M - Macy's, Inc.
| Previous close | 15.71 |
| Open | 15.75 |
| Bid | 15.18 x 3200 |
| Ask | 15.20 x 3100 |
| Day's range | 15.17 - 15.75 |
| 52-week range | 14.11 - 31.99 |
| Volume | 17,016,342 |
| Avg. volume | 15,825,750 |
| Market cap | 4.7B |
| Beta (5Y Monthly) | 0.62 |
| PE ratio (TTM) | 4.90 |
| EPS (TTM) | 3.10 |
| Earnings date | 25 Feb 2020 |
| Forward dividend & yield | 1.51 (9.61%) |
| Ex-dividend date | 2019-12-12 |
| 1y target est | 15.07 |
- Zacks
Holiday Retail Sales Could Be Losing Their Spirit
Have US shoppers lost their holiday cheer or is something else to blame?
- Yahoo Finance
Target CEO: We are taking 'enormous' market share in cosmetics
Target CEO Brian Cornell talks with Yahoo Finance about the company's success down the cosmetics aisle.
- Bloomberg
The Retail Apocalypse Confronts a New Crop of CEOs
(Bloomberg Opinion) -- Many of the retail industry’s challenges in 2020 will be familiar, such as adapting to the rise of e-commerce and trade-related uncertainty from Washington. But the lineup of CEOs navigating those conditions will include many new faces.There were more CEO exits in the retail industry in 2019 than in any year since at least 2010, according to data from Challenger, Gray & Christmas.(1)The leadership shake-ups in retail don’t appear to fit any particular pattern. There were carefully choreographed, harmonious baton passes, such as Best Buy Co. naming Corie Barry to succeed Hubert Joly. There were bombshells such as Steve Easterbrook’s abrupt ouster from McDonald’s Corp. over an inappropriate relationship with an employee. There were rebukes of poor performance, such as Art Peck’s departure from Gap Inc. And there were some left-field surprises, such as Tractor Supply Co. poaching Hal Lawton from Macy’s Inc.Retail’s recent bout of turbulence at the top is not such an outlier in corporate America; Bloomberg Opinion’s Stephen Mihm recently noted an uptick in CEO departures overall in the past few months. But it adds a certain intrigue about which retailers will end up in the winners’ circle next year.Here are predictions for how some of the more high-profile episodes of C-suite musical chairs will play out.CEO changes that are reason for optimism: By the time activist investor pressure finally led Bed Bath & Beyond Inc. to dump longtime CEO Steven Temares, the move was long overdue. But the board has scored by luring Mark Tritton — the chief merchant at its on-fire competitor, Target Corp. — for the job. Tritton’s experience creating covetable private-label brands and reimagining store displays are exactly what the big-box home goods chain needs. Meanwhile, though Gap has not yet named a permanent successor for the now-departed Peck, the company may be better off without a leader who tried but failed for five years to revive its flagship brand.CEO changes that are reason for pessimism: The biggest headscratcher comes from Nike Inc., which announced that CEO Mark Parker is to be replaced in January by John Donahoe, a former ServiceNow and eBay Inc. executive. Sure, Donahoe knows Nike’s business from serving on its board, but his tech-centric resume is a weird fit for a company that thrives on its marketing savvy and merchandising expertise. There is potential for trouble, too, in the leadership plans of Under Armour Inc., where founder Kevin Plank is set to relinquish the CEO title to COO Patrik Frisk in the new year. Plank is to become chairman and “brand chief,” and Frisk will still report to Plank. This set-up is reminiscent of when Ralph Lauren first tried to step back from the CEO role of his namesake company while staying on in a creative position. The fashion mogul clearly had trouble releasing the reins, and it cost the company a highly capable CEO, Stefan Larsson.(2)Elsewhere in the apparel world, Ascena Retail Group Inc., corporate parent of Ann Taylor, Lane Bryant and other brands, probably will regret tapping an insider, Gary Muto, to replace David Jaffe. This company needs the kind of total overhaul that an outsider would be better equipped to pull off.CEO changes that promise business as usual: Electronics giant Best Buy is in good hands under Barry, a veteran executive of the chain who had served as its CFO and chief strategic growth officer. Thing is, the electronics giant was already in good hands under Joly, who had steered the chain through an improbable comeback. So expect steadiness for the retailer in the year ahead —by no means a bad thing. Same goes for McDonald’s: Even though it said goodbye to a successful CEO under far more soap-operatic circumstances, his replacement, Chris Kempczinski, is a close lieutenant poised to stick to the same playbook that has fueled the fast-food giant’s recent strength.CEO change wild card: It’s understandable that Tapestry Inc.’s board had lost confidence in recently departed CEO Victor Luis. The company that used to be named Coach has been struggling to boost the Kate Spade brand it acquired in 2017, a bad sign for a company intent on transforming into a luxury conglomerate. Luis has been replaced by Jide Zeitlin, a longtime Tapestry board member. He has little experience in the retail or fashion worlds, which is concerning. But his finance industry chops could prove invaluable in future deal-making — an essential ingredient in the company’s quest for growth.