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Macy's Inc (M.N)

M.N on New York Stock Exchange

38.88USD
19 Jun 2018
Change (% chg)

$0.15 (+0.39%)
Prev Close
$38.73
Open
$38.29
Day's High
$38.92
Day's Low
$38.23
Volume
1,421,024
Avg. Vol
2,219,890
52-wk High
$41.33
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$17.41

Latest Key Developments (Source: Significant Developments)

Paula Price To Join Macy’s As Chief Financial Officer
Wednesday, 23 May 2018 

May 23 (Reuters) - Macy's Inc ::PAULA A. PRICE TO JOIN MACY’S, INC. AS CHIEF FINANCIAL OFFICER.MACY'S INC - PRICE WILL SUCCEED KAREN HOGUET WHO, AS PREVIOUSLY ANNOUNCED, PLANS TO RETIRE AT END OF 2018 FISCAL YEAR.MACY'S INC - PAULA A. PRICE WILL BE APPOINTED CHIEF FINANCIAL OFFICER, EFFECTIVE JULY 9, 2018.MACY'S INC - HOGUET WILL REMAIN WITH CO IN ADVISORY ROLE TO SUPPORT CO DURING A TRANSITION PERIOD UNTIL FEBRUARY 2, 2019.  Full Article

Macy's Says Plans To Open A Dedicated Backstage Distribution Center In Columbus, Ohio
Monday, 30 Apr 2018 

April 30 (Reuters) - Macy's Inc ::MACY'S INC - PLANS TO OPEN A DEDICATED BACKSTAGE DISTRIBUTION CENTER IN COLUMBUS, OHIO.MACY'S INC - OPENING NEW BACKSTAGE DISTRIBUTION CENTER IN COLUMBUS, OHIO.MACY'S INC - DISTRIBUTION CENTER IN COLUMBUS, OHIO IS PLANNED TO OPEN IN FALL 2019, ANTICIPATES IT WILL CREATE APPROXIMATELY 400 JOBS.  Full Article

Macy's Announces CFO Karen Hoguet To Retire February 2019
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Macy's Inc ::MACY’S, INC. ANNOUNCES KAREN HOGUET, CHIEF FINANCIAL OFFICER, TO RETIRE FEBRUARY 2019.SAYS CFO KAREN HOGUET TO RETIRE.HOGUET WILL CONTINUE IN HER ROLE AS CFO UNTIL HER SUCCESSOR IS APPOINTED.EXTERNAL SEARCH IS UNDERWAY FOR HOGUET'S REPLACEMENT AND COMPANY ANTICIPATES A WELL-ORDERED TRANSITION.HOGUET WILL THEN REMAIN IN AN ADVISORY ROLE TO SUPPORT COMPANY DURING A TRANSITION PERIOD UNTIL FEBRUARY 2, 2019.  Full Article

Macy's Sees FY 2017 Adjusted Earnings Per Share $3.59 To $3.69 Excluding Items
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Macy's Inc ::SEES FY 2017 ADJUSTED EARNINGS PER SHARE $3.59 TO $3.69 EXCLUDING ITEMS.ANNUAL EARNINGS GUIDANCE RAISED DUE TO SOLID HOLIDAY RESULTS AND FEDERAL TAX LAW CHANGE.‍$300MM IN ANNUALIZED COST SAVINGS TO BE REINVESTED IN BUSINESS​.COMPARABLE SALES ON AN OWNED BASIS INCREASED 1.0 PERCENT IN MONTHS OF NOVEMBER AND DECEMBER 2017 COMBINED.ON AN OWNED PLUS LICENSED BASIS, COMPARABLE SALES INCREASED 1.1 PERCENT IN COMBINED NOVEMBER/DECEMBER PERIOD."TAKING ACTIONS INTENDED TO CONTINUE IMPROVEMENTS IN ORGANIZATIONAL EFFICIENCY AND TO ALLOCATE RESOURCES TO SUPPORT ITS GROWTH STRATEGY".‍MACY'S IS NARROWING RANGE OF ITS PREVIOUSLY PROVIDED FULL-YEAR SALES GUIDANCE​.RESTRUCTURING INCLUDES STAFFING ADJUSTMENTS IN STORES ORGANIZATION WITH REDUCTIONS IN SOME STORES, INCREASES IN OTHERS.‍NOW EXPECTS COMPARABLE SALES ON AN OWNED BASIS TO DECLINE BETWEEN 2.4 PERCENT AND 2.7 PERCENT FOR 2017​.RESTRUCTURING INCLUDES FURTHER STREAMLINING IN SOME NON-STORE FUNCTIONS.RESTRUCTURING INCLUDES CLOSURE OF 11 STORES IN EARLY 2018.SEES ‍COMPARABLE SALES ON AN OWNED PLUS LICENSED BASIS TO DECLINE BETWEEN 2.0 PERCENT AND 2.3 PERCENT FOR 2017​.‍TOTAL SALES ARE EXPECTED TO BE DOWN BETWEEN 3.6 PERCENT AND 3.9 PERCENT IN FISCAL 2017​.EXPECTS ANNUAL EXPENSE SAVINGS OF $300 MILLION FROM RESTRUCTURING ACTIONS BEGINNING IN FISCAL-YEAR 2018.SEES ONE-TIME CHARGES OF ABOUT $160 MILLION TO BE BOOKED IN Q4 FOR RESTRUCTURING ACTIVITIES, ASSET IMPAIRMENT, STORE CLOSINGS, OTHER COSTS.  Full Article

