Macy's Inc

Macy's Inc said on Thursday it aimed to save $400 million to $550 million annually in the next two to four years, as the department store chain cuts back on discounts, while focusing more on targeted promotions for customers.

Macy's Inc <M.N> cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18%.

Macy's Inc <M.N> Chief Executive Officer Jeff Gennette said on Wednesday that the department store chain would not raise prices on products if the Trump administration goes ahead with its latest 10% tariffs.

Macy's Inc Chief Executive Officer Jeff Gennette said on Wednesday that the department store chain would not raise prices on products if the Trump administration goes ahead with its latest 10% tariffs.

Macy's Inc reported a 48% fall in quarterly profit and cut its forecast for full-year adjusted earnings on Wednesday, as the department store operator discounted heavily to clear excess inventory, sending its shares down 13%.

Macy's Inc on Wednesday was hit with a lawsuit claiming it unlawfully refuses to hire or fires workers with criminal records, which has a disproportionate impact on black and Latino people.

Department store operators J.C. Penney Co Inc and Macy's Inc have opposed U.S. President Donald Trump's proposal to include apparel and footwear among the Chinese goods targeted for tariffs.

Home furnishing retailer RH and apparel retailer Oxford Industries Inc revealed major steps, including shifting production out of China and raising prices, to cushion the impact of the tariff hike on Chinese goods.

Macy's Inc said on Wednesday the latest tariffs on Chinese imports by Washington are hitting its furniture business and warned investors that additional levies would leave its clothing and accessory categories vulnerable as well.

Macy's Inc said on Wednesday the recent hike in U.S. tariffs on Chinese goods will hurt its furniture business of the department store operator.

Macy's Inc said on Wednesday the recent hike in U.S. tariffs on Chinese goods will hurt its furniture business of the department store operator.

Macy's Inc topped Wall Street estimates for quarterly same-store sales on Wednesday, benefiting from increased digital sales and higher demand for discounted luxury items sold at its off-price stores, sending its shares up 7%.

Macy's Inc, the largest U.S. department store chain, said on Tuesday it would cut 100 senior management positions to reduce costs and improve profitability, and reported holiday same-store sales growth short of Wall Street's expectations.

Macy's Inc on Tuesday announced a restructuring plan that would cut the complexity of its top management structure to speed up decision-making and reduce costs.

Macy's Inc <M.N> shares plunged 18 percent on Thursday after the department store operator slashed its full-year profit and sales forecast on the back of an anemic holiday season, sending a chill through the wider retail sector.

* Powell says Fed can be patient as U.S. economy evolves in 2019

An index of world stock markets was little changed on Thursday after a four-day winning streak, as investors fretted over the lack of clear signs that a U.S.-China trade spat was resolved and over sluggish global economic growth.

Shares of Macy's Inc <M.N> plunged 17 percent in early trading on Thursday, after the department store operator cut same-store sales forecast for the full year due to weak demand during mid-December.

Macy's Inc cut its full-year comparable sales forecast on Thursday while year-end sales growth at rival Kohl's Corp disappointed investors, signaling retailers' continued struggle to keep up with a shift towards online shopping.