M - Macy's, Inc.
15.72 -0.02 (-0.13%)
After hours: 7:22PM EST
| Previous close | 15.48 |
| Open | 15.44 |
| Bid | 15.72 x 1200 |
| Ask | 15.74 x 3100 |
| Day's range | 15.32 - 15.77 |
| 52-week range | 14.11 - 32.83 |
| Volume | 17,984,022 |
| Avg. volume | 15,781,232 |
| Market cap | 4.9B |
| Beta (3Y monthly) | 0.62 |
| PE ratio (TTM) | 5.08 |
| EPS (TTM) | 3.10 |
| Earnings date | 25 Feb 2020 |
| Forward dividend & yield | 1.51 (9.75%) |
| Ex-dividend date | 2019-12-12 |
| 1y target est | 15.43 |
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Macy’s Launches SoGifted, a Female Entrepreneur-Focused Destination for Gifts
This season, holiday shoppers can find the perfect gift at Macy’s (NYSE:M) from a host of female-led small businesses in the SoGifted shops at seven Macy’s locations nationwide. The SoGifted shops are made possible via a partnership with SoGal Ventures, the first female-led millennial venture capital fund investing in diverse entrepreneurs in the United States. Macy’s recently became a strategic partner with SoGal through a minority stake in the fund. The SoGifted shops feature a selection of products and gifts from women-founded brands in the SoGal community including Lovevery, toys designed by experts for your child’s developing brain, Neely & Chloe, a fashion-forward accessories range, and HidrateSpark 3, a smart water bottle that tracks your hydration, among others.
- Business Wire
Macy’s, Inc. Announces Leadership Change
Macy’s, Inc. (NYSE: M) today announced that Hal Lawton, president of the Macy’s brand business, has resigned, effective December 6, 2019.
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Bitcoin shopping app Lolli has quietly added big names like Walmart and Ulta
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The Zacks Analyst Blog Highlights: Walmart, Target, Amazon, eBay and Macy's
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- Yahoo Finance
These stores were Black Friday's 'Haves' and 'Have-nots:' Analyst
Analysts at Susquehanna Financial Group hit the malls on Black Friday to determine which stores were the “haves” and which were the “have-nots” when it comes to footwear and apparel sales.
- TEST Business Wire Releases
Macy’s Celebrates National Believe Day With Goal to Raise An Extra $1 Million for Make-A-Wish® Through Annual Letter Writing Campaign
Macy’s will celebrate National Believe Day on Friday, Dec. 6 by doubling donations to Make-A-Wish® for every letter to Santa collected in stores or online at macys.com/believe that day and hosting letter writing events in stores across the country.
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A Sneak Peek Into Hits & Flops of Black Friday in 2019
Although Black Friday 2019 witnesses a steep slump in offline shopping, it gains traction from a solid surge on the online platform. Given this scenario, we enumerate some winners and losers.
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Buy Dollar General (DG) Stock Ahead of Earnings Amid Retail Strength?
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- Yahoo Finance
More than half of all Black Friday purchases came from a mobile device: Salesforce
Smartphone shoppers increased this holiday season, according to Salesforce data.
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Etsy is off to a hot start this holiday online shopping season
Etsy sees impressive start to the holiday shopping season.
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The retail sector may show that Disney can win the streaming wars
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- Yahoo Finance
Black Friday, holiday sales surge won’t be enough for many retailers
Early data into the Yahoo Finance newsroom indicates Black Friday and holiday sales will break records. According to Adobe Analytics online retail sales on Thursday are expected to hit $4.4 billion. That would be up 18.9% year-over-year. But those profits won’t necessarily help those troubled retailers who are expected to close brick and mortar stores.
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Retail ETFs Up on Q3 Earnings
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Nordstrom may have finally turned the corner
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Amazon has too much power over our economy: activist
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Black Friday 2019 Live Updates: Online sales up 19.2% from a year ago
Yahoo Finance hits the stores to see how Black Friday has started for retailers.
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Amazon Gears Up for Holiday Season, to Hire Seasonal Workers
Reportedly, Amazon (AMZN) is gearing up to hire seasonal employees for the busiest time of the year.
