|Bid||35.17 x 1000|
|Ask||35.38 x 800|
|Day's Range||35.21 - 35.54|
|52 Week Range||17.41 - 41.99|
|PE Ratio (TTM)||6.59|
|Earnings Date||Nov 14, 2018|
|Forward Dividend & Yield||1.51 (4.16%)|
|1y Target Est||36.00|
Macy's CEO Jeffrey Gennette spoke with CNBC's Courtney Reagan at a Vox Recode event yesterday about concerns he has about the the trade war impacting his business.
If you're looking for extra cash during the holiday, you may want to check out Macy's. The department store is set to hire 80,000 holiday workers and says that they are expecting a 'strong and successful holiday shopping season'.
Macy's Inc. is partnering with Facebook Inc. to bring nearly 150 brands to The Market @ Macy's in nine stores during the holidays. The Market brings brands to some of the department store retailer's most trafficked stores, and the Facebook partnership will add small businesses and e-commerce brands to physical locations. The company is also expanding the virtual and augmented reality furniture shopping experience to 69 stores nationwide by early November. During the pilot, Macy's found that the tech addition grew the average basket size by more than 60%. And use of the VR installation lowered the number of returns. Macy's has added virtual mirror technology that showcases more than 250 beauty products, and they're testing it for the mobile app, and technology is being used to enhance training of beauty associates. Radio-frequency identification (RFID) is getting a boost to improve store operations. Macy's shares have rallied 39.6% for the year to date, outpacing the S&P 500 index , which is up 8.1% for the period.
In a recent blog post, Sears Holdings CEO Eddie Lampert suggested that high pension contributions were a major cause of Sears' financial distress. It's one more sign that the company's leader has lost touch with reality.
Jeff Gennette and Hal Lawton to Showcase Technology at the Code Commerce Conference on September 17 and 18
Macy's is also adding more technology, like virtual reality headsets, to its stores ahead of the holidays.
A supplier of bedding to Macy’s Inc. is under scrutiny in Texas for allegedly misleading consumers about the quality of one of its products. “TDA has determined the distributor, manufacturer and retailer may have engaged in deceptive acts and practices within the State of Texas,” according to the letter sent to Sunham’s New York office, Sunham Bedding Ltd., and Macy’s, and obtained by Bloomberg.
Gap Inc. said Monday that it will hire 65,000 seasonal associates across its Gap, Banana Republic, Old Navy and Athleta brands for the 2018 holiday season. Workers will work in stores, in call centers, and in distribution centers. Gap didn't specify its seasonal hiring numbers last year. The company will host a hiring event on October 6 in the U.S. and on October 13 in Canada, though Athleta and the Phoenix distribution center will only accept applications online. Target Corp. and Macy's Inc. are among the other retailers who have announced their seasonal hiring plans. Gap shares have fallen 19% in 2018 while the S&P 500 index has rallied 8.4% for the period.
Ryan McQueeney and Maddy Johnson recap Apple's latest iPhone reveal event and preview the holiday shopping season by looking at seasonal hiring trends and upcoming video games. Later, the hosts discuss AMD's crazy momentum.
Amazon (NASDAQ:AMZN) and other e-commerce players were taking share from traditional physical retailers, and forcing a great number of them to close their doors. The consensus thesis was that almost all shopping would migrate online, and that as that transition played out, eventually all retail stocks would die. As it turns out, traditional physical retailers aren’t dinosaurs who were just sitting back and letting Amazon eat their lunch.
Macy's (M) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
According to Macy’s, it will be holding a massive hiring event on Thursday, Oct. 18, 2018 to bring in these extra employees. The event will take place from 11:00 a.m. to 7:00 p.m. The retailer is advising potential employees to stop in for interviews at their local stores during this time. Macy’s notes that it is ramping up hiring for fulfillment facilities this year to better support its stores.
A series of nine events across the country will bring to life the rich contribution of Hispanic Americans in celebration of National Hispanic Heritage Month
Target Corp. said Thursday that it will hire 120,000 seasonal workers for this year's holiday season, 20% more than last year. The retailer said it will also offer extra hours to current members. Companies including Macy's Inc. and Michaels Cos. Inc. have also announced their seasonal hiring numbers, many matching 2017 numbers. "Coming off a strong second quarter, we're anticipating a busy holiday season and want to make sure we have the right teams in place across all of our stores and distribution and fulfillment centers to deliver an exceptional experience for our guests," said Janna Potts, Target's chief stores officer, in a statement. More than 7,500 workers will be in fulfillment and distribution centers. Workers hired after Sept. 16 will start at $12 per hour, get a 10% employee discount, and an additional 20% off of fruits, vegetables and other items as part of a "wellness discount," among other perks. Target is scheduled to host a seasonal hiring event from Oct. 12 to Oct. 14. Target shares edged up 0.3% in premarket trading, and are up nearly 36% for the year to date. The S&P 500 index has gained 8.1% in 2018 so far.
Target Corp said on Thursday that it plans to hire about 120,000 seasonal workers for the holidays, up 20 percent on last year, as the retailer gears up for the busiest time of the year. Target, which employs about 350,000 people in 1,839 stores across the United States, said it would also offer extra hours to existing workers. Retailers' holiday hiring plans often reflect their sales expectations for the most competitive shopping season of the year, which begins a day after Thanksgiving and continues into early January.
This holiday season, Target anticipates more customers will be using its order pickup and drive-up services that have been rolling out across the U.S.
Macy’s Inc. is launching its holiday hiring spree, and if its number of planned hires is any indication, it’s expecting a strong sales season.
The department store chain said 23,500 seasonal workers would be employed at its online fulfillment centers across the United States, 5,500 more than last year. Seasonal hiring plans of retailers indicate their sales expectations for the holiday season, which starts a day after Thanksgiving and continues into early January, and accounts for nearly a third of their annual sales. The company, like its department store peers, has been investing heavily to beef up its online presence and lure back shoppers who had shifted to rivals such as e-commerce giant Amazon.com Inc.
Macy's plans to hire 80,000 workers for the holidays. Macy's M said Wednesday it plans to hire 80,000 temporary workers for the holidays, matching its hiring at the start of the season last year. The company said it's expecting "a strong and successful holiday shopping season." For last December, Macy's had initially announced plans to hire 80,000 workers but ultimately hired 87,000 temporary jobs to match heightened traffic in stores.
Macy's Inc. said Wednesday it plans to hire about 80,000 seasonal workers for the holiday season, matching the overall hiring plans announced last year. The department store chain said its hiring event for the year will be on Oct. 18. The company said about 23,500 seasonal hires will be in direct-to-consumer fulfillment facilities, compared with 18,000 hires in the segment last year. Separately, 1,500 seasonal hires will be in customer service centers in Ohio, Florida and Arizona, and 1,000 of the hires will be to support the 92nd annual Macy's Thanksgiving Day Parade, Santalands and other holiday events. The stock was indicated up about 1% in premarket trade. It has slumped 9.0% over the past three months, while the SPDR S&P Retail ETF has gained 3.9% and the S&P 500 has tacked on 3.6%.