(1) The Challenger data in the chart is for the retail sector only. The apparel industry, which includes manufacturers such as Nike, is a separate category that also saw a particularly high number of exits in 2019. So far, apparel has 12 CEO exits, matching the 2015 annual total that was the highest this decade. Restaurants such as McDonald’s are included in the entertainment and leisure category in Challenger’s data.(2) Lauren seems to have settled into his new role alongside current CEO Patrice Louvet, who took that job in 2017 after Larsson’s exit.To contact the author of this story: Sarah Halzack at shalzack@bloomberg.netTo contact the editor responsible for this story: Michael Newman at mnewman43@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Business Wire
Torrence Boone Joins Macy’s, Inc. Board of Directors
Macy’s, Inc. (NYSE:M) today announced the appointment of Torrence Boone, vice president, Global Client Partnerships at Google, to its board of directors, effective December 12, 2019.
- Yahoo Finance
Target CEO thinks this new food brand will be its biggest brand ever
Target is all in on this new private label food brand.
- Yahoo Finance
Target unleashed major sales gains by revamping staff
Target is Yahoo Finance's 2019 Company of the Year. Target COO John Mulligan explains some of the big changes he has made to Target's business this year.
- Yahoo Finance
Why this Warren Buffett fan loves Target stock for the next decade
Target is the Yahoo Finance 2019 Company of the Year. We chat with long-time value investor Bill Smead about why he is bullish on Target.
- Yahoo Finance
Target will spend $3 billion a year to remodel stores and more: CEO
Target plans to continue to spend big to stay ahead of the competition, CEO Brian Cornell tells Yahoo Finance.
- Yahoo Finance
Target is the Yahoo Finance 2019 Company of the Year
Target is the Yahoo Finance Company of the Year for 2019. We talk with Target's executive team and experts on how the retailer made it happen in 2019 and what's in store for 2020.
- Zacks
Buy Soaring Lululemon Stock at New Highs Ahead of Q3 2019 Earnings?
Lululemon has historically traded heavily around earnings. So, should investors consider buying LULU stock with the athleisure apparel giant set to report its Q3 fiscal 2019 results on Wednesday, December 11?
- Yahoo Finance
20 businesses that died in the 2010s
Yahoo Finance takes a look back at some of the biggest corporate busts of the last decade.
- Business Wire
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.
- Yahoo Finance
Bitcoin shopping app Lolli has quietly added big names like Walmart and Ulta
Lolli, a plug-in that gives shoppers cash-back rewards in bitcoin, has added big names like Walmart, Macy's, Ulta, and Hilton. But that doesn't mean those companies are publicly supporting bitcoin.
- Zacks
The Zacks Analyst Blog Highlights: Walmart, Target, Amazon, eBay and Macy's
The Zacks Analyst Blog Highlights: Walmart, Target, Amazon, eBay and Macy's
- 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.
- Zacks
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.
- Zacks
Buy Dollar General (DG) Stock Ahead of Earnings Amid Retail Strength?
Let's take a look at what's going on with Dollar General and what to expect from its upcoming third-quarter earnings report to see if investors should consider buying the discount retailer's stock...
- 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.
- Yahoo Finance
Etsy is off to a hot start this holiday online shopping season
Etsy sees impressive start to the holiday shopping season.
- Zacks
Stocks & ETFs to Profit From Cyber Monday Deals
While investing in any of the retail stocks could reward investors throughout Cyber Week, a diverse approach in a basket form can also be a great choice.
- Yahoo Finance
The retail sector may show that Disney can win the streaming wars
As consumers flock towards their preferred retailer for Black Friday savings; the battle for top retailer may show how Streaming Giant Netflix may be in big trouble.
- 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.
