|Bid||0.00 x 800|
|Ask||0.00 x 1100|
|Day's Range||33.23 - 33.81|
|52 Week Range||17.41 - 41.99|
|Beta (3Y Monthly)||0.09|
|PE Ratio (TTM)||6.21|
|Earnings Date||Nov 14, 2018|
|Forward Dividend & Yield||1.51 (4.52%)|
|1y Target Est||36.00|
Sid Hasan left corporate America in 2016 to start MeSpoke, a digital community for retail shopping. The startup, founded in Florida and now based in Reston, is building a network with app downloads in 62 countries and some new recognition of its potential to change the apparel industry (see a recent Forbes article).
Moody's Investors Service, ("Moody's") has affirmed the ratings on nine classes of DBUBS 2011-LC3 Mortgage Trust as follows: Cl. A-4, Affirmed Aaa (sf); previously on Oct 5, 2017 Affirmed Aaa ...
Can New CEO Bring JCPenney Back on Track? JCPenney’s (JCP) net sales declined 7.5% in the second quarter of fiscal 2018, which ended on August 4, causing a 6.0% fall in the net sales for the first half of fiscal 2018. JCPenney’s same-store sales increased 0.3% in the second quarter and 0.2% in the first half of fiscal 2018.
JCPenney (JCP) stock has risen 12.8% since the company announced the appointment of Jill Soltau as its new CEO on October 2. Investors welcomed the news of a new CEO who has about three decades of solid experience in the retail industry, which has included positions in companies like Shopko Stores, Sears (SHLD), and Kohl’s (KSS). Most recently, Jill Soltau was president and CEO of Jo-Ann Stores.
Sears Holding (NASDAQ:SHLD) filed for Chapter 11 bankruptcy protection on Monday and plans to close 142 more stores as it limps into the holiday season. Prior to the filing, SHLD stock had lost 87.7% of its value this year as investors abandoned the venerable retailer. According to media reports, the long-expected bankruptcy filing came to fruition after a special board committee failed to agree to a rescue plan proposed by Eddie Lampert, the billionaire hedge fund manager who has spent more than a decade trying to turnaround retailers Sears and Kmart.
Moody's Investors Service ("Moody's") has affirmed the ratings on seven classes in Wells Fargo Commercial Mortgage Trust 2017-C40 as follows: Cl. A-1, Affirmed Aaa (sf); previously on Oct 18, ...
Macy's is holding the line on its start to the Holiday season, opening on Thanksgiving Day for its sixth year in a row.
The former chairman and CEO of The Home Depot Inc. was slated to deliver the keynote address at Atlanta Business Chronicle's Developing Directors conference Oct. 11.
American Eagle (AEO) to hire roughly 22,000 part-time associates for its AE and Aerie brands to make this year's holiday season a grand success.
Major indexes fell on October 10 due to investors’ fears about rising rates. The S&P 500 (SPY) fell 3.3%, while the Dow Jones fell 3.2% on October 10. However, JCPenney (JCP) stock rose 6.6% on October 10 due to news about the company extending its agreement with Synchrony Financial (SYF) regarding a marketing and servicing alliance for JCPenney’s credit card program. The amended agreement between the two companies extends the term of JCPenney’s credit card program until January 2027.
The milestone for Amazon is significant because Macy's is one of the country's largest clothing retailers, and competition from Amazon with big brands like Calvin Klein and Tommy Hilfiger threaten its core business.
Once the face of retail in America, Sears (NASDAQ:SHLD) has struggled to compete for the past several years in the space it once dominated. The big sales drop led to a huge profitability drop, and in that time span, Sears managed to pile up $11 billion in cumulative losses. To make matters worse, the balance sheet is loaded up with debt.
Amazon has officially overtaken Cincinnati-based retail giant Macy's Inc. with a major brand, according to a research analytics firm.
This November, four of Santa’s most helpful elves will take flight down the streets of New York City as new balloons in the 92nd Annual Macy’s Thanksgiving Day Parade®. On Thursday, Nov. 22, Fleck, Bjorn, Jojo and Hugg, stars of the upcoming Netflix film, “The Christmas Chronicles” will debut in the annual holiday spectacle helping to kick-off the holiday season for more than 3.5 million spectators lining the streets of Manhattan and more than 50 million television viewers nationwide. “The Macy’s Parade team is thrilled to welcome Fleck, Bjorn, Jojo and Hugg, stars of Netflix’s ‘The Christmas Chronicles’ to the high flying stage of the 2018 Macy’s Thanksgiving Day Parade,” said Jordan Dabby, vice president, partnership marketing for Macy’s Thanksgiving Day Parade.
Amazon.com Inc. , which has been making deep inroads into the fashion sector, now carries more PVH Corp. merchandise, or stock keeping units (SKUs), than either Macy's Inc. or J.C. Penney Co. Inc. , according to Instinet analysts led by Simeon Siegel. PVH labels include Calvin Klein and Tommy Hilfiger. "While SKU counts don't equal sales, this gives a general idea of the range of choice that selling on Amazon provides," the note said. The Instinet note also discussed Amazon's continued brick-and-mortar presence. Over the weekend, Instinet analysts visited the CK x Amazon Fashion Event, a pop-up in New York, one more way that analysts say Amazon can get more "experiential/physical." "Synching up with brands appears yet another way that Amazon is looking to gain share of mind and wallet as a fashion destination; and for brands, it serves as another, 'newer' wholesale avenue of distribution," the note said. In addition to the pop-up, analysts highlight the new 4-Star store and reports that Amazon is seeking out small retail sites in London for additional cashier-less Go locations. Instinet rates Amazon shares buy with a $1,990 price target, and PVH shares neutral with a $155 price target. Amazon shares are up 61% for the year to date, PVH shares have declined 1.3% for the period,a nd the S&P 500 index has gained 8% for 2018 so far.
Sears is reportedly nearing a bankruptcy filing. Yahoo Finance looks at the numbers that show how the once-storied retailer ended up here.
The online retail giant is raising its minimum wage in the U.S. to a level far beyond what most retailers pay their front-line workers.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to Read More...
Amid a competitive retail scenario, Macy's (M) has taken several strategic initiatives to adapt to the ongoing changes in the industry.
Moody's Investors Service, ("Moody's") has affirmed the ratings on nine classes in Citigroup Commercial Mortgage Trust 2015-GC35, Commercial Mortgage Pass-Through Certificates as follows: Cl. ...
TJX Companies (NYSE:TJX) has become a quietly impressive stock. The rally occurred so slowly that it escaped the notice of most stock analysts. Since last November, TJX stock has quietly but steadily moved higher.
The S&P 500 ended the day down 0.82%, which was better than its intraday loss, but still below some key support levels. The highly followed Advanced Micro Devices (NASDAQ:AMD) took a sizeable toll, not only falling 2.3%, but certainly inspiring the selling of other important technology names. Bank of America (NYSE:BAC) was up 1.4%, bouncing back with other banks, but their collective gains still weren’t enough to drag the broad market back into the black.
Bargain hunters at Macy's Backstage can expect discounts of up to 80 percent on items such as clothing, accessories and home decor.