- Bloomberg
Trump Says Taliban Peace Talks Have Resumed in Surprise Afghanistan Trip
(Bloomberg) -- U.S. President Donald Trump made a surprise Thanksgiving visit to Afghanistan to meet with both troops and the country’s president -- saying that peace talks with the Taliban have resumed amid a push for a cease-fire and to reduce U.S. deployment in the region.The president landed at Bagram Airfield around 8:30 p.m. local time Thursday and greeted U.S. soldiers over a turkey dinner before meeting with Afghan President Ashraf Ghani at the airfield’s Air Force headquarters.Trump summoned reporters for part of their meeting and said talks with the Taliban are ongoing. The U.S. wants the Taliban to agree to a cease-fire and will continue to reduce its troop commitment to the region, Trump said.“The Taliban wants to make a deal and we’re meeting with them and we’re saying it has to be a cease-fire, and they didn’t want to do a cease-fire and now they want to do a cease-fire -- I believe it’ll probably work out that way,” Trump said, sitting alongside Ghani.The Taliban’s spokesman Zabihullah Mujahed was more cautious in his comments.“We are ready to resume the peace talks from the stage that had been stopped. However, it will take some time to formally begin the peace talks with the U.S.,” he said via a Whatsapp voice message. “But, we welcome Trump’s announcement of the U.S.’ readiness for talks resumption.”Trump confirmed he’d like to reduce troop levels to about 8,600 in Afghanistan from 12,000 now, but would like to go lower without impacting operational duties. “We can go much further than that, but we’ll have it all covered,” Trump said.45-Minute MeetingBoth Trump and Ghani said it was an honor to meet face-to-face. Trump spent about 45 minutes in the building where they met, with press in the room for only a portion of it. In brief remarks to reporters during the bilateral session, Ghani noted that U.S. combat casualties have fallen under Trump’s term. The U.S. president took office after the NATO mission in Afghanistan shifted to a training and advisory role.Ghani thanked Trump for his leadership and called for a deal that won’t give too much power to the Taliban, saying Trump should not put “limits on the type of peace that will ensure the gains of the past year, and will ensure your security and our freedom.”Both Trump and Ghani then attended a rally-style event at a nearby hangar for U.S. troops, and Trump entered to the same song, “Proud to Be an American,” he uses at campaign rallies. He then invited Ghani to speak to U.S. troops, and the Afghan leader delivered an impassioned defense of the U.S. mission.Ghani also has internal political troubles to contend with as Afghanistan’s Chief Executive Abdullah Abdullah accuses him of trying to validate 300,000 fraudulent votes in his favor during a recent election recount. On Friday thousands of Abdullah supporters took to the streets in Kabul to protest the alleged voting irregularities in the Sept. 28 presidential elections.‘God Bless the President’“Please thank your families for agreeing to miss you on this special occasion at home and for being here defending United States security and our freedom. Together, we will succeed,” Ghani told the soldiers. “We will never permit the repetition of 9/11 again. God bless you, God bless the president.”Trump reiterated that they’re working for a peace deal in Afghanistan. “Rest assured that my administration will always be committed to annihilating terrorists wherever they appear,” he told troops there, adding that he looked forward to the day “when we can bring each and every one of you home and safe to your family, and that day is coming and coming very soon.”Trump’s remarks hit many of the same themes as his campaign events, including discussing highs in the stock market, the recent death of a top Islamic State leader and the role that a U.S. military dog, Conan, played in that mission. He recalled serving turkey earlier to troops, and missing out on his own meal.“I had a bit of mashed potatoes and I never got to my turkey,” Trump told soldiers at the rally, saying he instead went to take photos with servicemen and women. “I should have started with that, and not the mashed potatoes. I made a mistake.”Trump’s visit, his second to a combat zone as commander-in-chief, came as he regularly complains about the cost and duration of U.S. operations abroad, and in the Middle East in particular.Afghanistan is America’s longest-running war. Trump has said he wants to bring troops home even from regions where U.S. efforts are aimed at quelling terrorist activity. “We’re not fighting, we’re policing in Afghanistan,” Trump said in October. On Thursday, he argued that technological advances would allow the U.S. to do more in Afghanistan with fewer soldiers.Trump’s interaction with the troops comes days after U.S. Defense Secretary Mark Esper ousted Richard Spencer as secretary of the Navy in a dispute over the handling of a case involving a Navy SEAL that Trump became involved in.Spencer wrote an opinion piece for the Washington Post on Wednesday in which he was sharply critical of Trump for intervening in the case of Chief Petty Officer Edward Gallagher. Trump, Spencer wrote, has “very little understanding” of how the military operates.Camp DavidDuring the Ghani bilateral meeting, General Mark Milley, chairman of the Joint Chiefs of Staff, confirmed that talks with the Taliban are ongoing. “Hopefully those will be successful, and hopefully will then lead to an Afghan-to-Afghan dialogue in the not too distant future,” Milley said.Trump didn’t indicate how close they are to any kind of peace deal. Earlier this fall, Trump