M Macy's, Inc. featured news, full reports, and detailed charts
Macy's, Inc. (M) Wrap Up:
Macy?s, Inc., through its subsidiaries, operates department stores in the United States. Its retail stores and Internet Web sites sells a range of merchandise, including men?s, women?s, and children?s apparel and accessories; cosmetics; home furnishings; and other consumer goods. The company maintains Web sites, such as macys.com and bloomingdales.com. As of January 31, 2009, it operated approximately 840 retail stores in 45 states, the District of Columbia, Guam, and Puerto Rico under the names ?Macy?s? and ?Bloomingdale?s?. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy?s, Inc. in June 2007. Macy?s, Inc. was founded in 1820 and is based in Cincinnati, Ohio with an additional office in New York, New York.Macy's, Inc. (M:NYSE)
Snapshot of Macy's, Inc. (M)
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OPEN
$17.20
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PREVIOUS CLOSE
$17.38
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DAY HIGH
$17.53
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DAY LOW
$16.66
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52 WEEK HIGH
10/15/09 - $20.84
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52 WEEK LOW
11/20/08 - $5.07
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MARKET CAP
7.2B
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AVERAGE VOLUME 3 mo
17.2M
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DILUTED EPS TTM
$-11.57
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SHARES OUTSTANDING
420.5M
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EX-DATE
12/11/09
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P/E TTM
NM
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DIVIDEND
$0.20
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DIVIDEND YIELD
1.17%
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| K = Thousands M = Millions B = Billions | |||
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related news
M Top Compensated Officers
Executives, Board Directors
Key developments for Macy's, Inc. (M)
Macy's Inc. reported sales results for the four weeks, third quarter and year to date ended Oct. 31, 2009. For the period, the company reported total sales of $1.692 billion a decrease of 1.3% compared with total sales of $1.714 billion in the four weeks ended Nov. 1, 2008. On a same-store basis, Macy's Inc. sales were down 0.8% in October. For the third quarter of 2009, the company's total sales were $5.276 billion, a decrease of 3.9% compared to total sales of $5.493 billion in the same 13-week period last year. On a same-store basis, Macy's Inc.'s third-quarter sales were down 3.6%. For the year to date, Macy's Inc. sales totaled $15.639 billion, down 7.8% from total sales of $16.958 billion in the first 39 weeks of 2008. On a same-store basis, Macy's Inc.'s year-to-date sales were down 7.5%.
Macy's, Inc., Q3 2009 Earnings Call, Nov-11-2009
Macy's Inc. announced the launch of the new men's fashion brand, Threads & Heirs, which will be exclusively available at 200 Macy's stores nationwide and on macys.com in March 2010. Produced by LF USA's Oxford Collections and designed in part by acclaimed luxury designers and New York fashion darlings Ruffian, the collection will offer a modern style sensibility and deliver desirable men's fashion at an affordable price. The Threads & Heirs man expects the latest looks in quality fabrications that take him from a day at the office to a night on the town. Positioned to offer great value, the line will consist of tops and jackets ranging from $24 for a t-shirt to $99 for a jacket. The Threads & Heirs line was developed to respond to the 20-to 40-something male who cares about what he looks like and is style and label conscious but price sensitive. Threads & Heirs will be available exclusively in select Macy's stores and on macys.com in March 2010.
M Competitors
| Company | Last | Change |
| adidas | €35.32 EUR | -0.19 |
| Autozone Inc | $147.42 USD | +1.59 |
| JC Penney Company Inc | $29.43 USD | +0.04 |
| Nordstrom Inc | $33.95 USD | -0.28 |
| Staples Inc | $22.72 USD | +0.07 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | M | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.3x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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M transactions
| Type Date |
Target |
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Bankruptcy
August 5, 2009 |
Paula Dorf Cosmetics, Inc. |
More Recent News About Macy's, Inc.
