- Motley Fool•yesterday
The venerable department store is shutting down 100 stores even though they still make money. Here's why.
Automation and minimum wage hikes will help Amazon crush retail icons and kill millions of traditional sales jobs and cost investors in retail icons millions of dollars in losses.
- Reuters•2 days 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.
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 (5.08%)|
|1y Target Est||N/A|