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4 hours ago · Macy’s said that its first 50 traditional locations that have been revamped achieved comparable sales gains of 3.3 percent in the quarter, excluding licensed and third-party businesses.
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1 day ago · Macy's is weighing a bid to be taken private by Arkhouse Management and Brigade Capital Management. Even as it invests in dozens of new stores, Macy's is shutting down 150 underperforming stores ...
4 hours ago · Macy’s believes the smaller stores are more convenient for customers. It’s closing 150 unproductive stores over the next three years, a third of them by end of 2024. At the same time Macy’s is upgrading its remaining 350 traditional stores, adding more salespeople to fitting areas and shoe departments, and adding more visual displays.
1 day ago · Macy's Media Network revenue rose 27.6% to $37 million, as the team continued to increase vendor engagement. Gross margin rate declined 80 basis points to 39.2%. The decline was steeper than our ...
1 day ago · Macy's Inc (NYSE:M) reported better-than-expected first-quarter adjusted earnings and raised the outlook. The company reported a first-quarter FY24 sales decline of 2.7% year-on-year to $4.846 billion, slightly missing the analyst consensus of $4.86 billion. Adjusted EPS of 27 cents beat the analyst consensus of 15 cents.
5 hours ago · Macy’s (NYSE:M) just reported results for the first quarter of 2024. Macy’s reported earnings per share of 27 cents. This was above the analyst estimate for EPS of 14 cents. The company ...
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