Macy's Inc. (M) - NYSE
  • Jul. 11, 2015, 1:14 PM
    • It has become quite a bit easier for large retail chains to go with the "Made in the USA" mantra due to the higher cost of producing goods in China.
    • Chinese labor costs on average are now 61% of the level of the U.S. compared to just 17% about 15 years, according to an estimate from Boston Consulting Group.
    • That 39% edge is reduced even further if transport and supply chain costs are factored in.
    • Wal-Mart (NYSE:WMT) and Nike (NYSE:NKE) are two of the majors buying more from U.S. suppliers due as much to the economic benefit as the patriotic flavor. Target (NYSE:TGT), Macy's (NYSE:M), and Costco (NASDAQ:COST) have also highlighted American product lines recently.
    | Jul. 11, 2015, 1:14 PM | 18 Comments
  • Jul. 8, 2015, 3:35 AM
    • PVH (NYSE:PVH) is winding down the production of Donald Trump's menswear after exclusive retail partner Macy's (NYSE:M) decided to stop selling his products in protest against his recent remarks about Mexicans.
    • PVH, whose brands include Tommy Hilfiger, Calvin Klein, Van Heusen and Arrow, signed a licensing deal in 2004 for apparel under the Donald J. Trump brand. That deal was supposed to end in 2018.
    • Previously: Credit card breach hits Trump Hotel Collection (Jul. 02 2015)
    | Jul. 8, 2015, 3:35 AM | 9 Comments
  • Jul. 2, 2015, 3:32 AM
    • It's been a long week for presidential candidate Donald Trump. Several big-name partners, including Univision and Macy's (NYSE:M), severed ties with the business mogul over his recent remarks about Mexicans - and more trouble is brewing.
    • According to cybersecurity site Krebs, the Trump Hotel Collection has fallen victim to a sweeping credit-card hack. The breach appears to go back to at least February and could span several locations.
    | Jul. 2, 2015, 3:32 AM | 1 Comment
  • Jun. 8, 2015, 12:05 PM
    • Macy's (M -0.2%) signed a lease for a 35K square foot building in the Bronx for its new off-price concept.
    • The company is expected to roll out Macy's Backstage at a measured pace. Six store openings are set for this fall.
    • Macy's Backstage will offer clearance prices on Macy's products as well as on some well-known brand name lines.
    | Jun. 8, 2015, 12:05 PM | 2 Comments
  • Jun. 4, 2015, 7:06 AM
    • Credit Suisse downgrades department store stocks in a broad swipe at the sector.
    • Nordstrom (NYSE:JWN) is moved by CS to a Neutral rating from Outperform.
    • Dillard's (NYSE:DDS) is taken to Underperform from Neutral.
    • The investment firm also warns that upside on current valuation is limited for Bon-Ton Stores (NASDAQ:BONT), J.C. Penney (NYSE:JCP), Kohl's (NYSE:KSS), Macy's (NYSE:M), and Stage Stores (NYSE:SSI).
    • The sector picked up some steam earlier this week off REIT enthusiasm.
    • Previously: REIT is the word in retail (Jun. 02 2015)
    | Jun. 4, 2015, 7:06 AM | 2 Comments
  • Jun. 2, 2015, 12:41 PM
    • Several hedge funds are putting pressure on Macy's (NYSE:M) to consider real estate options, sources tell Reuters.
    • The company has resisted the call from investors in the past, but faces stronger pushback now from hedge funds with their stakes increased.
    • Department store chains with large retail footprints have increasingly looked at REIT options to boost shareholder returns.
    • Macy's is up 2.63% on the day.
    | Jun. 2, 2015, 12:41 PM | 4 Comments
  • May 18, 2015, 2:55 PM
    • Department store chains Kohl's (KSS -0.3%), Macy's (M +2.3%), and J.C. Penney (JCP -0.6%) are moving to a higher mix of local and digital advertising as they leverage data they have mined from loyalty programs and spending histories, according to AdAge.
    • Implementing "personal touches" into marketing messages is seen as a way to increase brand awareness and conversions.
    • Total advertising spending for some companies in the sector has been on the decline.
    | May 18, 2015, 2:55 PM
  • May 15, 2015, 6:05 PM
    • After having exited a prior GM position a year ago, David Einhorn's Greenlight Capital bought 9.5M shares of the auto giant in Q1, per Greenlight's Q1 13F.
