- American City Business Journals•1 hour ago
Although Cincinnati-based Macy's Inc. has closed 68 stores and is closing an additional 30 as their leases expire, the retail giant is still expanding its operations with new locations. In its annual report filed with the Securities and Exchange Commission on March 29, Macy's (NYSE: M) reported that it opened a Macy's store at Fashion Place in Murray, Utah, earlier this year and plans to open another at Westfield Century City in Los Angeles later this year. The retailer is also opening Bloomingdale's locations in San Jose, Calif., and Norwalk, Conn., in 2019.
- Reuters•6 hours ago
Dollarama Inc's quarterly profit beat analysts' estimates as the average amount customers spent at its stores increased, sending the Canadian discount retailer's shares to a record high in early trading on Thursday. The Montreal-based company said the rise in sales was aided by a 7.8 percent increase in the average checkout bill, which is likely to be the biggest Dollarama has ever reported, according to analysts at Buckingham Research Group. Dollarama, which increased its price ceiling to C$4 last year, said total sales also benefited from newer products offered in the fourth quarter.
- American City Business Journals•2 days ago
While Macy's Inc. has headquarters in both New York and Cincinnati, its new CEO says the Queen City plays an important role for the retail giant. Macy's (NYSE: M) CEO Jeff Gennette visited the company's downtown headquarters on Tuesday for a town hall meeting with employees not quite a week after he assumed the top role. In his first interview with a local news outlet as CEO, Gennette said Macy's plans to stay in Ohio and continue to develop the talent and resources coming out of Cincinnati.
M : Summary for Macy's Inc Common Stock - Yahoo Finance
Macy's, Inc. (M)
NYSE - NYSE Real Time Price. Currency in USD
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|Day's Range||29.06 - 29.64|
|52 Week Range||27.72 - 45.41|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||14.81|
|Dividend & Yield||1.51 (5.29%)|
|1y Target Est||N/A|