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Is Macy's Thanksgiving Day Parade Happening In 2020? Here's Everything You Need to Know
UBS Downgrades Macy’s and Kohl’s amid COVID-19 Storm
Macy’s (NYSE:M) and Kohl’s (NYSE:KSS) stocks were down 6.0% and 6.3% as of 12:45 PM ET today following a rating downgrade.
Kohl’s Stock Rose 9% after Bank of America Upgraded Rating
Kohl’s (NYSE:KSS) stock rose 9% on Wednesday. Bank of America upgraded its rating for the mid-tier department store chain.
Macy’s Preliminary Q1 Results: Good and Bad
Macy’s (NYSE:M) stock rose 4.0% as of 10:00 AM ET on June 9. The company said that it has experienced better-than-expected sales at reopened stores.
Macy’s Stock: Why Most Analysts Recommend a ‘Hold’
Today at 7:09 AM ET, Macy’s (NYSE:M) stock rose 8% to $6.65 in the pre-market session. The shares rose due to positive developments.
How TJX Companies and Ross Stores Fared in Q1
On May 21, TJX Companies (NYSE:TJX) reported weaker-than-expected results for the first quarter of fiscal 2021. COVID-19 impacted the results.
Macy’s Sees up to $1.11 Billion Q1 Loss, COVID-19 Hurts Sales
Macy’s (NYSE:M) preliminary first-quarter results were announced today. The results reflected the impact of COVID-19 on retailers.
Kohl’s Q1 Results: Doom for Retailers amid COVID-19
Kohl’s first-quarter net sales declined 43.5% YoY (year-over-year) to $2.16 billion. The company lagged analysts’ estimate of $2.18 billion.
Telsey Upgraded Best Buy before Its Q1 Results
Best Buy (NYSE:BBY) stock surged about 11% on Monday after Telsey Advisory upgraded it to “outperform” from “market perform.”
Will Kohl’s Q1 Results Reflect Its Plight amid COVID-19?
Kohl’s will likely report its first-quarter results on May 19. The mid-tier department store chain temporarily closed its stores starting on March 19.
Dillard’s Stock Posted Weak Q1 Results, Still Rose 9%
Dillard’s (NYSE:DDS) stock gained around 9% in after-hours trading on Thursday following its lower-than-expected first-quarter results.
Will Macy’s Survive COVID-19 or Sink Like JCPenney?
COVID-19 might lead to doom for department store chains like Macy’s (NYSE:M) and JCPenney (NYSE:JCP). They struggled before the pandemic.
JCPenney: Is Bankruptcy the Only Option Left?
Mid-tier department store chain JCPenney (NYSE:JCP) might file for bankruptcy. The news dragged the stock down by 26% as of 9:56 AM ET today.
Levi Strauss Stock Is Rising before Its Q1 Results
Levi Strauss has risen more than 9% during today’s trading session. The company is scheduled to report its first-quarter results after the closing bell today.
Gap Stock Falls, Withdraws Guidance and Halts Dividends
Gap stock has fallen during the trading session today. The company announced that it will withdraw its guidance, halt its dividend, and cut expenses.
Should Investors Consider Buying Walmart Stock?
Walmart (NYSE:WMT) stock has been rising despite the economic fallout amid the coronavirus outbreak. The stock has gained 11.4% this month.
Nike and Other Retailers Close Stores Due to Coronavirus
On March 15, Nike announced that it will close its stores in the US, Canada, Western Europe, and Australia from March 16–27 amid the coronavirus outbreak.
Nordstrom Faces Rating Downgrade after Q4 Earnings
Department store investors faced another setback. Nordstrom (NYSE:JWN) stock fell by 1.7% on Wednesday as Barclays downgraded it to “underweight.”
Kohl’s Hikes Dividend, Exceeds Q4 Earnings Estimates
Kohl (NYSE:KSS) stock rose 4.1% in pre-market hours trading today. However, the stock fell 2.2% as of 12:31 PM ET amid volatile market conditions.
TJX Posts Strong Q4 Earnings, Dividend Hike
TJX Companies stock touched a new 52-week high of $64.95 on Wednesday. The company declared strong fourth-quarter results and a dividend hike.
