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The Latest Breaking News from Macy

Macy's Stock Higher As Q2 Earnings Beat Offsets Muted Retail Outlook

"Despite inflationary pressures, consumers continued to shop Macy's as a style source and leading gifting destination," said CEO Jeff Gennette.

The Street

Nordstrom Stock Dives On Slashed Outlook Amid Inventory Glut

Nordstrom earnings beat Q2 views but JWN stock plunged overnight on inventory woes. Earlier, Macy's stock rose despite a beat-and-cut report.

Investors Business Daily

Inflation hits back-to-school shopping

It's not your imagination. School supplies cost more this year.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

Amid inflation woes, off-price retailers like Dick's Going Going Gone fare well

At the Monroeville (Pa.) outpost of discount sporting goods store Going Going Gone, customers in search of sneakers are in luck. Footwear spans a long line of shelves — and then stretches along the warehouse's backside like a Great Wall of shoes.

Tribune News Service

Macy's Has Big Plans for a Beloved Classic Brand

If you want to be, maybe you can again as Macy's helps an iconic name makes a big return.

The Street

Macy’s will open Toys R Us shops inside all US stores

Macy’s announced it will launch in-store Toys R Us shops in all of its U.S. retail locations over the next several months.

Chicago Tribune

Toys 'R' Us set for UK return after signing American deal with Macy's

Children's chain recruiting staff for new shops in 2023 after agreement to have presence in all Macy's stores in United States

Wales Online

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HUD accuses Chicago of environmental racism, Gov. Pritzker catches COVID and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Toys R Us coming back in time for the holiday season

Macy’s will open Toys R Us shops inside all of its stores in time for the holiday shopping season.

Chicago Sun-Times

Toys R Us is making another comeback — this time in Macy's stores

Macy's is making room for Toys R Us shops within its own stores ahead of the holiday season. After struggling financially, the longtime toy chain shuttered its stores in 2018.

WEKU

Which Stocks Gained Fair-Value Increases and Are Undervalued?

Morningstar took the stocks its analysts view as undervalued and screened for those with the largest fair-value increases.

The Street

Bob McKillop unplugged: Going 1-on-1 with the Davidson basketball coaching legend

DAVIDSON, N.C. — On Friday, Bob McKillop announced his immediate retirement from Davidson College. At age 71, McKillop left the job after 33 years as Davidson’s head basketball coach and will be replaced by Matt McKillop, his son and top assistant. It was the succession plan Bob McKillop had hoped…

Tribune News Service

Soaring inflation divides spending for haves and have-nots

Americans at the low end of the income rung are once again struggling to make ends meet

The Independent UK

Managing inventories a pandemic headache for US businesses

New York (AFP) - More than two years into the Covid-19 pandemic, American businesses are still struggling to manage their inventories in a feast-or-famine cycle caused by fickle consumer demand.

AFP

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Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For May 27, 2022

Upgrades

Investors Business Daily

Market Rally Confirmed As Macy's, Dollar Tree Lead Retail Revival, Albemarle, Broadcom In Focus: Weekly Review

The stock market rally is now a confirmed uptrend, but will it last? Macy's, Dollar Tree and Albemarle soared this week on earnings news.

Investors Business Daily

Dow Jones Rallies; Elon Musk Does This, Twitter Jumps; WWE Stock Body Slams Bears

The Dow Jones rose as stocks surged. Twitter stock popped after a move by Tesla CEO Elon Musk. WWE stock charged higher.

Investors Business Daily

Dow Jones Rises 564 Points; Macy's Soars On Earnings Beat; These Oil Stocks Break Out

A positive day was unfolding in the stock market, with the Dow Jones rallying and four oil stocks scoring breakouts.

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news in one place.

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Investors Business Daily

Stock Market Gains As Jobless Claims Drop; Nvidia, Retailers Rebound On Earnings

The stock market gained on lower jobless claims and as Nvidia stock and retailer earnings rebounded.

Benzinga

Benzinga's Brief On Trending Tickers: Alibaba, Twitter, Snowflake And More

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks. The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets.

Investors Business Daily

Macy's Bucks Retail Trend With Guidance Increase; Stock Surges

Macy's posted strong first-quarter earnings, as it raised it's full year profit guidance and beat Wall Street expectations.

Investors Business Daily

Dow Jones Rallies As Nvidia Slashes Losses; Twitter Jumps As Musk Raises Financing

The Dow Jones Industrial Average rose Thursday, as Nvidia slid on a weak outlook. Twitter jumped as Elon Musk raised his equity in the deal.

Benzinga

Why Macy's Shares Are Surging Today

Macy’s Inc (NYSE:M) reported first-quarter FY22 sales growth of 13.6% year-on-year to $5.35 billion, beating the consensus of $5.33 billion. Comparable sales increased 12.8% on an owned basis and up 12.4% on an owned plus licensed basis versus Q1 2021. Digital sales climbed 2% versus Q1 FY21 and 34% versus Q1 FY19. The…

Benzinga

Recap: Macy's Q1 Earnings

Macy's (NYSE:M) reported its Q1 earnings results on Thursday, May 26, 2022 at 06:55 AM. Here's what investors need to know about the announcement.

The Street

Macy's Stock Soars On Q1 Earning Beat, 2022 Profit Forecast Boost As Shoppers Defy Inflation Gloom

"While macroeconomic pressures on consumer spending increased during the quarter, our customers continued to shop," said CEO Jeff Gennette.

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