reuters I/B/E/S.FY 2014 EPS of $4.32 - Thomson Reuters I/B/E/S.  Full Article

Martha Stewart Living Omnimedia Inc And Macy Inc's settle legal dispute
Thursday, 2 Jan 2014 08:00am EST 

Martha Stewart Living Omnimedia Inc and Macy's Inc:Says that they have resolved their legal dispute.Says terms of settlement are confidential, will not be disclosed, and are not deemed to be material to MSLO.  Full Article

Macy's Inc Reaffirms H2, FY 2013 Comparable Sale Store Guidance; Reaffirms FY 2013 EPS Guidance
Wednesday, 13 Nov 2013 08:00am EST 

Macy's Inc reaffirmed its fiscal 2013 guidance provided in August 2013. Comparable sales are expected to increase in the range of 2.5% to 4% in the second half of 2013, and in the range of 2% to 2.9% for fiscal 2013. Earnings for fiscal 2013 are expected in the range of $3.80 to $3.90 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $3.78 for fiscal 2013.  Full Article

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HBO actor settles with Macy's, NYC in "shop-and-frisk" suit

NEW YORK - Actor Rob Brown of HBO's "Treme" has settled a federal discrimination lawsuit against Macy's Inc and the city of New York, the retailer said on Thursday, resolving part of a "shop-and-frisk" controversy over racial profiling in the city.

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