- Editor's PickNicole Sinclair•7 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.
- American City Business Journals•6 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.
- American City Business Journals•8 hours ago
Earlier this year, Wisconsin survived the first cut of Macy's stores, but will it pull through the retailer's second planned purging? According to a new report from 1010data, the future is grim for the Milwaukee-area market, which boasts two Macy's department stores. Several weeks ago, Cincinnati-based Macy's Inc. (NYSE: M) revealed it would slash an additional 100 stores from its roster on the heels of shuttering 40 in the spring.
Macy's, Inc. (M)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||39.24 x 200|
|Ask||39.36 x 700|
|Day's Range||39.07 - 40.28|
|52wk Range||29.94 - 60.13|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||15.74|
|Avg Vol (3m)||7,446,831|
|Dividend & Yield||1.51 (3.78%)|