Can Walmart’s Q4 Earnings Boost Its Stock?
Walmart is scheduled to release its results for the fourth quarter of fiscal 2020 on Tuesday before the market opens. Currently, the stock is down year-to-date.
Macy’s Will Close 125 Stores amid Online Shopping Demand
Macy’s has decided to close 125 stores over the next three years. The company will also reduce 10% of its staff, which is around 2,000 corporate jobs.
Kohl’s, JCPenney Slide amid Weak Holiday Sales
Kohl’s stock plunged 9.5% while JCPenney was down 11% today at 1:01 PM ET. These department store chains announced dismal holiday sales.
Macy’s Holiday Sales Update Drives Its Stock Higher
Macy’s reported a 0.7% same-store sales decline during the holiday season on an owned basis. Macy’s stock was up 3.0% at 3:25 PM ET today.
Is Analyst Pessimism for Kohl’s Stock Increasing?
Kohl’s stock has been seeing increased pessimism among analysts lately. Jefferies downgraded its rating for the stock yesterday, followed by Cowen today.
Can Shopify Stock Rally after Touching New Highs?
Shopify (SHOP) stock has generated stellar returns of around 194.7% on a YTD (year-to-date) basis as of December 27. The S&P 500 has risen about 29.3% YTD.
Will JCPenney Recover or Sink Further in 2020?
JCPenney (JCP) stock rose 9.6% this year. Investors were relieved when the store announced better-than-expected third-quarter results in November.
Macy’s, Nordstrom, and Amazon Post Strong Holiday Sales
Macy’s and Nordstrom stocks rose 2.6% and 1.8% on Thursday. Mastercard SpendingPulse reported a 3.4% rise in US retail sales during the holiday season.
Consumer Stocks: 5 Stragglers of 2019
Consumer stocks like Macy’s (M), Kraft Heinz (KHC), Gap (GPS), Altria (MO), and Walgreens (WBA) are lagging the broader markets by a wide margin.
Could Kohl’s Stock Continue to Fall?
Kohl’s stock has dropped 24.9% so far this year. Its peers Macy’s and Nordstrom have declined 47.5% and 16.6%, respectively, YTD.
Macy’s Stock: Why Goldman Sachs Sees More Downside
On Monday, Goldman Sachs downgraded Macy’s (M) rating to “sell” from “neutral.” Goldman Sachs analyst Alexandra Walvis also lowered the target price.
Will Macy’s Holiday Season Renew Investor Optimism?
The holidays contribute a significant share to the sales of department stores such as Macy’s. However, its recent performance has crushed investors’ hopes.
Should Investors Consider Macy’s for Its Dividend Yield?
Based on its closing price of $15.48 on November 27, Macy’s stock has an attractive dividend yield of 9.8%. Here’s what investors should know about Macy’s.
Dick’s Sporting Goods Soars on Q3 Earnings, Outlook
Dick’s Sporting Goods (DKS) stock surged 19.1% today after the company announced strong earnings results for the third quarter.
Did Nordstrom Turn the Tide with Its Q3 Earnings?
Nordstrom’s third-quarter earnings drove a 10.6% rise in its stock on November 22. The company announced its earnings after the market close on November 21.
Macy’s Stock Falls after Earnings on Weak Outlook
Macy’s (M) earnings for the third quarter yet again reflected the struggle that’s facing department stores in this highly competitive retail market.
Will Macy’s Q3 Earnings Add to Investors’ Worries?
Yesterday, Macy’s (M) stock fell 10.9% after department store peer Kohl’s (KSS) announced weak third-quarter results and shared a gloomy outlook.
JCPenney Stock Soars on Lower-than-Expected Q3 Loss
Mid-tier department store chain JCPenney (JCP) impressed investors by reporting a lower-than-anticipated loss for the third quarter of fiscal 2019.
Google Wins Largest Healthcare Cloud Deal with Ascension
Google (GOOG) won a deal to provide cloud computing services to Ascension, the largest Catholic health system in the world.
Gap Stock Slumps on Guidance Cut, CEO Exit
Gap stock fell about 6% in after-hours following management’s guidance cut. The company also announced the exit of CEO Art Peck.
