|Bid||0.00 x 700000|
|Ask||480.00 x 6000|
|Day's Range||440.42 - 440.42|
|52 Week Range||426.00 - 930.50|
|PE Ratio (TTM)||221.32|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Macy's Inc. CEO Jeff Gennette, in his first address to shareholders since taking the retailer's top job in March, unveiled a new strategy to guide the struggling department store giant. During Macy's (NYSE: M) 2017 annual meeting last week, Gennette laid out what he called the North Star Strategy. "As we reviewed our strategy to best address today's challenges and navigate the company back to growth, we sought inspiration from our founder," Gennette said.
A number of secular headwinds are pressuring department stores. But several short-term factors also hurt sales across the sector last quarter.
Macy’s, Wal-Mart, Children’s Place, Gap and Foot Locker are part of Zacks Earnings Preview