Macy's Inc

Latest Macy's Inc News and Updates

  • JCPenney: Insight into Its Roller Coaster Journey
    Company & Industry Overviews

    JCPenney: Insight into Its Roller Coaster Journey

    This series on JCPenney will provide insight into the company’s business and its turnaround strategy, key growth initiatives, stock price movement, and valuation.

    By Sirisha Bhogaraju
  • uploads///Operating margin
    Earnings Report

    Nordstrom’s operating margins feel the squeeze from expansion

    In fiscal 2014, Nordstrom’s operating margins declined by another 9.8% on the heels of a 10.8% decline in fiscal 2013.

    By Sirisha Bhogaraju
  • uploads///Chart
    Consumer

    Must-know update: Redbook Index same-store sales data released

    The Redbook Index released the same-store weekly data on Tuesday, March 11, 2014.

    By Sandra Nathanson
  • uploads///M ANR
    Consumer

    Gauging Analysts’ Reaction to Macy’s Fiscal 4Q17 Results

    As of February 28, Macy’s (M) stock was rated a “hold” by 14 out of 20 analysts (70%). Four analysts had a “buy” recommendation while two had a “sell” rating.

    By Sirisha Bhogaraju
  • uploads///US Retail Sales  Aug
    Macroeconomic Analysis

    July’s US Retail Sales Meet Estimates

    On August 13, 2015, US retail sales came in at expected levels for July. The increase in the retail sector was broad-based.

    By David Meyer
  • uploads///JCP Sales Q
    Earnings Report

    What Impacted JCPenney’s Fiscal 4Q16 Sales?

    JCPenney (JCP) expects its same-store sales growth in fiscal 2017 to range from -1.0% to 1.0%.

    By Sirisha Bhogaraju
  • uploads///Margins
    Earnings Report

    What Went Wrong with Macy’s 1Q15 Operating Margins?

    Macy’s (M) operating margins declined to 6.6% in 1Q15—ending May 2, 2015—from 7.1% in the same quarter last year. The operating income declined by 7.7%.

    By Sirisha Bhogaraju
  • uploads///PCE
    Macroeconomic Analysis

    Flat Consumer Spending May Cast a Shadow over Department Stores

    According to the BEA, consumer spending remained essentially unchanged despite a 0.3% rise in real disposable income stemming from a higher savings rate.

    By Sirisha Bhogaraju
  • uploads///ANR JWN
    Consumer

    Why Most Analysts Have ‘Hold’ Ratings on Nordstrom

    On August 2, 2016, Nordstrom’s (JWN) stock price had fallen by 18.7% to $40.74 on a YTD (year-to-date) basis.

    By Sirisha Bhogaraju
  • uploads///KSS stock price
    Miscellaneous

    Kohl’s Stock Fell 18.8% on News of Weak Fiscal 4Q15 Sales

    As of February 4, 2016, 14 of the 24 analysts covering Kohl’s have a “hold” recommendation for the stock, eight analysts have a “buy” recommendation, and two analysts gave a “sell” recommendation.

    By Sirisha Bhogaraju
  • uploads///Ad US location targeted spending
    Company & Industry Overviews

    How Are Google’s Local Inventory Ads Helping Retailers?

    Seeing the success of local inventory ads, Google has expanded them to all major economies outside the United States, including the United Kingdom (EWU), France, Germany, Japan, and Australia.

    By Puneet Sikka
  • uploads///holiday sales
    Company & Industry Overviews

    Will Macy’s and Its Peers Rejoice This Holiday Season?

    According to data released by the NRF (National Retail Federation) on December 14, 2016, retail sales rose 5.0% on a year-over-year basis in November.

    By Sirisha Bhogaraju
  • uploads///JWN revenue
    Miscellaneous

    Why Nordstrom May End the Year with Subdued Revenue Growth

    Nordstrom’s (JWN) overall revenue, including credit card revenue, rose 1.1%, -1.4%, and 6.4%, respectively, in 1Q16, 2Q16, and 3Q16.

