Shares of department-store chain Macy’s Inc. slid 8% in after-hours trading on Friday after the retailer gave a more downbeat forecast on its fourth-quarter sales, with management citing big “lulls” Read more
Tag: Macy's Inc.
Macy’s, Nordstrom lower outlooks as consumer spending expected to slow
Macy’s Inc. and Nordstrom Inc. became the latest retailers to lower their financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending. Macy’s M, +4.00%, the biggest U.S. department-store Read more
Retailers are trimming holiday hiring plans, and it’s not just because of the economy
With prices high and the labor market still tight, some U.S. retailers are trimming their holiday-season hiring plans. Macy’s Inc. and Dick’s Sporting Goods Inc. on Monday became the latest Read more
The retail slump could end soon, and there are four ‘turnaround’ stocks JPMorgan says you will want as it does
As department stores and clothing retailers struggle with a difficult economy and changing consumer tastes, JP Morgan analysts are “cautiously optimistic” that issues in the sector will clear by next Read more
Macy’s will bring Toys ‘R’ Us to every one of its U.S. stores for the holidays
Macy’s Inc. announced early Monday that it will add a Toys “R” Us shop to each of its U.S. locations by October 15, in time for the holiday season. The Read more
Klarna to raise new funds at slashed $6.5 billion valuation
Klarna Bank AB is nearing a deal to raise new money at a valuation of around $6.5 billion, according to people familiar with the matter, a humbling comedown and a testament Read more