    • Einhorn previously disclosed the purchase, along with his reasoning, in his Q1 letter. "2015 should be a better year for GM: the company is a year closer to eliminating its losses in Europe; low gas  prices should stimulate demand for its highly profitable SUV and light truck product lines; raw material costs are low; and we believe that the worst of the product recalls is behind them." He also noted GM's buyback, and called earnings estimates beatable.
    • A 1.7M-share stake was taken in Macy's (NYSE:M), and a 1.1M-share stake in Ingram Micro (NYSE:IM). Greenlight's stake in Chicago Bridge & Iron (NYSE:CBI) was more than doubled to 6.7M shares, and its stake in AerCap (NYSE:AER) hiked by 49% to 5.6M.
    • On the flip side, Greenlight liquidated a 1.3M-share stakes in Aetna (NYSE:AET) and Amdocs (NASDAQ:DOX). The firm cut its stake in chipmaker/long-time holding Marvell (NASDAQ:MRVL) by 63% to 9M shares, and in chip equipment maker Lam Research (NASDAQ:LRCX) by 33% to 1.7M shares.
    | May 15, 2015, 6:05 PM | 5 Comments
  • May 13, 2015, 9:02 AM
    | May 13, 2015, 9:02 AM | 15 Comments
  • May 13, 2015, 8:16 AM
    • Macy's (NYSE:M) says sales were impacted in Q1 from the West Coast port slowdown and a lower level of spending from international tourists.
    • Comparable-store sales on an owned+licensed basis fell 0.1% during the period.
    • Gross margin rate +10 bps to 39.0%.
    • SG&A expense rate +60 bps to 32.4%.
    • Operating income rate -50 bps to 6.6%.
    • Inventory ended the quarter up 2.7% Y/Y.
    • The company adds $1.5B to its buyback allowance.
    • Guidance: Macy's backs its previous view for 2015 EPS of $4.70-$4.80.
    • Previously: Macy's misses by $0.06, misses on revenue
    • -2.59% premarket.
    | May 13, 2015, 8:16 AM | 1 Comment
  • May 13, 2015, 8:10 AM
    • Macy's (NYSE:M) declares $0.36/share quarterly dividend, 15.2% increase from prior dividend of $0.31.
    • Forward yield 2.2%
    • Payable July 1; for shareholders of record June 15; ex-div June 11.
    • The board increased share purchase authorization by $1.5B bringing total to approx. $2.1B
    | May 13, 2015, 8:10 AM | 1 Comment
  • May 13, 2015, 8:03 AM
    • Macy's (NYSE:M): Q1 EPS of $0.56 misses by $0.06.
    • Revenue of $6.23B (-0.8% Y/Y) misses by $90M.
    • Shares -2.19% PM.
    | May 13, 2015, 8:03 AM | 7 Comments
  • May 12, 2015, 5:30 PM
    | May 12, 2015, 5:30 PM | 1 Comment
  • May 5, 2015, 11:47 AM
    • Macy's (M -0.9%) plans to open four discount stores around New York City this fall in a test of a new retail concept.
    • The company, which tipped off in the past it would consider launching a discount brand, spent about six months developing Macy's Backstage.
    • The off-price stores will be about 30K square feet in size.
    • A larger roll-out could provide new competition for the T.J. Maxx and Marshalls chains from TJX Companies (TJX -0.4%).
    | May 5, 2015, 11:47 AM
  • Apr. 28, 2015, 1:40 PM
    • Execs with Macy's (M +0.2%) are out showcasing the company's new app which is one of more advanced in the sector.
    • Shoppers can use the app to scan product information, check inventory, and pay for purchases.
    • An image search function matches pictures to clothes the company sells.
    • Beta testing on the use of beacon technology is also in the works.
    • The company also uses its online and mobile channels to test consumer responses to products and drill down to a region by region basis.
    | Apr. 28, 2015, 1:40 PM | 1 Comment
  • Apr. 10, 2015, 8:33 AM
    • Shares of Macy's (NYSE:M) are on the move after Buckingham Research upgrades the company to a Buy rating from Neutral.
    • The stock has trailed the performance of the S&P Retail ETF this year (3.4% vs. 5.3%) on a wait-and-see attitude by some investors on the company's strategic initiatives.
    • M +2.0% premarket to $69.37.
    | Apr. 10, 2015, 8:33 AM
Company Description
Macy's, Inc. operates department stores. The company provides services through Internet under two brand names: Macy's and Bloomingdale's that sells wide range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods. It... More
Sector: Services
Industry: Department Stores
Country: United States