Cramer Backs Amazon’s Bet on Free One-Day Delivery
Amazon stock slid 1.1% on Friday after reporting its Q3 earnings. Despite Amazon’s disappointing results, CNBC host Jim Cramer is bullish on its stock.
Amazon’s Q3 Earnings: Should Retailers Worry?
Amazon (AMZN) is scheduled to announce its third-quarter earnings after the markets close on Thursday. Will the results impact other retailers?
Macy’s Stock Fell More after Rating Downgrade
Macy’s (M) stock fell 4.2% on October 18 after Credit Suisse downgraded its rating. Credit Suisse downgraded the rating to “underperform” from “neutral.”
An Overview of the S&P 500 Retailers
US retail sales grew by 3.5% in the first half of 2019. The retail sector of the S&P 500 Index includes 29 stocks representing a broad variety of retailers.
Levi’s Beat the Blues: Q3 EPS Exceeded Expectations
Levi Strauss reported its Q3 results after market hours yesterday. Levi’s Q3 EPS of $0.31 exceeded analysts’ expectations of $0.27.
How US Retail Sales Changed in Two Decades
The retail sales for 2018 were $4.3 trillion. From January to July 2019, the retail sales in this category rose 3.5% over the comparable period in 2018.
Forever 21 Bankruptcy: Should You Shun Retail Stocks?
The US retail sector has seen a bloodbath in the last five years. The latest to join the list is Forever 21, which filed for bankruptcy on Sunday.
Macy’s Stock: No Takers despite High Dividend Yield
Macy’s (M) stock offers a stellar dividend yield of 9.8%. However, the company’s dividend yield is high due to the sharp decline in its stock price.
Nordstrom Reports Strong Q2 Earnings, Stock Surges
Nordstrom (JWN) stock was up 16% as of 11:50 AM today after it reported better-than-expected earnings for the second quarter of fiscal 2019.
Kohl’s Stock Plunges after Mixed Q2 Results
Kohl’s (KSS) stock was down 6.3% as of 12:35 PM ET today as the company lagged analysts’ sales forecast for the second quarter.
JCPenney Earnings: Dismal Sales but Narrower Losses
JCPenney (JCP) stock rose 14% in today’s pre-market hours and was up 3.4% as of 2:19 PM ET after more disappointing earnings results.
Google Cloud for Retail Grows as It Wins Over Macy’s
In April, Google (GOOGL) unveiled Cloud for Retail, a package of cloud computing solutions specifically designed for retailers.
Key Insights from Macy’s Q2 Results
Macy’s (M) weak fiscal 2019 second-quarter results pulled down its stock by 13.2% yesterday. Peer stocks, struggling due to online players, also fell.
Macy’s Stock Plummets on Dismal Q2 Earnings
Macy’s was down 14% as of 12:01 PM ET today after it announced a significant fall in its second-quarter earnings and lowered its full-year outlook.
What to Expect from Macy’s Q2 Results
Macy’s (M) is set to declare its fiscal 2019 second-quarter earnings results on August 14. Analysts expect Macy’s sales and earnings to fall in the quarter.
Nordstrom Family: Seeking a Bigger Stake in the Store?
Nordstrom (JWN) rose 7.9% on July 31, reacting to reports that the Nordstrom family may increase its stake from one-third to over 50% in the chain.
Levi Strauss Stock Got a Downgrade from Goldman Sachs
Levi Strauss stock fell 4.6% yesterday after Goldman Sachs downgraded it to “sell” from “neutral.”
NIO Up 52% in July, Beating Other Chinese and Auto Stocks
On Wednesday, NIO (NIO) continued to trade on a strong bullish note for the seventh consecutive session.
Nordstrom Stock Falls as Goldman Downgrades to ‘Sell’
Nordstrom (JWN) stock was down 2.5% as of 1:11 PM ET today after Goldman Sachs downgraded its rating for the department store chain to “sell” from “neutral.”
Walmart, Macy’s, and Others Ask Trump to Reconsider Tariffs
Over 500 companies and several trade associations reached out to President Trump to reconsider tariffs on Chinese imports. In a letter dated June 13, major US companies from various sectors indicated that tariffs would negatively impact businesses, consumers, and the overall US economy.
