Is Macy's e-commerce business worth $14 billion?
Get the latest Macy's, Inc. (M) stock news and headlines to help you in your trading and investing decisions.
How did Macy's sales rise 28% year over year?
Apr 18, 2022 · Macy's (NYSE:M) Takes On Some Risk With Its Use Of Debt - Nasdaq nasdaq.com - September 6 at 4:02 PM: Macy’s and WHP Global Partner to Bring Universally Beloved Toys"R"Us Brand Back to American Shoppers finance.yahoo.com - August 19 at 8:13 AM: Macy’s Launches ‘And Now This’ for the Fashion-Forward, Contemporary Shopper
Is Macy’s a short-lived stock?
Feb 22, 2022 · Why Macy's Stock Dropped Today By Joe Tenebruso - Feb 22, 2022 at 7:12PM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
How much did Macy's (Macy's) profit beat Wall Street estimates?
Apr 14, 2022 · M | Complete Macy's Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Macy's Media Sentiment
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Macy's Inc
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Concerns about the company's post-coronavirus prospects are growing
Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.
What happened
John Rosevear is the senior auto specialist for Fool.com. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Follow @john__rosevear
So what
Shares of Macy's ( NYSE:M) were trading lower on Monday, after an analyst revised his full-year earnings estimate sharply lower on concerns about the company's likely performance in the second half of 2020.
Now what
In a note on Monday, Cleveland Research analyst Rusty Wilson cut his full-year earnings per share (EPS) estimate for Macy's from a profit of $0.16 per share to a loss of $1.50 per share, while maintaining the equivalent of a sell rating on its shares.
What happened
Department-store investors will probably have to wait a bit longer to get clarity from Macy's leadership team on its plans and prospects for later in 2020. Macy's is expected to report earnings for its fiscal first quarter, which ended on May 2, by the end of this month.
So what
Shares of Macy's ( NYSE:M) were down on Wednesday, after a report that the company is working on a deal to pledge assets in return for as much as $5 billion in emergency financing to weather the coronavirus pandemic.
Now what
The cash-crunched retailer is looking to raise as much as $5 billion via new secured debt offerings, CNBC reported before the markets opened on Wednesday.
