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Macy's CEO On Successful Online Business: Goal Is To Surpass Netflix
Thursday, June 18, 2015 - 2:55pm | 400Shares of omni-channel retailer Macy's, Inc. (NYSE: M) have been on a continuous bull run over the last five years, up by over 228 percent. However, contrary to popular opinion, much of that growth hasn’t come from the company’s brick and mortar stores, but rather through its e-...
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The Future Of Retail Will Be Won Or Lost In 'Digical'
Tuesday, May 12, 2015 - 11:09am | 780Disrupt to survive. That was one of the shared underlying themes at the 2015 Global Retailing Conference at University of Arizona’s Terry J. Lundgren School of Retailing on April 24-25 in Tucson. The state of retail is essentially Darwinian. Virtually every retailer has experienced...
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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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Black Sabbath: Why Black Friday Is No Longer Retailer's Holy Grail
Tuesday, December 2, 2014 - 5:29pm | 612Black Friday and Cyber Monday 2014 have made their annual debut and now the spin on the results begins. The Friday after Thanksgiving known as ‘Black Friday,' was once an ACTUAL day, when retailers found their balance sheets went from “the red’ ostensibly negative revenues...
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Terry Lundgren: Macy's Is Booming In The Internet Business
Friday, November 28, 2014 - 11:17am | 358Thanksgiving can lead many to talk about Macy's, Inc. (NYSE: M), the iconic retailer that has been presenting the annual Macy's Thanksgiving Day Parade since 1924. Apart from spreading joy through the parade, the retailer has also made its shareholders quite happy as shares are up...
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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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Top Trending Tickers On StockTwits For February 25
Tuesday, February 25, 2014 - 12:12pm | 1082Here's a look at the top tickers trending on StockTwits.com BlackBerry: Is the turnaround on track? BlackBerry (NASDAQ: BBRY) revealed its first Foxconn manufactured smartphone, the BlackBerry Z3. According to Techcrunch.com the phone is “a Nokia-like touchscreen smartphone with rounded sides, a...
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Macy's To Beat Analyst Estimates And Cut Jobs
Thursday, January 9, 2014 - 9:34am | 590What a difference a few months can make. Macy’s (NYSE: M), the country’s second-largest department store chain, said it would beat analysts' estimates for profit through January 2015. In a statement, the company forecast profits per share of $4.40 to $4.50. According to Bloomberg, the average...
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Macy's Will Ramp Up Marketing To Counter Slow Sales (M)
Thursday, August 15, 2013 - 10:58am | 537In the world of retail, disappointing numbers are a call to action. In the case of Macy’s (NYSE: M), a 1.6 percent decline in Q2 transactions will result in renewed efforts on the marketing front going into the second half of the year, according to The Wall Street Journal. The idea is to get...
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Miracle or Not at 34th Street for Macy's?
Wednesday, November 9, 2011 - 4:01pm | 749Macy's (NYSE: M) reported third quarter earnings that beat Wall Street estimates this morning, but shares are selling off sharply, as the company cut guidance. Virigina, there might not be a Santa Claus this year, as least judging from the fourth quarter guidance from the department store company...
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3 Stocks With Recent Dividend Boosts
Thursday, June 9, 2011 - 1:42pm | 400In a time of uncertainty, dividends and rising dividends are one of the best ways to build wealth. In market corrections, the companies that raise dividends allow you to buy more shares at cheaper prices. Once the market stops correcting, and starts its uptrend again, this is an added value...
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Organizational Changes Brought Good Results: Macy’s (M) CEO
Thursday, February 4, 2010 - 12:53pm | 120Macy’s Inc. (NYSE: M) has issued strong sales numbers at $1.225 billion for the four week period ended on Jan.30, 2010. Macy’s same-store sales are up by 3.4%in January. Talking with CNBC, Terry J. Lundgren, chairman, president and chief executive officer of Macy’s Inc., said that the...