Macy's Inc (M.N)
18 Apr 2019
Tue, Feb 26 2019
Macy's Inc, the largest U.S. department store chain, said on Tuesday it would cut 100 senior management positions to reduce costs and improve profitability, and reported holiday same-store sales growth short of Wall Street's expectations.
Feb 26 Macy's Inc on Tuesday said it would eliminate 100 senior executive positions in a restructuring designed to cut costs and improve profitability, in the face of competition from Amazon.com Inc and other online sellers.
Feb 26 Macy's Inc on Tuesday announced a restructuring plan that would cut the complexity of its top management structure to speed up decision-making and reduce costs.
Macy's Inc shares plunged 18 percent on Thursday after the department store operator slashed its full-year profit and sales forecast on the back of an anemic holiday season, sending a chill through the wider retail sector.
* Powell says Fed can be patient as U.S. economy evolves in 2019
NEW YORK, Jan 10 An index of world stock markets was little changed on Thursday after a four-day winning streak, as investors fretted over the lack of clear signs that a U.S.-China trade spat was resolved and over sluggish global economic growth.
Shares of Macy's Inc plunged 17 percent in early trading on Thursday, after the department store operator cut same-store sales forecast for the full year due to weak demand during mid-December. | Video
Jan 10 Macy's Inc cut its full-year comparable sales forecast on Thursday while year-end sales growth at rival Kohl's Corp disappointed investors, signaling retailers' continued struggle to keep up with a shift towards online shopping.
Macy's Inc raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, encouraged by good performance at its stores and its growing online business.
Nov 14 Macy's Inc raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, encouraged by good performance at its stores and its growing online business.