Macy’s Tops Expectations But Stock Drops
CEO Jeff Gennette says the retailer's strategic initiatives are starting to gain traction.
CFOs on the Move: Week Ending May 25
United Airlines, Web.com, W.R. Grace, Tenneco, Vitamin Shoppe, American Homes 4 Rent, Texas Roadhouse, Molina Healthcare, Rogers, Macy's
Macy’s Names Paula Price New CFO
A lecturer at Harvard since 2014, Price was previously finance chief of grocery retailer Ahold USA. She also serves on three corporate boards.
CFOs on the Move: Week Ending April 6
Macy's, Adobe Systems, Vista Outdoor, Advanced Energy Industries, CHG Healthcare, SEACOR Marine, JAKKS Pacific, Adams Resources & Energy, iStar
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.
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.
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.
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."
Macy’s Cost-Cutting Helps Profit Beat Estimates
The outlook for sales growth, however, remains weak, with comp sales expected to decline between 2.0% and 3.0% this year.
Macy’s Shares Drop 14% on Weak Holiday Sales
The retailer posted a 2.1% same-store sales decline, and lowered earnings guidance, as it continues to struggle with the shift to online shopping.