What Affected Macy’s Margins in the First Quarter
Macy’s (M) gross margin contracted ~80 basis points to 38.2% in the first quarter of fiscal 2019, which ended on May 4.
Macy’s Strategic Efforts Drove Its Same-Store Sales Growth in Q1
Macy’s (M) same-store sales grew 0.6% on an owned basis and 0.7% on an owned-plus-licensed basis in the first quarter of fiscal 2019.
Goldman Sachs Upgrades Macy’s Stock after Its Q1 Results
Goldman Sachs upgraded its rating for Macy’s stock after Macy’s fiscal 2019 first-quarter earnings release.
Will Macy’s Beat Wall Street Sales Expectations in Its Q1?
Macy’s (M) same-store sales grew 2.0% on an owned-plus-licensed basis in fiscal 2018, which ended on February 2.
What Analysts Expect from Kohl’s Fiscal 2019 Sales
Kohl’s (KSS) net sales fell 3.4% to $6.54 billion in the fourth quarter of fiscal 2018.
Kohl Investors Welcome Expansion of Partnership with Amazon
Kohl’s (KSS) stock surged 11.9% on April 23 in reaction to news of its expanded partnership with Amazon (AMZN).
What Analysts Expect from Nordstrom in 2019
Nordstrom’s revenue (including retail net sales and credit card income) rose 2.5% to $15.9 billion in fiscal 2018, which ended on February 2.
Why KeyBanc Upgraded Nordstrom Stock
Nordstrom (JWN) stock rose 1.7% on April 10 after KeyBanc upgraded its rating to an “overweight” from a “sector weight.”
Do Analysts Expect JCPenney’s Revenue to Improve in 2019?
Currently, analysts expect JCPenney’s revenue to decline in fiscal 2019.
Nordstrom Posts Mixed Q4 Results, Gives Upbeat Earnings Outlook
As of 8:36 AM, Nordstrom (JWN) had risen 2.0% today. The company announced mixed results for fiscal 2018’s fourth quarter after markets closed yesterday.
How Macy’s Fared on the Profitability Front in Fiscal 2018
Macy’s (M) adjusted EPS fell 4.2% YoY (year-over-year) to $2.73 in fiscal 2018’s fourth quarter (ended February 2).
What Macy’s Fiscal 2019 Sales Guidance Reflects
Macy’s (M) net sales grew 0.1% to ~$25.0 billion in fiscal 2018 (ended February 2). The company’s same-store sales grew 2.0% on an owned-plus-licensed basis.
Key Takeaways from Macy’s Q4 and Fiscal 2018 Results
Macy’s (M) stock rose 1.5% on February 26, the day the company announced its results for fiscal 2018 and the fourth quarter (ended February 2).
JCPenney Stock Is High Due to Strong Q4 Results
JCPenney (JCP) stock rose 22.5% as of 9:49 AM EST on February 28 due to the company’s fourth-quarter results.
Where Macy’s Valuation Stands
As of February 20, Macy’s (M) 12-month forward PE multiple was 7.6x, 12.3% lower than when it announced its lowered outlook for fiscal 2018 on January 10.
Could Macy’s Fourth-Quarter Sales Beat Expectations?
Macy’s (M) reported sales growth in the first and third quarters of fiscal 2018, while its top line declined in the second quarter.
What’s Expected for Macy’s Fourth-Quarter Results
Department store chain Macy’s (M) is set to announce its fiscal 2018 fourth-quarter results on February 26.
Why JCPenney Is Pulling Appliances from Its Stores
JCPenney (JCP) will stop selling major appliances at its stores starting at the end of February.
Can Macy’s and Nordstrom Improve Margins amid Cost Pressures?
In the first nine months of fiscal 2018, Macy’s (M) delivered a higher gross margin than Nordstrom (JWN) did.
What Macy’s and Nordstrom Are Doing to Improve Top-Line Growth
After weak holiday sales, Macy’s (M) expects same-store sales growth (or SSSG) of about 2.0% (on an owned-plus-licensed basis) in fiscal 2018.
