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Macy's Inc (M)

M on New York Consolidated

22.27USD
23 Jun 2017
Change (% chg)

$0.18 (+0.81%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Macy's CEO on conf call- Anticipate the challenging environment in 2016 to continue
Tuesday, 21 Feb 2017 11:23am EST 

Macy's Inc : CEO on conf call- "physical stores will play an exceedingly important role in the future of shopping for us and others" . CEO on conf call- anticipate the challenging environment in 2016 to continue . CFO- Q4 online sales grew at double digit growth . CEO - "plan to work closely with our real estate team and expect to get a lot done in 2017" . CFO- working on a strategy to transform our beauty business . Not assuming we'll buy back any stock in 2017 in our forecast . CFO on conf call- "are aware of recent headlines, will not be answering any questions regarding rumors or speculation" . CEO- "think there's enough customers in the mall, it's just a matter of where they are shopping" . Backstage within stores making stores more productive, still working on refining the format Further company coverage: [M.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Macy's posts Q4 adjusted earnings per share $2.02
Tuesday, 21 Feb 2017 08:00am EST 

Macy's Inc : Macy's Inc reports fourth quarter and fy2016 results . Q4 earnings per share $1.54 . Q4 sales $8.515 billion versus I/B/E/S view $8.62 billion . Q4 same store sales fell 2.7 percent . Q4 earnings per share view $1.96 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $2.02 excluding items . Macy's Inc- on an owned basis, Q4 comparable sales declined by 2.7 percent . Macy's Inc- comparable sales on an owned plus licensed basis for Q4 were down 2.1 percent . Macy's Inc- capital expenditures for 2017 are expected to be approximately $900 million . Macy's Inc- in fiscal 2017, company expects comparable sales on an owned basis to decline between 2.2 percent and 3.3 percent . Macy's Inc- total sales are expected to be down between 3.2 percent and 4.3 percent in fiscal 2017 . Macy's Inc- adjusted diluted earnings per share of between $3.37 and $3.62 are expected in 2017 .FY earnings per share view $3.20 -- Thomson Reuters I/B/E/S.  Full Article

Hudson's Bay makes takeover approach to Macys - CNBC, citing DJ
Friday, 3 Feb 2017 10:10am EST 

: Hudson's Bay makes takeover approach to Macys - CNBC, citing DJ ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

The Howard Hughes Corp purchases Macy's store at Landmark Mall
Monday, 9 Jan 2017 07:00am EST 

Howard Hughes Corp : The howard hughes corporation purchases Macy's store at Landmark Mall .Has acquired 11.4 acre Macy's store and Parking Field at Landmark Mall in Alexandria, VA.  Full Article

Jana Partners dissolves stake in Ferrari, Macy's
Monday, 14 Nov 2016 08:27am EST 

Jana Partners Llc: Jana Partners Llc dissolves common share stake in Ferrari NV - SEC Filing . Jana Partners Llc dissolves share stake in Macys Inc - SEC Filing .Jana Partners Llc change in holdings are as of September 30, 2016 and compared with the previous quarter ended as of June 30, 2016.  Full Article

Macy's sells five stores to General Growth Properties
Monday, 31 Oct 2016 04:00pm EDT 

Macy's Inc - : Has sold five stores to General Growth Properties . Purchase price of four stores was $46 million .Expects to realize a gain of $32 million from store sales in Q3 of fiscal year 2016.  Full Article

Macy's Inc sets regular quarterly dividend of $0.3775 per share
Friday, 28 Oct 2016 10:13am EDT 

Macy's Inc :Sets regular quarterly dividend of $0.3775 per share.  Full Article

Macy's sets regular quarterly dividend of $0.3775/shr
Friday, 26 Aug 2016 10:45am EDT 

Macy's Inc :Sets regular quarterly dividend of $0.3775 per share.  Full Article

Richard A. Lennox named Macy's Chief Marketing Officer
Thursday, 18 Aug 2016 12:00pm EDT 

Macy's Inc : Richard A. Lennox named Macy's Chief Marketing Officer . Says Lennox succeeds Martine Reardon .Lennox has served as Senior Vice President and Chief Marketing Officer of Toys "R" Us since 2014.  Full Article

Macy's CFO on conf call - FY comparable sales forecast looks achievable
Thursday, 11 Aug 2016 10:51am EDT 

Macy's Inc : CFO on conf call - all of apparel was stronger in Q2 . CFO on conf call - sales trend in the major tourist stores improved for both Macy's and Bloomingdale's in Q2 . CFO on conf call - a few strong promotional events and sharper pricing helped in Q2 . CFO on conf call - expanded Last Act beyond apparel areas, to handbags, expect to convert shoes later this year . CFO on conf call - will not lose representation in any of the top markets through store closures . CFO - most stores being closed are underperforming, also closing few stores because their desirability for redevelopment exceeds their viabiliity as retail stores . CFO - while our weaker-performing and less well-located stores are cash flow positive, many of these don't produce acceptable returns on investment . CFO on conf call - sales of handbags, fashion jewelry and watches continued to be weak in q2 . CFO on conf call - pleased with early performance of China jv with Alibaba . Cfo on conf call - digital business had a strong quarter again of double-digit growth, both at macy's and at bloomingdale's. . CFO on conf call - our FY comparable sales forecast looks achievable . CFO on conf call - had suspended share buyback in Q2 in reaction to disappointing Q1 . CFO on conf call - if current sales trend continue, will consider resuming buybacks in second half of year . CFO - "this country is over-stored, given evolving customer shopping habit".  Full Article

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