Macy's Inc (M.N)
17 Jan 2017
An improving economy and attractive deals from retailers powered a better-than-expected 4 percent increase in U.S. holiday sales to $658.3 billion, retail industry group National Retail Federation said.
Jan 13 An improving economy and attractive deals from retailers powered a better-than-expected 4 percent increase in U.S. holiday sales to $658.3 billion, retail industry group National Retail Federation said.
(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
* Asian shares hit 4-week high, world shares at 1-1/2-year high
The Nasdaq squeaked out a record high close on Thursday thanks to Amazon.com, while deep drops in Macy's, Kohl's and other department stores weighed on the broader stock market. | Video
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.
Sears Holdings Corp said it would sell its Craftsman tools business to Stanley Black & Decker Inc for $900 million, sending its shares up and taking some of the focus away from the company's dismal holiday season performance.
This U.S. holiday shopping season, wearing the brand is more likely to help get you a job in a store than experience, as retailers look for enthusiasm that will persuade customers to spend and help numb the impact of online rivals like Amazon.com Inc.
* Macy's inc - "currently experiencing high volume on our site, which has slowed traffic"
|Wal-Mart Stores Inc (WMT.N)||$68.42||+1.29|
|Target Corporation (TGT.N)||$70.94||+0.75|
|Amazon.com, Inc. (AMZN.OQ)||$809.72||-7.42|
|Sears Holdings Corp (SHLD.OQ)||$8.92||+0.18|
|Kohl's Corporation (KSS.N)||$41.38||+0.59|
|J C Penney Company Inc (JCP.N)||$6.94||+0.18|
|Nordstrom, Inc. (JWN.N)||$44.38||+0.18|
|Bed Bath & Beyond Inc. (BBBY.OQ)||$41.14||+0.22|
|Dillard's, Inc. (DDS.N)||$56.98||+0.52|
|Bon-Ton Stores Inc (BONT.OQ)||$1.28||-0.05|