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Macy's Inc (M.N)

M.N on New York Stock Exchange

31.84USD
11 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Macy's Inc Files For Potential Mixed Shelf Offering; Size Not Disclosed
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Macy's Inc ::MACY'S INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Macy's Inc Announces Debt Tender Offer
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Macy's Inc ::MACY’S, INC. ANNOUNCES DEBT TENDER OFFER.MACY'S INC - COMMENCED A CASH TENDER OFFER TO PURCHASE UP TO $600 MILLION IN AGGREGATE PRINCIPAL AMOUNT NOTES.  Full Article

Macy's Says Jeffrey Kantor, Chief Merchandising Officer, Has Informed Co That He Intends To Retire April 16, 2019
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Macy's Inc ::MACY'S INC - JEFFREY KANTOR, CHIEF MERCHANDISING OFFICER, HAS INFORMED CO THAT HE INTENDS TO RETIRE APRIL 16, 2019 - SEC FILING.  Full Article

Macy's Sets Regular Quarterly Dividend Of $0.3775/Share
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Macy's Inc ::SETS REGULAR QUARTERLY DIVIDEND OF $0.3775 PER SHARE.  Full Article

Macy's Sets Regular Quarterly Dividend Of $0.3775 Per Share
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Macy's Inc ::SETS REGULAR QUARTERLY DIVIDEND OF $0.3775PER SHARE.  Full Article

Macy’s Inc. Q2 Earnings Per Share $0.70 Excluding Items
Wednesday, 15 Aug 2018 

Aug 15 (Reuters) - Macy's Inc ::MACY’S, INC. REPORTS SECOND QUARTER 2018 EARNINGS.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $3.95 TO $4.15 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $0.70 EXCLUDING ITEMS.Q2 SALES $5.572 BILLION VERSUS I/B/E/S VIEW $5.55 BILLION.Q2 SAME STORE SALES ROSE 0.5 PERCENT.Q2 EARNINGS PER SHARE VIEW $0.51 -- THOMSON REUTERS I/B/E/S.Q2 EARNINGS PER SHARE $0.53.COMPANY RAISES ANNUAL SALES AND EARNINGS GUIDANCE..TOTAL SALES ARE EXPECTED TO RANGE FROM FLAT TO A 0.7 PERCENT INCREASE IN FISCAL 2018.COMPARABLE SALES ON AN OWNED BASIS WERE FLAT IN Q2 2018 VERSUS Q2 OF 2017.ON AN OWNED PLUS LICENSED BASIS, COMPARABLE SALES WERE UP 0.5 PERCENT FOR Q2 OF 2018.MACY'S - ADJUSTED FOR SHIFT IN SPRING FRIENDS & FAMILY PROMOTION, CO ESTIMATES COMP SALES ON OWNED PLUS LICENSED BASIS WERE UP 2.9 PERCENT FOR Q2.FY EARNINGS PER SHARE VIEW $3.87, REVENUE VIEW $24.90 BILLION -- THOMSON REUTERS I/B/E/S.MACY'S-COMPARABLE SALES ON OWNED PLUS LICENSED BASIS TO INCREASE BETWEEN 2 & 2.5 PERCENT FOR H2 2018, WHICH TRANSLATES TO FY INCREASE OF 2.1 & 2.5 PERCENT.MACY'S- FY COMPARABLE SALES ON OWNED BASIS IS CONSISTENT WITH PRIOR GUIDANCE.  Full Article

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

UPDATE 6-Cyber Monday on track for U.S. online shopping record

Nov 26 Cyber Monday was on track to bring in a record $7.9 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs.