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Employee Retention
78% of CFOs Say Quiet Quitting is a Problem: Weekly Stat
Strategies around talent recruitment and retainment are a principal focus for CFOs, according to a new study by CFO.
By
Adam Zaki
| February 1, 2023
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Credit & Capital
Macy’s Raises $4.5 Billion in New Financing
The company said its reopened stores are outperforming.
By
Lauren Muskett
| June 9, 2020
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Strategy
Macy’s to Close 125 Stores, Cut 2,000 Corporate Jobs
The closings are part of the retailer’s turnaround strategy that aims to find $1.5 billion in annual cost savings by the end of 2022.
By
Lauren Muskett
| February 5, 2020
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Financial Reporting
Macy’s Posts First Comp Sales Drop in 2 Years
“The mall is getting more toxic," one analyst warns. "Mall traffic will likely continue to wane over the years ahead.”
By
Matthew Heller
| November 21, 2019
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Financial Performance
Macy’s Shares Fall 13% on Big Earnings Miss
Same-store sales improved in the second quarter but profit was hit by heavy markdowns to clear unsold merchandise.
By
Matthew Heller
| August 14, 2019
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Financial Performance
Macy’s to Cut Top Jobs as Part of Savings Plan
The layoffs of about 100 senior-level staff will allow the retailer to move faster, reduce costs, and be more responsive to changing customer expectations.
By
Matthew Heller
| February 26, 2019
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Turnarounds
Macy’s Ends Same-Store Sales Losing Streak
Comparable sales rose 1.3% in Q4 as the retailer's renewed emphasis on apparel helped bring in more shoppers and persuaded them to spend more.
By
Matthew Heller
| February 27, 2018
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Financial Performance
Macy’s Comp Sales Drop 3.6%, Earnings Beat
The same-store sales drop was worse than analysts expected but tight inventory control drove an improvement in profitability.
By
Matthew Heller
| November 10, 2017
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Financial Performance
Macy’s Same-Store Sales Decline Slows in Q2
The struggling retailer's stock fell 10%, apparently reflecting investor doubts over the progress of its turnaround efforts.
By
Matthew Heller
| August 11, 2017
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Financial Performance
Macy’s Comp Sales Fall for 9th Straight Quarter
The retailer's shares plunge 17% as the disappointing Q1 report added "to the sense that Macy's is on a slippery slope."
By
Matthew Heller
| May 12, 2017
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