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Macy's Looking To Raise Up To $5B In Debt To Avoid Bankruptcy
Wednesday, April 22, 2020 - 7:08am | 484Macy’s Inc. (NYSE: M) is raising up to $5 billion in debt as it tries to avoid bankruptcy while strengthening its capital structure. What Happened Macy’s will use its inventory as collateral to raise $3 billion and its real estate to raise another $1-2 billion. There are no plans to...
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Holiday Hiring: Jingling All The Way To Your Wallet
Friday, September 30, 2016 - 11:51am | 1596If you want a little “jingle” in your pocket this holiday season, its time to prioritize your job hunt by streamlining your overall strategy, revamping your resume and honing your interview skills. The Search It’s only September, but many companies are already in the midst of...
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Macy's Crashed Following Its Troubled Outlook: Are Analysts Bullish?
Thursday, November 12, 2015 - 11:43am | 1102Shares of Macy's, Inc. (NYSE: M) plummeted to new 52-week lows of $39.75 on Wednesday after the company reported a downbeat third quarter and also lowered its full year outlook. Macy's stock hasn't dipped below the $40 per share mark since February 2013. With shares trading...
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Wal-Mart's Woes In Attracting Clients No Different From Luxury Retailers
Tuesday, August 19, 2014 - 4:29pm | 743When asked to comment on how the retailer's core customer is adapting to the challenging economy, Wal-Mart's (NYSE: WMT) former president and CEO of Wal-Mart U.S. Bill Simon told Reuters, “We've reached a point where it's not getting any better, but it's not getting...
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Macy's Faces Another Discrimination Lawsuit
Monday, December 23, 2013 - 2:53pm | 486In a discrimination lawsuit filed Friday, an African-American shopper said Macy’s (NYSE: M) security personnel stopped him after he bought a $2,400 Louis Vuitton bag and an alarm went off as he tried to exit the store. According to club promoter, Halim Sharif, he was detained and his bag...