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Macy's Inc (M)

M on New York Consolidated

24.59USD
15 Dec 2017
Change (% chg)

$-0.21 (-0.85%)
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$24.80
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Latest Key Developments (Source: Significant Developments)

Moody's Says Stable U.S. Retail Outlook In 2018, Reflective Of Higher Operating Income, Sales
Friday, 15 Dec 2017 09:30am EST 

Dec 15 (Reuters) - Moody's::MOODY'S SAYS STABLE U.S. RETAIL OUTLOOK IN 2018, REFLECTIVE OF HIGHER OPERATING INCOME AND SALES.MOODY'S SAYS EXPECT LOSSES TO BEGIN TO TAPER FOR U.S. DEPARTMENT STORES, INCLUDING MACY'S, KOHL'S, AND NORDSTROM, IN 2018.  Full Article

Macy’s Announces Pricing Of Debt Tender Offer
Monday, 11 Dec 2017 01:23pm EST 

Dec 11 (Reuters) - Macy's Inc ::MACY’S, INC. ANNOUNCES PRICING OF DEBT TENDER OFFER.MACY'S INC - ‍PRICING TERMS OF TENDER OFFER OF CO'S UNIT TO PURCHASE UP TO $400 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF OUTSTANDING DEBT SECURITIES.MACY'S INC - AS A RESULT OF THE TENDER OFFER, CO EXPECTS TO RECORD A ONE-TIME PRE-TAX GAIN OF ABOUT $13 MILLION IN FOURTH FISCAL QUARTER OF 2017.MACY'S INC - TENDER OFFER OF ITS UNIT IS SCHEDULED TO EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON DEC. 22, 2017.MACY'S INC - ‍BY COMPLETING TENDER OFFER, MACY'S INTEREST EXPENSE IS ANTICIPATED TO BE REDUCED ON A FULL YEAR BASIS BY APPROXIMATELY $26 MILLION​.  Full Article

Macy's Executive Chairman Terry Lundgren To Retire
Friday, 8 Dec 2017 04:30pm EST 

Dec 8 (Reuters) - Macy's Inc ::MACY’S EXECUTIVE CHAIRMAN TERRY LUNDGREN TO RETIRE.- JEFF GENNETTE APPOINTED CHAIRMAN.SAYS JEFF GENNETTE APPOINTED CHAIRMAN OF THE BOARD.- EXECUTIVE CHAIRMAN TERRY LUNDGREN WILL RETIRE FROM BOARD OF DIRECTORS EFFECTIVE JAN. 31, 2018.- MARNA WHITTINGTON REMAINS LEAD INDEPENDENT DIRECTOR.- FOLLOWING LUNDGREN'S RETIREMENT, BOARD WILL HAVE 10 DIRECTORS.  Full Article

Macy’s Inc Announces Debt Tender Offer
Monday, 27 Nov 2017 04:02pm EST 

Nov 27 (Reuters) - Macy's Inc ::MACY’S, INC. ANNOUNCES DEBT TENDER OFFER.MACY'S INC - UNIT COMMENCED A CASH TENDER OFFER TO PURCHASE UP TO $400 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF ITS OUTSTANDING NOTES​.MACY'S INC - ‍TENDER OFFER WILL EXPIRE ON DECEMBER 22 UNLESS EXTENDED​.  Full Article

Macy's Inc Q3 EPS $0.23 excluding items
Thursday, 9 Nov 2017 08:00am EST 

Nov 9 (Reuters) - Macy's Inc ::Macy's, Inc. reports third quarter 2017 earnings above prior year and re-affirms full-year guidance.Sees fy 2017 adjusted earnings per share $3.38 to $3.63 excluding items.Q3 earnings per share $0.23 excluding items.Q3 sales $5.281 billion versus I/B/E/S view $5.31 billion.Q3 same store sales fell 4 percent.Q3 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.Macy's Inc - ‍comparable sales on an owned basis were down 4.0 percent in Q3 and down 3.6 percent on an owned plus licensed basis​.Macy's Inc says saw better gross margin performance in quarter primarily due to tightly controlled inventory position​.Macy's Inc - ‍"a highlight of Q3 was launch of new star rewards loyalty program"​.Macy's Inc - ‍"we expect continued improvement in our trends in q4, including a solid lift from loyalty and digital"​.Macy's Inc - ‍remain on track to meet our full-year sales and earnings guidance for 2017​.  Full Article

Samsung Experience to launch at Macy's Herald Square
Tuesday, 31 Oct 2017 09:00am EDT 

Oct 31 (Reuters) - Macy's Inc :Samsung Experience to launch at Macy’S Herald Square.Macy's Inc - ‍beginning Nov. 1, customers shopping at Macy's Herald Square will be able to explore and purchase a range of Samsung products​.  Full Article

MACY'S INC ‍DECLARES REGULAR QUARTERLY DIVIDEND OF 37.75 CENTS/SHARE
Friday, 27 Oct 2017 11:01am EDT 

Oct 27 (Reuters) - Macy's Inc ::BOARD ‍DECLARED REGULAR QUARTERLY DIVIDEND OF 37.75 CENTS PER SHARE ON MACY'S COMMON STOCK, PAYABLE JAN. 2, 2018​.  Full Article

Macy’s names Danielle kirgan as chief human resources officer
Tuesday, 17 Oct 2017 08:30am EDT 

Oct 17 (Reuters) - Macy's Inc :Danielle Kirgan named chief human resources officer of Macy's Inc.Macy's Inc - ‍ appointment of Danielle Kirgan as chief human resources officer, effective October 23, 2017​.  Full Article

Macy’s Inc expands same-day delivery service to cover 33 markets
Thursday, 31 Aug 2017 06:00am EDT 

Aug 31 (Reuters) - Macy's Inc :Macy’s Inc expands same-day delivery service to cover 33 markets.Macy's Inc - ‍expansion of its same-day delivery of products purchased online at macys.com, bloomingdales.com and both brands' mobile apps​.  Full Article

Macy's names Hal Lawton president
Monday, 21 Aug 2017 04:55pm EDT 

Aug 21 (Reuters) - Macy's Inc :Hal Lawton named President of Macy’s.Macy's Inc - ‍Restructuring includes consolidation of three functions - Merchandising, Planning and private brands​.‍Company also announced restructuring of its merchandising operations​.Macy's Inc says company anticipates it will save approximately $30 million on an annual basis from restructuring.Macy's Inc says anticipates one-time costs of approximately $20 - $25 million associated with restructuring, to be booked primarily in Q3 of 2017.‍Company expects that the restructuring actions will result in a headcount reduction of approximately 100​.Macy's-Consolidation of 3 functions into one merchandising function to be led by Jeff Kantor, organized around 5 'Families-of-business'​.Macy's- Sees savings due to restructuring of about $5 million or about 1 cent/share in Q4 2017, which is additive to previously provided earnings guidance​.Macy's Inc - ‍ Lawton was most recently senior vice president, eBay North America​.  Full Article

WRAPUP 2-U.S. retail sales, labor market data boost economic outlook

WASHINGTON, Dec 14 U.S. retail sales increased more than expected in November as the holiday shopping season got off to a brisk start, pointing to sustained strength in the economy that could pave the way for further Federal Reserve interest rate hikes next year.