|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||19.93 - 20.33|
|52 Week Range||19.32 - 45.41|
|PE Ratio (TTM)||9.16|
|Forward Dividend & Yield||1.51 (6.93%)|
|1y Target Est||N/A|
Macy’s launched its beauty box subscription service in August this year, and three months in, beauty bloggers are not excited. Here’s what Macy’s needs to do to fix it – before it’s too late.
Here are three reasons why the worst may be over for JCP stock, setting the stage for a big rebound. In the case of J C Penney, the company has quite a few years left to fight because of its strong debt position.
Nordstrom (NYSE: JWN) stock tumbled on Monday after word came that the department store chain was suspending its plans to go private. The company had explored a partnership with private equity firm Leonard ...
Department stores JCPenney (JCP), Macy’s (M), Nordstrom (JWN), and Kohl’s (KSS) have “hold” ratings from a majority of analysts right now.
Short interest is moderately high for M with between 10 and 15% of shares outstanding currently on loan. 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.
Analysts have lukewarm expectations for the sales of department stores this year as online retailers such as Amazon (AMZN) are eating away at market shares.
Kroger Co. (NYSE:KR) may be down but it is not out. Ever since Amazon.com Inc. (NASDAQ:AMZN) officially entered the grocery space with its Whole Foods Market, Inc. (NYSE:WFM) acquisition, a cloud of doom and gloom has settled over the industry. The arrival of Amazon struck fear into the hearts of investors leaving even the most well-established industry leaders to suffer.
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.
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.