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M / Macy's stock looks set to slide as weaker outlook tempers earnings beat

Macy's, Inc. (NYSE:M) has delivered first-quarter earnings that beat expectations but warned of weakening demand in its discretionary categories, sending its shares lower in pre-market trading. The department store operator reported a 7% decline in 1Q net sales to $5 billion from a year earlier, with physical store sales decreasing 7% and digital sales falling 8%. Read More

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Posted: Jun 1 2023, 09:32

Author Name: Proactive Investors

M News

By Forbes
November 3, 2023

Bloomie's Mini-Store Strategy – Can It Win For Macy's?

Bloomie's are small, superbly edited stores with beautiful, well selected brands.

By Zacks Investment Research
October 23, 2023

Macy's (M) Gains From Business Strength Despite Headwinds

Macy's (M) benefits from strength in its businesses, strong omnichannel capabilities and small-format store initiatives. However, it is grappling with

By Zacks Investment Research
October 19, 2023

Macy's (M) Unveils New Online Fashion Platform Mstylelab

Macy's (M) unveils an innovative online fashion platform, mstylelab, to offer its customers a virtual platform for style inspiration and fashion immer

By PYMNTS
October 19, 2023

Macy's and Claire's Invest in Turning Virtual Experiences Into Real-World Gains

Brands are realizing the significance of crafting captivating digital experiences to engage their customers. The need is self-evident, requiring littl

By Fox Business
October 17, 2023

Charles Payne: Macy's used to be a proxy for wholesome America

'Making Money' host Charles Payne analyzes the September retail sales report after it smashed expectations. #foxbusiness #makingmoney

By Forbes
October 6, 2023

Macy's Jeff Gennette And Tony Spring Meet Jim Cramer

Macy's Jeff Gennette and Tony Spring discussed the future of Macy's on CNBC

By Zacks Investment Research
October 4, 2023

Macy's (M) Expands Small-Format Store Strategy With New Stores

Macy's' (M) small-format store expansion plays a pivotal role in enhancing its store portfolio and meeting the evolving needs of customers in various

By CNBC Television
October 3, 2023

Jim Cramer sits down with Macy's outgoing and incoming CEOs

Jeff Gennette, Macy's chairman and CEO, and Tony Spring, Macy's president and CEO-elect, joins 'Mad Money' host Jim Cramer to talk the direction of th

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