Sears Has a Shot at Survival Only if Lampert’s Bid Gets Approval
Sears Holdings (SHLDQ) has been in the limelight for all the wrong reasons.
How Kohl’s PE Multiple Compares with Peers’
On January 16, Kohl’s (KSS) 12-month forward PE ratio was 12.1x. Meanwhile, Nordstrom (JWN), Macy’s (M), and Dillard’s (DDS) have PE ratios of 12.1x, 7.3x, and 11.2x, respectively.
Kohl’s Growth Prospects in 2019
For the fourth quarter of fiscal 2018, Wall Street analysts expect Kohl’s (KSS) sales to fall 2.7% YoY (year-over-year) to $6.59 billion.
Nordstrom’s Holiday Sales: Another Department Store Disappoints
Nordstrom (JWN) stock declined about 4% in after-market hours on January 15 after the company reported weak same-store sales for the holiday period.
JCPenney Hopes Key Executive Appointments Will Lead to Turnaround
JCPenney (JCP) stock rose 1.5% on January 15 in reaction to the mid-tier department store chain’s announcement of key executive appointments.
Analysts Downgrade Macy’s Stock on Weak Outlook
Bank of America Merill Lynch downgraded Macy’s stock to an “underperform” after the department store reported weak holiday sales.
Kohl’s Stock Fell 4.8% in the Last Trading Session
Kohl’s (KSS) stock fell 4.8% on January 10. Investors were disappointed with the sales growth deceleration during the holiday season.
Do Analysts Expect Macy’s Sales Growth to Improve?
Macy’s (M) sales grew in the fourth quarter of fiscal 2017 after declining for 11 consecutive quarters.
Are JCPenney Investors Hopeful of a Recovery?
JCPenney’s (JCP) disappointing performance in recent quarters has dragged its stock down 62.3% since the start of this year.
Evaluating Kohl’s Top-Line Trends in 2018
Over the trailing 11 quarters, Kohl’s (KSS) has beaten top-line estimates eight times and missed them on three occasions.
Kohl’s Tanks 9.2%—Even with Strong Third-Quarter Results
On November 20, Kohl’s Corporation (KSS) posted its third-quarter results. Net sales of $4.37 billion and adjusted EPS of $0.98 beat the consensus estimates.
Nordstrom Stock Fell, Revenue Outlook Shadowed Strong Q3 Results
Nordstrom (JWN) stock fell 9% in after-hours trading on November 16 following the announcement of its third-quarter results.
Macy’s Growth Initiatives Drove Its Q3 Sales Higher
Macy’s (M) net sales grew 2.3% on a YoY basis to $5.4 billion, which was in line with analysts’ estimate in the third quarter of fiscal 2018.
What Could Hurt Nordstrom’s Q3 Earnings?
Nordstrom (JWN) has exceeded analysts’ earnings expectations in eight of the past ten quarters.
JCPenney Appoints New CEO, Stock Up 9.6% in After-Market Hours
JCPenney stock rose 9.6% in after-hours trading on October 2 following the announcement that Jill Soltau will be the company’s new CEO.
Analysts and Macy’s Expected Sales in the Second Half of 2018
Macy’s (M) raised its sales guidance for fiscal 2018 in August after improved performance in the first half of fiscal 2018.
A Look at Kohl’s Capital Allocation Plans
On September 17, Kohl’s was trading at a 12-month forward PE multiple of ~14.0x.
Comparing Nordstrom’s Top-Line Growth with Peers’
Nordstrom’s (JWN) revenue grew 6.7% to $7.6 billion in the first half of fiscal 2018. In the second quarter, which ended on August 4, the company’s revenue grew 7.2% on a year-over-year basis to $4.1 billion.
How Analysts Reacted to Macy’s Fiscal Q2 2018 Results
Macy’s (M) reported its Q2 results on August 15, beating expectations. Macy’s stock fell 15.9% on August 15 but rose 1.9% on August 16.
Kohl’s Is Up ~41% in 2018: Can Stock Sustain Momentum?
As of August 13, Kohl’s stock price is up 40.9% on a YTD (year-to-date) basis.