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Macy's Inc. (M)

  • Jul. 17, 2012, 10:47 AM
    Citi has a lot to say about retail today (previous: JCP) with analyst Deborah Weinswig tipping off that early checks show July same-store sales are weak for major retailers and margin pressure could be in store as inventories rise. Rating revisions: Target (TGT -0.8%) to Neutral from Buy; Macy's (M +0.2%) price target clipped by a buck to $37 and EPS estimates dropped; Kohl's (KSS +2.2%) sales and earnings estimates dropped.
  • Jul. 13, 2012, 2:27 PM
    Macy's (M +1.9%) sees a patent infringment lawsuit go away after settling for an undisclosed amount with Standard Textile outside of court. The arrangement worked out with the two companies will allow all the disputed products to stay on the market.
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  • Jul. 9, 2012, 8:59 AM
    Fitch comments on the brewing war between department stores, noting that industry players are under increasing pressure to protect market share with the overall size of the pie declining. Analysts with the ratings agency tip Kohl's (KSS), Nordstrom (JWN), and Macy's (M) as likely candidates to gain market share, while it pegs Sears (SHLD) as the most likely to see further declines.
  • Jul. 3, 2012, 1:30 PM
    Forecasts for June retail sales tip off that sales growth for the sector could come in at the lowest level since August 2009, according to data compiled by Thomson Reuters. After Nike (NKE) and Bed Bath & Beyond (BBBY) set the tone with disheartening guidance, the whole sector is on on watch to determine the effects on revenue of a jittery U.S. consumer. Even if a company's numbers are solid, the question of how management is using discounting and promotions to pump up sales will remain in focus.
  • Jun. 27, 2012, 1:00 PM
    Behind Citi's downgrade (I, II) on high-end retail stocks: Though sluggish tourism in Europe and a weak stock market that continues to dampen the enthusiasm of luxury buyers are the headliner items off Citi's report on Macy's, Nordstrom, and Saks - sitting behind the scene as a drag on returns is the big bet some of the firms in the sector are making on technology. Now that the rich aren't buying, that capex spending looks less promising.
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  • Jun. 27, 2012, 9:13 AM
    Shares of Macy's (M) move 1.9% lower after Citigroup slaps the retailer with a downgrade to Neutral from Buy. Analysts also lower their price target on the name to $39 from $49.
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  • Jun. 14, 2012, 10:02 AM
    Today marks the one-year anniversary of Ron Johnson taking the helm at J.C. Penney (JCP +0.9%) with plenty of rehashing on the JCP pricing strategy misfire getting thrown around. Analysts have honed in on Macy's (M +2.4%), Wal-Mart, and Target as the big winners from the exodus of shoppers from J.C. Penney, but warn the final chapter of the JCP story hasn't been written yet. By August, close to 50% of the merchandise in the retailer's stores will be new and the fall's sales numbers will show if a turnaround is in play.
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  • May. 30, 2012, 10:33 AM
    NBG's Brian Sozzi notes that the downturn in shares of Macy's (M -2.4%) off of a seemingly strong May same-store sales number could be tied to the weaker core number after online sales are stripped out.
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  • May. 30, 2012, 9:15 AM
    Macy's (M) announces same-store sales rose 4.1% Y/Y to $1.936B in May, while YTD sales are up 4.3% compared to last year. Shares -1.4% premarket.
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  • May. 23, 2012, 9:16 AM
    Macy's (M) plans to invest $15M in Chinese online retailer VIpStore and sell products through the firm's website. Though it's a relatively small investment, it falls in line with the company's goal of making strategic plays in China through collaborations, joint ventures, and partnerships - instead of a large-scale all-in bet.
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  • May. 21, 2012, 1:28 PM
    Macy's (M +0.1%) expects that 292 of its department stores will serve an additional function as a fulfillment center for online orders in time for the 2012 holiday shopping season. The initiative could help the company improve margins as it moves extra inventory to online customers - instead of selling it in stores at a deep discount.
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  • May. 15, 2012, 1:53 PM
    Paying by app: Coca-Cola (KO -0.4%), Foot Locker (FL +0.9%), and Macy's (M +1.9%) are a few of the big names in the group of companies testing the Isis mobile payment system in U.S. cities in front of a planned full launch later this. The mobile payment solution - a joint venture between AT&T, Verizon Wireless, and T-Mobile - could lead to cost efficiencies for retailers and merchants.
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  • May. 10, 2012, 11:14 AM
    Nomura maintains its Buy/Top Pick tag on Macy's (M -1.1%) after digesting the company's Q1 report. While the Street takes Macy's lack of improved guidance as a worrying factor, analyst Paul Lejuez says management is just being cautious and revenue trend are still strong.
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  • May. 9, 2012, 8:14 AM
    More on Macy's (M) Q1: Same-store sales +4.4% Y/Y. Online sales +33.7% Y/Y, adding 1.5 percentage points to same-store sales total. Expects same-store sales to grow at 3.5% clip for rest of the year. Reiterates FY12 EPS guidance of $3.25-$3.30, below consensus of $3.39. Shares -3.8% premarket. (PR)
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  • May. 9, 2012, 8:02 AM
    Macy's (M): Q1 EPS of $0.43 beats by $0.04. Revenue of $6.1B (+4.3% Y/Y) in-line. Shares -1.3% premarket. (PR)
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  • May. 9, 2012, 12:05 AM
    Notable earnings before Wednesday's open: AGU, AOL, ARIA, DF, DTG, ENB, KRO, M, MPEL, TEVA, THI
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Company Description
Macy's Inc is an omnichannel retailer. It sells merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Sector: Services
Country: United States