Key Takeaways Macy's (M) released a list of dozens of "underperforming stores" it plans to close as part of a multi-year turnaround campaign, including its Philadelphia City Center and Downtown Brooklyn locations. The retailer's first batch of 66 planned closures will reduce its footprint in 22 states, with downsizing most significant in California, New York, Florida, and Texas, according to a list released Thursday. These shops will run clearance sales for up to 12 weeks before shuttering, according to Mac ...

Macy’s on Thursday named 66 stores it plans to close this year.  The slew of "non-go-forward" locations that Macy’s said will permanently close are spread across 22 states, including Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. The closures stem from the "Bold New Chapter" initiative the retailer has been implementing since last ...

A month has gone by since the last earnings report for Macy's (M) . Shares have lost about 1.7% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Macy's due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Macy's Q3 Earnings Miss Estimates, Comparable Sales Decline Y/YMa ...

Macy's Inc. ((M) , Abercrombie & Fitch Co. (ANF) and Deckers Outdoor Corporation (DECK) .Gap is a premier international specialty retailer offering a diverse range of clothing, accessories and personal care products. It presently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Gap’s fiscal 2025 earnings and sales indicates growth of 41.3% and 0.8%, respectively, from the fiscal 2024 reported figures. GAP delivered a tr ...

Macy’s said Thursday (Jan. 9) that it will close 66 store locations as part of the Bold New Chapter strategy it announced in February.These are among the 150 “underproductive stores” the retailer said it would close over a three-year period under that plan, Macy’s said in a press release.“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go-forward stores, where cust ...

Department store operator Macy’s said Thursday it will close 66 store locations as part of a strategy it announced last year.The company said it will invest in 350 “go-forward” Macy’s locations across the country through fiscal 2026.The company said it will invest in 350 “go-forward” Macy’s locations. AmeriCantaro – stock.adobe.com The closures come months after the company announced it would be closing 150 “underproductive” stores over the course of three years as it struggles to get back on its feet after ...

Manhattan, New York City, New York United States - August 25 2021: Macys clothing megastore street ... [+] shopping building logo.gettyMacy’s Inc. just announced the appointment of Robert Chavez, former Hermès Americas CEO, to the board of directors. He joins a board that has experienced considerable upheaval in the past year, guiding a business that has gotten into a hole it can’t seem to dig itself out of.After graduating from Princeton in 1997, Chavez started his career at Bloomingdale’s, under the tutel ...

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Enterta ...

Macy’s, Inc. (M) has demonstrated strong upward momentum, trading above its 50 and 100-day simple moving averages (SMAs). SMA is a key indicator of price stability and long-term bullish trends. The company ended Friday’s trading session at $16.82, above its 50 and 100-day SMAs of $15.93 and $15.62, respectively, highlighting a continued uptrend. This technical strength, combined with consistent momentum, reflects positive market sentiment and investor confidence in Macy's financial stability and growth pote ...

The most recent trading session ended with Macy's (M) standing at $16.82, reflecting a +1.57% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 1.26% for the day. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 1.77%.The department store operator's stock has climbed by 0.67% in the past month, exceeding the Retail-Wholesale sector's loss of 1.93% and the S&P 500's loss of 2.82%.The upcoming earnings release of Macy's will be of ...