Macy's names Jill Ramsey Chief Product And Digital Revenue Officer
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Macy's Inc ::JILL RAMSEY NAMED CHIEF PRODUCT AND DIGITAL REVENUE OFFICER OF MACY’S.MACY'S INC - ANNOUNCED APPOINTMENT OF JILL RAMSEY AS CHIEF PRODUCT AND DIGITAL REVENUE OFFICER, EFFECTIVE JAN. 8, 2018.MACY'S INC - MOST RECENTLY, RAMSEY WAS VICE PRESIDENT, GM OF VERTICAL BUSINESSES AT EBAY.  Full Article

Moody's Says Stable U.S. Retail Outlook In 2018, Reflective Of Higher Operating Income, Sales
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Moody's::MOODY'S SAYS STABLE U.S. RETAIL OUTLOOK IN 2018, REFLECTIVE OF HIGHER OPERATING INCOME AND SALES.MOODY'S SAYS EXPECT LOSSES TO BEGIN TO TAPER FOR U.S. DEPARTMENT STORES, INCLUDING MACY'S, KOHL'S, AND NORDSTROM, IN 2018.  Full Article

Macy’s Announces Pricing Of Debt Tender Offer
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Macy's Inc ::MACY’S, INC. ANNOUNCES PRICING OF DEBT TENDER OFFER.MACY'S INC - ‍PRICING TERMS OF TENDER OFFER OF CO'S UNIT TO PURCHASE UP TO $400 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF OUTSTANDING DEBT SECURITIES.MACY'S INC - AS A RESULT OF THE TENDER OFFER, CO EXPECTS TO RECORD A ONE-TIME PRE-TAX GAIN OF ABOUT $13 MILLION IN FOURTH FISCAL QUARTER OF 2017.MACY'S INC - TENDER OFFER OF ITS UNIT IS SCHEDULED TO EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON DEC. 22, 2017.MACY'S INC - ‍BY COMPLETING TENDER OFFER, MACY'S INTEREST EXPENSE IS ANTICIPATED TO BE REDUCED ON A FULL YEAR BASIS BY APPROXIMATELY $26 MILLION​.  Full Article

Macy's Executive Chairman Terry Lundgren To Retire
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Macy's Inc ::MACY’S EXECUTIVE CHAIRMAN TERRY LUNDGREN TO RETIRE.- JEFF GENNETTE APPOINTED CHAIRMAN.SAYS JEFF GENNETTE APPOINTED CHAIRMAN OF THE BOARD.- EXECUTIVE CHAIRMAN TERRY LUNDGREN WILL RETIRE FROM BOARD OF DIRECTORS EFFECTIVE JAN. 31, 2018.- MARNA WHITTINGTON REMAINS LEAD INDEPENDENT DIRECTOR.- FOLLOWING LUNDGREN'S RETIREMENT, BOARD WILL HAVE 10 DIRECTORS.  Full Article

Macy’s Inc Announces Debt Tender Offer
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Macy's Inc ::MACY’S, INC. ANNOUNCES DEBT TENDER OFFER.MACY'S INC - UNIT COMMENCED A CASH TENDER OFFER TO PURCHASE UP TO $400 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF ITS OUTSTANDING NOTES​.MACY'S INC - ‍TENDER OFFER WILL EXPIRE ON DECEMBER 22 UNLESS EXTENDED​.  Full Article

Macy's Inc Q3 EPS $0.23 excluding items
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Macy's Inc ::Macy's, Inc. reports third quarter 2017 earnings above prior year and re-affirms full-year guidance.Sees fy 2017 adjusted earnings per share $3.38 to $3.63 excluding items.Q3 earnings per share $0.23 excluding items.Q3 sales $5.281 billion versus I/B/E/S view $5.31 billion.Q3 same store sales fell 4 percent.Q3 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.Macy's Inc - ‍comparable sales on an owned basis were down 4.0 percent in Q3 and down 3.6 percent on an owned plus licensed basis​.Macy's Inc says saw better gross margin performance in quarter primarily due to tightly controlled inventory position​.Macy's Inc - ‍"a highlight of Q3 was launch of new star rewards loyalty program"​.Macy's Inc - ‍"we expect continued improvement in our trends in q4, including a solid lift from loyalty and digital"​.Macy's Inc - ‍remain on track to meet our full-year sales and earnings guidance for 2017​.  Full Article

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