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News: Macys Inc (M)

M on New York Consolidated

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27 May 2016
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Thu, May 19 2016

BRIEF-Moody's revises Macy's rating outlook to negative

* Moody's revises Macy's rating outlook to negative, affirms baa2 senior unsecured rating

Macy's forecast cut adds to apparel gloom; shares dive

Macy's Inc reported a much bigger-than-expected drop in quarterly sales and slashed its full-year forecast, underscoring U.S. department stores' uphill struggle against slumping demand for apparel. | Video

UPDATE 4-Macy's forecast cut adds to apparel gloom; shares dive

* Shares of rivals also fall (Adds analysts' comments, graphic; updates shares)

BRIEF-Macy's CFO on conf call - Don't expect Q2 comp sales to be significantly better than Q1

* CFO on conf call- no longer confident international tourist spending will improve anytime soon

US STOCKS SNAPSHOT-U.S. stocks open lower as Disney, Macy's drag

May 11 U.S. stocks opened lower on Wednesday as oil prices surrendered early gains and poor results from Walt Disney and Macy's weighed on investor sentiment.

Macy's sales drop for fifth straight quarter

May 11 Department store operator Macy's Inc reported a 7.4 percent fall in first-quarter sales, the fifth straight quarter of decline, as customers cut back on buying apparel and a strong dollar discourages tourists from spending heavily.

BRIEF-Fitch downgrades Macy's, Inc. to 'BBB'; outlook stable

* Fitch SAYS expects recent weakness in mid-market apparel sector and online migration of sales will continue

BRIEF-Macy's CEO says consumer spending same as in January - CNBC

* Macy's CEO Terry Lundgren says consumer spending same as it was in January; spending on homes, autos rather than apparel -CNBC

BRIEF-Macy's sees 2016 adjusted diluted earnings per share $3.80 - $3.90

* Sees 2016 adjusted diluted earnings per share of $3.80 to $3.90 - SEC filing

BRIEF-Macys CEO Terry Lundgren FY 2015 total compensation $11.7 mln

* Says CEO Terry J. Lundgren FY 2015 total compensation $11.7 million versus $16.5 million in FY 2014

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