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Macy's Raises $4.5B In Funding To Navigate Post-Pandemic Reopenings
Tuesday, June 9, 2020 - 1:27am | 380Macy’s Inc. (NYSE: M) announced on Monday that it had raised a total of $4.5 billion in new financing round, which includes the previously announced $1.3 billion in 8.375% in senior secured notes, as well as $3.15 billion in borrowings against its real estate assets. What Happened Macy...
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What Do Macy's Latest Moves Mean For Retail & REIT Investors?
Monday, January 12, 2015 - 2:33pm | 946While the closing of 14 department store anchors located in struggling malls underscores how critical location and demographics can be for bricks and mortar success -- that is only part of the story. There were many other nuggets of information contained in Macy's, Inc. (NYSE: M) recent...
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Have You Been Hacked?
Wednesday, August 27, 2014 - 4:01pm | 481Nobody likes to deliver bad news, but this type of news could lead to you saving money. According to the Secret Service, it’s estimated that up to 1,000 businesses have been impacted by Backoff malware, potentially impacting millions of consumers. If you’re not familiar with Backoff...
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Analysts Favor Deckers Outdoor Going In To Year's End
Monday, November 11, 2013 - 3:14pm | 311Shares of Deckers Outdoor (NASDAQ: DECK) continue to surge in Monday afternoon's trading session. Shares were trading higher by five percent while hitting a new 52-week high of $73.03 following the release of a positive research note from analysts at Jefferies. The analysts team consisted of...
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Macy's to Close Five Stores After Lowering Guidance
Thursday, January 3, 2013 - 11:08am | 375Macy's (NYSE: M) has announced that it will close five stores and one Bloomingdale's location after lowering its Q4 guidance. The company had previously expected to report a fourth-quarter EPS of $1.94 to $1.99. Macy's now believes that it will announce an EPS of $1.91 to $1.96, while analysts...