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Macy's Inc (M.N)

M.N on New York Stock Exchange

17.14USD
13 Sep 2019
Change (% chg)

$0.14 (+0.82%)
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$17.00
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Thu, Sep 5 2019

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Macy's sees savings of up to $550 million from targeted promotions, better pricing

Macy's Inc said on Thursday it aimed to save $400 million to $550 million annually in the next two to four years, as the department store chain cuts back on discounts, sending its shares up 5% in mid-day trading.

UPDATE 1-Macy's sees savings of up to $550 mln from targeted promotions, better pricing

Sept 5 Macy's Inc said on Thursday it aimed to save $400 million to $550 million annually in the next two to four years, as the department store chain cuts back on discounts, sending its shares up 5% in mid-day trading.

Macy's aims to save up to $550 mln in 2-4 years, shares rise

Sept 5 Macy's Inc said on Thursday it aimed to save $400 million to $550 million annually in the next two to four years, as the department store chain cuts back on discounts, while focusing more on targeted promotions for customers.

Macy's shares sink as discounts to clear inventory hurt, tourism drops

Macy's Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18%.

UPDATE 5-Macy's shares sink as discounts to clear inventory hurt, tourism drops

Aug 14 Macy's Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18%.

Macy's not looking to raise prices if new tariffs imposed: CEO

Macy's Inc Chief Executive Officer Jeff Gennette said on Wednesday that the department store chain would not raise prices on products if the Trump administration goes ahead with its latest 10% tariffs.

Macy's not looking to raise prices if new tariffs imposed - CEO

Aug 14 Macy's Inc Chief Executive Officer Jeff Gennette said on Wednesday that the department store chain would not raise prices on products if the Trump administration goes ahead with its latest 10% tariffs.

Macy's posts 48% drop in profit, cuts full-year forecast

Aug 14 Macy's Inc reported a 48% fall in quarterly profit and cut its forecast for full-year adjusted earnings on Wednesday, as the department store operator discounted heavily to clear excess inventory, sending its shares down 13%.

Retailers J.C.Penney, Macy's oppose proposed tariffs on apparel, footwear

Department store operators J.C. Penney Co Inc and Macy's Inc have opposed U.S. President Donald Trump's proposal to include apparel and footwear among the Chinese goods targeted for tariffs.

REFILE-Retailers J.C.Penney, Macy's oppose proposed tariffs on apparel, footwear

June 20 Department store operators J.C. Penney Co Inc and Macy's Inc have opposed U.S. President Donald Trump's proposal to include apparel and footwear among the Chinese goods targeted for tariffs.

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