More news for M
Five Things: The Economic Crisis Takes a Virulent Turn
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Fitch Ratings offers cautious 2010 retail outlook
NEW YORK (AP) -- Fitch Ratings expects sales at stores open at least a year to rise slightly this holiday season after last year's sharp falloff, the credit rating agency said Monday. Sales for 2010 are expected to continue at the same sluggish pace, because shoppers likely still will be grappling with high unemployment and tight credit, Fitch said in an industry report. Sales at stores open at least a year are a key indicator of a retailer's health.The good news is that liquidity has improved dramatically for many U.S. merchants from a year ago. That means the industry won't see the wave of bankruptcy filings seen in 2008 and early 2009 as stores have been able to refinance their debt.Low-price retailers like Wal-Mart Stores Inc. are expected to remain the bright spots, as shoppers scour for deals and focus on necessities like food.Department stores' sales at stores open at least a year are expected to fall 4 percent in the fourth quarter and 6 percent to 7 percent for all of 2009. In 2010, that measure is expected to decline by 2 percent to 3 percent compared with 2009 amid economic pressures and stiff competition from discounters.Fitch noted that retailers like Kohl's Inc., J.C. Penney Co. and more recently Nordstrom Inc. have fared better than expected. Fitch noted that inventory appears in line with consumer demand, which will help limit discounting. Last Christmas, stores were stuck with mounds of inventory that they had to aggressively discount after shoppers dramatically cut back their spending, a move that depressed their profit margins.Fitch expects well-capitalized companies such as Kohl's, Macy's and J.C. Penney to increasingly grab more market share and post sales at stores opened at least a year about even for 2010.The picture for specialty stores is a mixed bag. For consumer electronics merchant ...Click here to read the whole Article (external link)
Will Traditional Retailers Be Able To Survive Long Term As Online Sales Surge?
67 WALL STREET, New York - November 17, 2009 - The Wall Street Transcript has just published its Online And Direct To Consumer Retailing Report offering a timely review of the sector to serious investors and industry executives. This 38 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Online Retailer Profit Margins Vs. Bricks-And-Mortar Retailers - Uptick In Internet Commerce - Secular Shift In Market Share To Internet Retailers - Post-Crunch Consumer Confidence - Growing Market Share For Online Travel Agents - Possible Consolidation Of HSN, Inc. - Amazon As The "Wal-Mart Of The Internet" - Online Marketing Vs. In-Store Marketing - Maximized Markdowns - Online Traffic Conversion Rates - Social Networking To Drive Brand Awareness - Online Sales Holiday Outlook - E-Commerce As A Path To International Expansion Companies include: Abercrombie & Fitch (ANF); Amazon's (AMZN); Ann Taylor (ANN); Apple (AAPL); Ask.com (IACI); Bebe (BEBE); Best Buy (BBY); Bidz.com (BIDZ); Dell (DELL); Dick's Sporting Goods (DKS); Expedia (EXPE); GSI Commerce (GSIC); GameStop (GME); Gap (GPS); General Motors (GM); Google (GOOG); HSN (HSN); HSN (HSNI); Hot Topic (HOTT); IAC (IAC); Liberty (LINTA); LivePerson (LPSN); MercadoLibre (MELI); Move Inc. (MOVE); Orbitz (OWW); Pacific Sunwear (PSUN); Quiksilver (ZQK); Ralph Lauren (RL); ShopNBC (WTV); South Korea's Gmarket (EBGMy); Sport Supply Group (RBI); Staples (SPLS); Starbucks (SBUX); ...Click here to read the whole Article (external link)
A Fashion Stock To Watch
It was no surprise that Fossil's (Nasdaq: FOSL) third-quarter headline figures were anemic. The top line fell 6.9% and earnings slipped 3.3%. However, as many investors have come to realize, near-term performance for retailers and consumer good companies can't be used to accurately make long-term buy and hold decisions. IN PICTURES: 7 Forehead-Slapping Stock Blunders Beat EstimatesWhile the results were far from impressive, Fossil's stock soared over 10% on the news as the numbers beat estimates. While I don't think the results warranted such a price surge, I do think Fossil carries a strong brand name and is financially sound enough to be considered by investors with a longer-term mindset. Increasing SalesWhile most retailers and consumer good companies have been on a markdown binge over the last year, Fossil has successfully avoided lower prices to clear out inventory. In addition, the company increased sales from its own retail business and is relying less on revenue from its lower revenue sources by selling via department stores like Macys (NYSE: M) and Nordstrom (NYSE: JWN). For the t...Click here to read the whole Article (external link)