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CFOs On the Move: Week Ending March 24
Ally Financial, NFL, Papa Johns, Overair, LastPass, Curbio, Hinge Health, Momnt, Sealed Air, Infobip
By
Lauren Muskett
| March 24, 2023
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CFOs On the Move: Week Ending March 24
Ally Financial, NFL, Papa Johns, Overair, LastPass, Curbio, Hinge Health, Momnt, Sealed Air, Infobip
By
Lauren Muskett
| March 24, 2023
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Risk
Building a Case for Macy’s and Just Eat Takeaway’s Spinoffs
Macy’s e-commerce unit could fetch a handsome valuation as a standalone, and poorly performing Grubhub is dragging down JET's stock price.
By
Vincent Ryan
| October 26, 2021
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People
2020 CFO Departures and Arrivals
From Ford to Cisco, Macy’s to Moderna many companies saw changes at the CFO position last year.
By
Lauren Muskett
| January 4, 2021
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People
CFOs On the Move: Week Ending October 16
Macy’s, Libra Networks, Squarespace, Urban Outfitters, Superdry, Wrightspeed, TPN, Harmony Senior Services, Realty Income, BMC
By
Lauren Muskett
| October 16, 2020
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Strategy
Macy’s Invests in ‘Buy Now, Pay Later’ Company Klarna
The deal includes the retailer using the company’s installment payment plan as an option at online checkout.
By
Lauren Muskett
| October 6, 2020
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Financial Performance
Macy’s Shares Higher on Better-Than-Expected Q2
Digital sales increased 53% year-over-year, which helped offset the loss of sales at stores due to coronavirus closures.
By
Lauren Muskett
| September 2, 2020
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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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People
CFOs On the Move: Week Ending May 22
Republic Services, Macy’s, CBS News, Organon, Scientific Games, FabFitFun, OODA Health, Lief Labs, Diamond Estates Wines & Spirits, Axiom
By
Lauren Muskett
| May 22, 2020
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People
Macy’s CFO Paula Price to Step Down
Price’s departure comes amid a massive retail shutdown that forced the company to close stores, furlough employees, and temporarily cut executive pay.
By
Lauren Muskett
| April 7, 2020
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Strategy
Can Big Retailers Be Saved?
Innovative store concepts are buying some time, but brands like Macy’s and J.C. Penney need a lot more to reverse the falloff in sales.
By
Lauren Muskett
| February 20, 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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Leadership
CFOs to Watch 2019: Will They Sink or Swim?
The success or failure of these 20 CFOs will decide their companies’ futures in a time of economic uncertainty and technological disruption.
By
CFO Staff
| October 9, 2019
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Credit & Capital
Online Clothing Reseller ThredUp Gets $175 Million Infusion
The company plans to expand its platform to offer resale services to retailers, and recently announced partnerships with Macy’s and J.C. Penney.
By
Lauren Muskett
| August 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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