    By Sirisha Bhogaraju
  • Consumer

    Chilton Investment Company buys stake in TransDigm in 4Q13

    Chilton started a new position in aerospace engineering company TransDigm Group Inc. (TDG) that accounts for 0.76% of the fund’s fourth quarter portfolio.

    By Samantha Nielson
  • uploads///Consumer confidence
    Macroeconomic Analysis

    Consumer Sentiment Is down in March after 11-Year High

    The Consumer Sentiment Index for March 2015 declined to 93 from 95.4 in the month of February due to slightly higher gas prices and bad weather.

    By Sirisha Bhogaraju
  • uploads///JCP Sales Q
    Consumer

    How JCPenney’s Sales Fared in Fiscal 4Q17

    JCPenney’s (JCP) sales grew 1.8% in fiscal 4Q17 but missed analysts’ consensus estimate by 0.4%.

    By Sirisha Bhogaraju
  • uploads///JWN Outlook
    Earnings Report

    Nordstrom Raises Its Outlook Following Strong 2Q15 Results

    Nordstrom (JWN) raised its outlook for fiscal 2015, which ends January 30, 2016, backed by strong sales growth in the first half of 2015.

    By Sirisha Bhogaraju
  • uploads///ANR
    Miscellaneous

    Department Stores on the Street: What the Analysts Recommend

    Most department stores, including JCPenney (JCP), Macy’s (M), Nordstrom (JWN), and Kohl’s (KSS), have consensus “hold” ratings for their respective stocks.

    By Sirisha Bhogaraju
  • uploads///Redbook
    Macroeconomic Analysis

    Johnson Redbook Index Reflects Sluggish US Same-Store Sales

    Subdued US same-store sales are not a favorable indicator for department stores. In 1Q15, which ended May 2, 2015, Macy’s (M) reported a 0.7% fall in same-store sales.

    By Sirisha Bhogaraju
  • uploads///macys stock
    Consumer

    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.

    By Ambrish Shah
  • uploads///Stock price movement
    Macroeconomic Analysis

    Stock Price: Ross Stores Outperforms Off-Price Retailer Peers

    On a year-to-date basis, Ross Stores’ stock price has appreciated more than that of other off-price retailers.

    By Sirisha Bhogaraju
  • uploads///M stock price movement
    Company & Industry Overviews

    Macy’s Investors Disappointed in 2015: Stock Falls More Than 46%

    Macy’s (M) stock price has fallen a whopping 46.7% this year. On December 21, 2015, Macy’s share price fell to $35.02. It touched its 52-week low of $34.50 on December 17.

    By Sirisha Bhogaraju
  • uploads///Macys
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///M Sales
    Earnings Report

    How Macy’s Plans to Boost Its Future Sales

    Sales under pressure As discussed earlier in this series, Macy’s sales continued to fall for the seventh straight quarter in 3Q16. In 3Q16, which ended on October 29, 2016, Macy’s same-store sales fell 3.3% on an owned basis. The company’s same-store sales fell 2.7% in the quarter on an owned plus licensed basis. Macy’s is […]

    By Sirisha Bhogaraju
  • uploads///Macys Valuation
    Consumer

    Comparing Macy’s Valuations to Its Peers’

    In this article, we’ll use the 12-month forward PE (price-to-earnings) ratio to assess Macy’s current valuation and compare it with its peers’.

    By Sirisha Bhogaraju
  • uploads///Sears
    Industrials

    Must-know update: DE Shaw increases its position in Sears Holdings

    DE Shaw increased its position in specialty retailer Sears Holdings (SHLD) from 0.01% to 0.07% in 4Q 2013.

    By Samantha Nielson
  • uploads///Part
    Consumer

    Coach Raises Guidance on Upbeat Results from Stuart Weitzman

    Stuart Weitzman’s results were one of the brightest spots in Coach’s (COH) fiscal 2Q16 earnings release.

