|Bid||19.65 x 100|
|Ask||20.05 x 500|
|Day's Range||19.68 - 19.99|
|52 Week Range||19.32 - 45.41|
|PE Ratio (TTM)||9.07|
|Dividend & Yield||1.51 (6.93%)|
|1y Target Est||N/A|
Internet retail giant Amazon.com Inc. announced Oct. 16 that it's leasing the top six floors of the downtown Seattle Macy's building, which is owned by the Cincinnati-based retailer it is poised to overtake this year as the top online apparel seller. Macy's Inc. (NYSE: M) sold the top four floors of its downtown Seattle building to Starwood Capital Group in 2015 for $65 million, and then it sold two additional floors this year. Amazon (AMZN) is expected to move into the building in late summer 2018.
US retail e-commerce sales grew 16.2% on a YoY basis in 2Q17. The US e-commerce sales as a percentage of total retail sales reached 8.9% in 2Q17.
Department stores and retailers are taking serious initiatives to gear up for the crucial 2017 holiday season.
Cincinnati-based retail giant Macy's Inc. on Tuesday named a new C-suite executive in charge of its more than 140,000 employees. Macy's (NYSE: M) named Danielle Kirgan its chief human resources officer. Kirgan previously served as vice president of people for American Airlines and prior to that was chief human resources officer at Darden Restaurants, the parent company to Olive Garden and LongHorn Steakhouse.
Personally speaking, J C Penney Company Inc (NYSE:JCP) is a painful lesson in market timing: You can have the right argument and still lose the debate. Several years ago, I bought put options against the retailer, assuming that the JCP stock price would fall dramatically. For quite some time, JCPenney stock proved doubters wrong.
Amazon.com Inc. has leased the top six floors of the downtown Seattle Macy's building, the internet retailer said Monday. Starwood Capital Group owns the 475,000 square feet of office space above the Macy's flagship store at Third Avenue and Pine Street. Greenwich, Connecticut-based Starwood paid $65.6 million to Cincinnati-based Macy's for the top four floors of the block-sized building in 2015 and bought the other two floors this year .
Black Friday 2017 will see Macy’s Inc opening its doors for customers at 5:00 p.m. on Thanksgiving. News that Macy’s Inc will be opening up at 5:00 p.m. on Thanksgiving comes from BestBlackFriday.com. The retail company has yet to release an official statement on the matter, but five stores have confirmed their Black Friday hours for 2017.
Macy's (M) move is seen as part of the company's effort to aggressively tap the holiday season, in order to provide cushion to its dwindling top and bottom line.
The reasons to shop online grew again as Macy's has decided to open at 5 p.m. on Thanksgiving, a controversial decision for some who believe retail workers show have the entire holiday off.
Karan's comments in defense of her friend Harvey Weinstein put her in direct conflict with her brand's identity. With social media and the 24/7 news cycle, it’s become all too easy for the personal to cross over into the corporate, resulting in damage to brands that should be above all this.
Rating Action: Moody's Affirms Ten and Downgrades Two Classes of WFRBS 2012- C10. Global Credit Research- 13 Oct 2017. Approximately $1.09 Billion of Structured Securities Affected.
As Macy's continues to mull whether to sell the top floors of the department store chain's flagship State Street store in Chicago, it looks as if at least one of the city's most iconic and beloved holiday traditions, the Walnut Room Christmas tree, will be spared even if the upper floors of the store are sold. Every year, a festively-decorated tree adorns the longstanding Walnut Room, where generations of families have come to enjoy the season. This year's 45-foot-tall Great Tree will be festooned with 2,000 ornaments and 6,600 sparkling lights, Macy's said. The Walnut Room is on the seventh floor of Macy's State Street store. And if the sale of the upper floors happens, it would be floors 8 through 14, a Macy's spokeswoman said today — seemingly sparing the Walnut Room and the Great Tree.
Earlier this month, J C Penney Company Inc (NYSE:JCP) hit a new 52-week low. It was just below the previous low hit in mid-August, and JCP stock is now down 58% on the year. At some point, it may be worthwhile buying the stock, but is it now?Source: Mike Mozart via Flickr (Modified)
Department store are down today, and while Cowen & Co.'s Oliver Chen and his team have Market Perform ratings on both Kohl's (KSS) and Macy's (M), they take a look at how the two stack up--and think that Kohl's looks better. That said, Chen sees "encouraging features" in both stocks. While they both have about the same omnichannel loyalty, Chen calls Kohl's system more advanced. Chen calls Kohl's partnership with Amazon (AMZN) 'game changing," while Macy's is in the middle innings as its new management implements its strategy.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on October 10. Index (PMI) data, output in the Consumer Services sector is rising.