- Reuters•7 hours ago
U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins. An analysis of two important indicators of retail profitability, gross margins and operating margins, shows retailers like Kohl's Corp (KSS.N), JC Penney Co Inc (JCP.N), Macy's Inc (M.N) and Target Corp (TGT.N) have done a better job at delivering on profitability than maintaining sales growth.
- American City Business Journals•17 hours ago
Cincinnati-based retailer Macy's Inc. is eliminating 6,200 employees in a restructuring aimed at culling layers of management, and the Queen City, which houses one of two headquarters for the company, will feel that impact before too long. The retailer announced 68 of those store closings on Jan. 4. The store closings are expected to save Macy's $550 million annually beginning in 2017.
- The Wall Street Journal•23 hours ago
Sears and Macy’s closures at an Ohio mall are a double hit for the mall and a former steel town being swept up in a wave of retail flight across the U.S.
M : Summary for Macy's Inc Common Stock - Yahoo Finance
Macy's, Inc. (M)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||29.46 - 29.85|
|52 Week Range||28.55 - 45.50|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||13.52|
|Dividend & Yield||1.51 (5.13%)|
|1y Target Est||N/A|