    By Phalguni Soni
  • uploads///samestore
    Earnings Report

    Macy’s Backstage: Off-Price Stores to Debut in Fall of 2015

    On May 5, 2015, Macy’s (M) announced that it will enter the off-price business through four pilot stores in New York City.

    By Sirisha Bhogaraju
  • uploads///Nordstrom Store count
    Earnings Report

    An Insight into Nordstrom’s Fiscal 2016 Store Growth Plans

    In fiscal 2016, Nordstrom plans to open three new full-line stores and 20 new Nordstrom Rack stores. The company also plans to relocate one full-line store and two Nordstrom Rack stores in fiscal 2016.

    By Sirisha Bhogaraju
  • uploads///Kohls
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///Kohls
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///Macys
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///department store _
    Company & Industry Overviews

    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.

    By Sirisha Bhogaraju
  • uploads///ibm
    Company & Industry Overviews

    What Could Teaching Watson Tax Filing Yield for IBM?

    IBM (IBM) announced in February 2017 that H&R Block was deploying Watson to its 70,000 tax professionals with the aim of eliminating human errors in tax filing.

    By Ruchi Gupta
  • uploads///Jobless
    Macroeconomic Analysis

    Fall in Jobless Claims Might Benefit Department Stores

    Initial jobless claims for the week ending June 13 came in at 267,000 on a seasonally adjusted basis—better than consensus economists’ estimate of 275,000.

    By Sirisha Bhogaraju
  • uploads///consumer confidence indices
    Macroeconomic Analysis

    Conference Board Indicates Upbeat Consumer Confidence in March

    In March, the Consumer Confidence Index surged to 101.3. In February, it dropped to 98.8 from 103.8 in January. The CSI fell to 93.0 from 95.4 in February.

    By Sirisha Bhogaraju
  • uploads///store _
    Company & Industry Overviews

    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.

    By Victoria Dean
  • uploads///JCPgross margin
    Company & Industry Overviews

    Why JCPenney Considers Its Private Brands to Be Vital

    JCPenney (JCP) considers its private brands as key sales drivers. Some of the company’s popular private brands are St. John’s Bay, Arizona, Okie Dokie, Total Girl, and Xersion.

    By Sirisha Bhogaraju
  • uploads///Factors affecting Feds rate hike decision
    Macroeconomic Analysis

    Is the US Economy Ready for Another Rate Hike?

    With the US economy gearing itself up for the another rate hike, investors are investing in short-term Treasury securities whose price will fall less in value when interest rates rise.

    By Lynn Noah
  • uploads///Market cap
    Company & Industry Overviews

    Analyzing Kohl’s Opportunities and Threats after 3Q15

    Kohl’s can look for growth opportunities in off-price retailing. It opened its first Off-Aisle by Kohl’s store in 2015, with a slightly different concept.

    By Sirisha Bhogaraju
  • uploads///JCP EPS Q
    Consumer

    JCPenney’s Bottom Line Continued to Improve in 2Q16

    JCPenney’s strategic initiatives helped improve its bottom line in all of the quarters in fiscal 2015 and in 1Q16. IJJ has 0.4% exposure to JCPenney.

    By Sirisha Bhogaraju
  • uploads///football american college game
    Company & Industry Overviews

    JCPenney Gets Sporty, Partners with Fanatics

    On June 7, JCPenney (JCP) announced its partnership with Fanatics—a leading licensed sports merchandise retailer.

    By Sirisha Bhogaraju
  • uploads///hanger clothing department store
    Company & Industry Overviews

    Why Nordstrom Stock Fell on July 10

    Nordstrom (JWN) stock fell 2.7% on July 10 following a rating downgrade by KeyBanc Capital Markets to “sector weight” from “overweight.”