abruptly scrapped a secret peace summit with Afghan and Taliban leaders at Camp David a day before it was due to start, and, in doing so, was blamed for scuttling a potential pact.White House Press Secretary Stephanie Grisham downplayed the trip’s significance in any peace talks. “It’s truly about Thanksgiving and supporting the troops,” she said.Trump was greeted at Bagram, the largest U.S. military base in Afghanistan, by Milley. He then headed straight to a dining hall, known as a DFAC, where he mingled with U.S. troops under Thanksgiving-themed decorations, streamers and paper lanterns, as TVs played the New York Macy’s Thanksgiving Day parade and other U.S. programming.Carver in ChiefTrump, Milley, Acting Chief of Staff Mick Mulvaney, National Security Adviser Robert O’Brien and Senator John Barrasso of Wyoming then served a Thanksgiving meal to troops who lined up. Trump arrived at the mess hall later than scheduled, and many of the soldiers gathered had already eaten. Some took seconds from the president and his staff.Trump then toured the room speaking with soldiers, who loudly cheered his arrival. “We’ve spent $2.5 trillion since I’ve been here, that’s a lot of money that we’ve rebuilt our military. It was depleted as you know,” Trump told troops seated for dinner.Trump left the dining hall to then attend his bilateral meeting, which was followed by the rally. In all, Trump was on the ground at the airbase for over three hours.(Updates with election-related protests against Ghani in 11th paragraph.)\--With assistance from Ryan Beene and Eltaf Najafizada.To contact the reporter on this story: Josh Wingrove in Bagram Airfield at jwingrove4@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, Muneeza Naqvi, Chris KayFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Nasty Midwest Storms, Gusty N.Y. Winds Roil Holiday Plans
(Bloomberg) -- Flooding rains, heavy snow and gusty winds across the U.S. are disrupting travel on one of the busiest days of the year and threatening to keep Thanksgiving Day parade balloons from flying in New York City.Two large storms were hitting as close to 55 million people were expected to take to the roads and air ahead of the U.S. holiday Thursday, according to AAA. Areas around Denver received 8 to 12 inches (20 to 30 centimeters) of snow, causing treacherous road conditions and complicating air travel.Both coasts are facing weather issues. In New York City, winds could reach 25 miles (40 kilometers) per hour on Thursday, threatening to ground the massive balloons at Macy’s Thanksgiving Day parade. In Oregon and California, a powerful Pacific Ocean storm may bring snow by the foot across the Sierra Nevada mountains and torrential rains to Southern California that could touch off mudslides, said Brian Hurley, a senior branch forecaster at the U.S. Weather Prediction Center.“Where it is not snow, it is going to be very windy,” said Dan Pydynowski, a meteorologist at AccuWeather Inc. “In a place like Chicago, they are already seeing wind gusts of 50 miles per hour. Those winds will spread eastward tonight and tomorrow.”High winds have already knocked out power to more than 210,000 homes and businesses in the Midwest and another 60,000 in Northern California, according to utility websites. American Electric Power Co. reported 38,000 customers without power and warned that outages had “the potential to climb” amid high winds.Macy’s BalloonsNew York was warm and cloudy before the winds were forecast to arrive Thursday, when ground crews will use ropes to guide huge balloons through the heart of Manhattan. “The Macy’s balloons will be a concern,” Hurley said.Macy’s Inc. said in a statement it will meet with the New York Police Department early Thursday to determine which balloons -- including those in the shape of SpongeBob SquarePants, Snoopy, Pikachu and other characters -- will fly.“Each is designed to fly at different heights and angles based on their shape and scale and the exact wind conditions along the route,” the company said in an email. “The decision on adding the balloons to the lineup is made by NYPD and Macy’s officials just prior to the start of the parade.”None of the giant balloons are allowed to fly if there are sustained winds exceeding 23 mph or gusts of more than 34 mph on the route.Meanwhile, more than 100 U.S. flights were canceled and 2,000 flights were delayed Wednesday, according to the website for FlightAware. Treacherous road conditions contributed to at least one fatal accident, when three tractor-trailers and a pickup truck collided on Interstate 70 west of Denver, according to state police.Read More: California’s Wildfire (and Blackout) Season Is Coming to a CloseIn California, snow could fall at lower elevations, making travel along Interstate 5 -- a north-south artery -- difficult.“There will certainly be impacts in both air and ground travel in a lot of California,” AccuWeather’s Pydynowski said.Traffic may be especially snarled this year, with estimates of more drivers taking to the roads solo with fuel prices basically flat compared with last year.(Updates with AEP power failures in fifth paragraph)\--With assistance from Christopher Martin, Vincent Del Giudice and Naureen S. Malik.To contact the reporter on this story: Brian K. Sullivan in Boston at bsullivan10@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Lynn Doan, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
A Short & Sweet History of Black Friday
One of the great American traditions is Black Friday, a hugely-anticipated annual shopping event where retailers offer deep deals and discounts and consumers can get a head start on their holiday shopping. How did it originate?
