Macy's Inc (M.N)
13 Jan 2017
Fri, Jan 6 2017
(The following statement was released by the rating agency) NEW YORK, January 06 (Fitch) Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) on Macy's, Inc. (Macy's) and Macy's Retail Holdings, Inc. (MRHI) at 'BBB' and affirmed the short-term IDR at 'F2'. The Rating Outlook has been revised to Negative from Stable. A full list of rating actions follows at the end of this release. The Negative Outlook reflects Fitch's reduced confidence in Macy's ability to stabilize compara
Disappointing holiday-season sales at Macy's Inc and Kohl's Corp underscored the uphill task facing department stores to win back shoppers, who are increasingly turning to online retailers and spending less on apparel. | Video
Department store chains Macy's Inc and Kohl's Corp both cut their 2016 profit forecasts on Wednesday, after holiday season sales fell more than expected, pushing down shares in the retail sector in extended trading.
* Macy's inc - "currently experiencing high volume on our site, which has slowed traffic"
BRIEF-Macy's CEO Terry Lundgren on CNBC - Apparel sales picking up on Thanksgiving Day , Black Friday
* Macy's CEO Terry Lundgren on CNBC - Seeing apparel sales picking up on Thanksgiving Day , Black Friday
A divided U.S. appeals court on Friday declined to reconsider its recent decision upholding a bargaining unit of cosmetics and fragrance department workers at a Macy's Inc store, the latest victory for unions and the National Labor Relations Board over so-called micro units.
* Jana Partners Llc dissolves common share stake in Ferrari NV - SEC Filing
Macy's Inc and Kohl's Corp struck an optimistic note going into the holiday shopping season, giving a rare boost to shares of department store operators, which have struggled to grow in the face of intense competition from online retailers.
Nov 10 Macy's Inc and Kohl's Corp struck an optimistic note going into the holiday shopping season and rival Nordstrom Inc raised its annual profit outlook, giving a rare boost to shares of department store operators.
BRIEF-Macy's expects comp sales to be down about 0.5 - down 2 pct in Q4 on an owned plus license basis
* Macy's Inc- Expecting comps sales on an owned plus license basis to be down about 0.5 percent to down 2 percent in Q4 -conf call