    By Sirisha Bhogaraju
  • uploads///JCP stock price
    Miscellaneous

    JCPenney’s Stock Up by 42% in 2016 as Analysts See More Upside

    Of the 26 analysts covering JCPenney’s stock, 11 analysts have a “buy” recommendation and 11 analysts have a “hold” recommendation. Four analysts have issued a “sell” rating.

    By Sirisha Bhogaraju
  • uploads///cbbceebccd
    Earnings Report

    Why JCPenney Stock Rallied in the First Half of 2015

    The rise in JCPenney stock is influenced by its improved financials and renewed expectations about growth prospects. In fiscal 2014, JCPenney reported same-store sales growth of 4.4%.

    By Sirisha Bhogaraju
  • uploads///Macys valuation
    Earnings Report

    Macy’s Valuation Falls in Reaction to Its 1Q17 Results

    Macy’s (M) 12-month forward PE (price-to-earnings multiple) fell 15.1% to 7.2x on May 11, 2017, in reaction to its disappointing 1Q17 performance.

    By Sirisha Bhogaraju
  • uploads///JCP analysts rating
    Consumer

    JCPenney: Why Most Analysts Rate the Stock a ‘Buy’

    As we mentioned in Part 1 of this series, JCPenney’s (JCP) stock has risen 24.7% since the start of the year to $8.69 as of June 28.

    By Sirisha Bhogaraju
  • uploads///TJX US Sales chart
    Earnings Report

    TJX Companies’ HomeGoods Segment Impressed in Fiscal 3Q16

    TJX Companies’ HomeGoods segment reported strong same-store sales growth of 6%. The segment’s net sales grew by 12.8% to $959.8 million in 3Q16.

    By Sirisha Bhogaraju
  • uploads///Nordstrom Credit card revenue
    Company & Industry Overviews

    Nordstrom Completes Sale of Credit Card Portfolio to TD Bank

    On October 1, Nordstrom (JWN) announced the completion of the sale of its credit card portfolio to Toronto-Dominion Bank (TD), also known as TD Bank.

    By Sirisha Bhogaraju
  • uploads///ETFs
    Company & Industry Overviews

    ETFs with holdings in Macy’s: How should I invest?

    Some ETFs with holdings in Macy’s include one of the most popular ETFs in this category, the Consumer Discretionary Select Sector SPDR Fund (XLY).

    By Sirisha Bhogaraju
  • uploads///ADSK
    Consumer

    Why did Maverick Capital start new position in Autodesk?

    Maverick Capital is a $9 billion long-short equity hedge-fund firm, founded in 1990 by Lee S. Ainslie and Sam Wyly. In 2005, Maverick launched a long-only fund and two market-neutral funds with longer than usual investment lockups. The firm is headquartered in Dallas and has an additional office in New York. The fund bought new […]

    By Samantha Nielson
  • uploads///ETFs
    Company & Industry Overviews

    ETFs with holdings in Nordstrom

    This article discusses ETFs with holdings in Nordstrom.

    By Sirisha Bhogaraju
  • uploads///KSS Valuation
    Consumer

    Kohl’s Valuation Surges after Fiscal 2Q16 Results

    As of August 15, Kohl’s was trading at a 12-month forward PE (price-to-earnings) ratio of 11.7x.

    By Sirisha Bhogaraju
  • uploads///JCP EPS Q
    Earnings Report

    JCPenney’s Sales Fall in 1Q16: How Did It Trim Its Losses?

    JCPenney (JCP) was able to trim its losses in 1Q16 ended April 30, 2016, despite lower sales.

    By Sirisha Bhogaraju
  • uploads///Kohls rating
    Consumer

    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.

    By Shreerag Menon
  • uploads///Nordstrom credit card revenue
    Company & Industry Overviews

    Why Is Nordstrom Selling Its Profitable Credit Card Portfolio?

    Running a credit card division locks up some of a retailer’s capital and resources. Nordstrom’s credit card portfolio sale will let it focus on its core retail business.

