- Editor's PickNicole Sinclair•19 hours ago
2016 has been a difficult year for traditional retailers, with store closures—at Macy’s (M) and beyond–picking up. PVH, the $9 billion company behind Calvin Klein, Tommy Hilfiger along with Van Heusen, IZOD, and Speedo, gets 60% of its sales from wholesale, including department stores like Macy’s and Nordstrom (JWN) that have been struggling with changing consumer behavior. Chirico added that for his business, store closures could be key to boosting profitability.
- U.S.News & World Report•46 minutes ago
Department store sales fell 0.5 percent in July and were down 4 percent from last July, according to the U.S. Census Bureau's latest retail sales report. "Online shopping has become a truly disruptive theme. It's an exciting place to invest in a kind of dot-com renaissance," says Hilary Kramer, editor of the New York City-based GameChangers stock newsletter.
- American City Business Journals•3 hours ago
Cincinnati-based Macy's Inc. announced earlier this month it would close 100 stores by the beginning of 2017 , and a business analytics firm thinks it knows where those closings will be. While Macy's (NYSE: M) itself said it will release the full list of stores to be closed later this year, New York-based 1010data looked at where the department store is losing market share to rivals like Dillard's, Nordstrom and Lord and Taylor as well as consumer spending data. The firm examined change in market share between the second quarter of 2015 and the second quarter of 2012.
Macy's, Inc. (M)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||39.15 x 200|
|Ask||39.47 x 200|
|Day's Range||39.07 - 39.39|
|52wk Range||29.94 - 60.13|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||15.69|
|Avg Vol (3m)||7,473,659|
|Dividend & Yield||1.51 (3.80%)|