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Macy's Inc (M.N)

M.N on New York Stock Exchange

24.13USD
25 Apr 2019
Change (% chg)

$-0.92 (-3.67%)
Prev Close
$25.05
Open
$24.98
Day's High
$25.00
Day's Low
$24.07
Volume
1,908,008
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2,035,388
52-wk High
$41.99
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$22.73

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Tue, Feb 26 2019

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Macy's new restructuring to cut 100 senior jobs, save $100 million annually

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.

UPDATE 4-Macy's will cut 100 senior jobs in restructuring to save $100 mln annually

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.

Macy's announces restructuring plan to save $100 mln annually

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 cuts profit, sales forecast after weak holiday season

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.

CORRECTED-GLOBAL MARKETS-Stocks rise for fifth straight day as the Fed supports

* Powell says Fed can be patient as U.S. economy evolves in 2019

CORRECTED-GLOBAL MARKETS-Stocks little changed as trade talks, data disappoint

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.

Macy's shares plunge as weak holiday sales prompt forecast cut

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

CORRECTED-WRAPUP 1-Macy's shares sink after it trims full-year sales forecast

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 raises profit forecast before key holiday season

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.

UPDATE 3-Macy's raises profit forecast before key holiday season

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.

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