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    1. Friday Five: Economy Walking a Fine Line

      Video Reports

      Fri, 15 May 2015

      the low level of retail sales was Macy ' s . They reported disappointing results ..... retail sales generally. [TICKER: M ] Macy ' s in the quarter said that they had ..... about spending in U.S. dollars. Macy ' s still has a plan to jumpstart growth

      Macy's found at 2:59

      One of those affected by the low level of retail sales was Macy's . They reported disappointing results. What are the factors there? Glaser: It's a lot of the issues that were holding back retail sales generally. [TICKER: M ] Macy's in the quarter said that they had flat same-store sales, and they actually saw a total revenue decline because they had some store closings. Management cited a lot of different issues--everything from weather holding people back, to issues with the ports on the West Coast making it difficult for them to get inventory, and even a stronger dollar hurting some of their stores in big markets like New York, where they generally have international tourists buying [merchandise], but with the euro so weak, maybe they were less excited about spending in U.S. dollars. Macy's still has a plan to jumpstart growth again, and Paul Swinand, our Macy's analyst, thinks that a lot of them are probably reasonable moves, such as opening up some low-cost stores or going upscale in
    2. Markdowns on delayed merchandise to hurt Macy's profit

      Headlines

      Wed, 13 May 2015

      (Reuters) - Macy ' s Inc forecast a lower second-quarter profit as it marks down merchandise received late due to a strike at West Coast ports and foreign tourists spend less as the dollar stays strong.

    3. UPDATE 3-Markdowns on delayed merchandise to hurt Macy's profit

      Headlines

      Wed, 13 May 2015

      * First-qtr comp sales down 0.1 pct vs est 1 pct rise (Adds forecast and graphic, updates share move)

    4. Macy’s Flat Sales Understood With Mitigating Factors, but Underlines Difficulties to Increase Growth

      Commentary

      Wed, 13 May 2015

      We will make no change to our $58 fair value estimate beyond the time value of money after no-moat-rated Macys reported first-quarter 2015 results. We applaud the improved operating performance since the recession, and we understand

    5. Macy's quarterly profit falls 14 pct

      Headlines

      Wed, 13 May 2015

      May 13 (Reuters) - Macy ' s Inc reported a 14 percent drop in quarterly profit, hurt by lower foreign tourist spending in the United States, colder-than-usual weather in February and disruptions at West Coast ports.

    6. From Barron’s, May 11, 2015 (Part 2)

      Commentary

      Sat, 9 May 2015

      popular with younger people. So, you have Saks Off 5 th , Neiman Marcus Last Call, Nordstrom Rack . Now Macys has jumped in with Macys Backstage . Data this week: NFIB small-business optimism index on Tuesday; retail sales, import

    7. Robust Sales Growth and Modest Margin Expansion Highlight Strength of Estee Lauder's Narrow Moat

      Commentary

      Tue, 5 May 2015

      offerings through U.S. department stores (where Estee maintains significant exposure, with 10% of sales coming from Macy ' s department stores alone) lagged prestige beauty growth. Beyond bringing new products to market, we’re encouraged

    8. Who Will Survive the Great Mall Shake-out?

      Headlines

      Thu, 2 Apr 2015

      investments in online and mobile shopping. Macys announced that it will close 14 stores ..... restructuring, but add seven more. Macys is hoping to make $140 million in savings ..... luxury retailers such as Niemen Marcus, Macys , Bloomingdales, Nordstrom and increasingly

    9. Shopping Malls: Goners?

      Headlines

      Fri, 6 Mar 2015

      stores as they glide along toward a big anchor like Nordstrom or Macys . True, many high-end malls are doing quite well , but mid-tier ..... it has embraced specialty retailers like fashion purveyor H& M . Plus, it has strong anchors such as Nordstrom. Simon’s shares

    10. Friday Five: Fed Aims for Normalcy, Greece Buys Some Time

      Video Reports

      Thu, 26 Feb 2015

      fruition. Stipp: Lastly, [TICKER: M ] Macy ' s reported results indicating their ..... also being executed well. Glaser: Macy ' s had been a turnaround story, and ..... headlines out of this quarter was that Macy ' s is going to spend more in capital

      Macy's found at 5:35

      and Lowe's is a sign that could possibly come to fruition. Stipp: Lastly, [TICKER: M ] Macy's reported results indicating their plan is also being executed well. Glaser: Macy's had been a turnaround story, and they really seem to have made a lot of progress. Their growth was fairly modest, 2% same-store sales growth, but they were able to have much better profitability, as they are focusing on those improvements very carefully. But one of the big headlines out of this quarter was that Macy's is going to spend more in capital spending, is going to try to focus on some growth initiatives--everything from possibly creating an off-price Macy's brand to having more online presence, to thinking about international expansion. It seems that they really want to invest some money in those areas. Morningstar's Macy's analyst Paul Swinand warns that a lot of retailers have wanted to expand outside of their core business and have had trouble doing that in the past; it's not as easy as slapping your brand on some other stores and hoping that it's going to work out. It's a challenging proposition. He still sees that this no-moat company is making a lot of progress, is doing a lot of things right, but given the fact that competitors probably could replicate a lot of what's happening in the medium term, and given that Macy's valuation is fair but nothing too compelling, it might make sense for investors to look elsewhere. Stipp: Great insights on the news
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