    By Sirisha Bhogaraju
  • uploads///Untitled
    Company & Industry Overviews

    What Investors Need to Know about Valuation Price Multiples

    Valuation price multiples are used in the relative valuation technique. This is the most common method used by Wall Street to value stocks.

    By Mark Jonker
  • uploads///ROST market cap
    Company & Industry Overviews

    How Ross Stores Made Its Mark in Off-Price Retailing

    Ross Stores, a major player in the US off-price retail space, sells apparel, accessories, footwear, and home fashions at 20–60% discounts.

    By Sirisha Bhogaraju
  • uploads///Estimated revenue growth
    Company & Industry Overviews

    Macy’s Could Benefit from Higher Demand for Consumer Electronics

    Macy’s is likely to benefit from its partnership with Best Buy given the growing demand for consumer electronics.

    By Sirisha Bhogaraju
  • uploads///store clothes clothing line
    Company & Industry Overviews

    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.

    By Victoria Dean
  • uploads///shld pm
    Earnings Report

    Sears Holdings’ Revenue Fell, Income Rose in Fiscal 3Q15

    Sears has a market cap of $2.0 billion. Its YTD price movement both rose and fell in fiscal 2015. After it released its fiscal 3Q15 report, SHLD fell by 6.9%.

    By Gabriel Kane
  • uploads///Macy ANR
    Miscellaneous

    Macy’s Stock: Why Do Most Analysts Rate It a ‘Hold’?

    On February 2, 2017, 19 out of 22 analysts covering Macy’s (M) stock had “hold” recommendations, and three analysts had “buy” recommendations.

    By Sirisha Bhogaraju
  • uploads///JCP Price
    Consumer

    How Wall Street Analysts View JCPenney before Its Fiscal 2Q17 Results

    On August 4, JCPenney (JCP) stock was rated “hold” by 14 of 23 analysts. JCP stock is rated “buy” by seven analysts and “sell” by two analysts.

    By Sirisha Bhogaraju
  • uploads///Macys Sales Trend
    Company & Industry Overviews

    Macy’s International Growth: Bloomingdale’s to Open in Kuwait

    Macy’s (M) is gearing up for further international expansion with its plan to open its first Bloomingdale’s store in Kuwait.

    By Sirisha Bhogaraju
  • uploads///TJX Companies
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///Backstage
    Earnings Report

    Macy’s Reveals Expansion Plans for Off-Price Backstage Stores

    Macy’s entered the off-price retail space in September 2015 with the launch of three of its pilot Macy’s Backstage off-price stores.

    By Sirisha Bhogaraju
  • uploads///International plans
    Company & Industry Overviews

    International Expansion Plans for US Department Stores

    Macy’s opened its first international store under its Bloomingdale’s brand in Dubai in 2010. Nordstrom opened its first Canadian store in Calgary’s Chinook Centre in September 2014.

    By Sirisha Bhogaraju
  • uploads///
    Fund Managers

    What investors need to know about PVH’s operations

    In the apparel industry, operators are focusing on the retail side of their business. Through retail operations, companies generate higher margins.

    By Santiago Solari
  • uploads///Nordstrom rack store count
    Earnings Report

    Will Nordstrom’s Rack Stores Continue to Be a Key Growth Driver?

    In 2Q15, Nordstrom Rack store sales increased by 12.9% to $857 million from the comparable quarter of the previous year.

    By Sirisha Bhogaraju
  • Is Macy's Thanksgiving Day Parade Happening In 2020?
    News

    Is Macy's Thanksgiving Day Parade Happening In 2020? Here's Everything You Need to Know

    Many people are worried that the Macy's Thanksgiving Day Parade is going to be canceled amid the coronavirus pandemic.
    By Mark Pygas
  • uploads///Macys sales growth trend
    Company & Industry Overviews

    Weak Sales: Specific to Macy’s or Other Department Stores, Too?

    Macy’s (M) has missed consensus Wall Street sales estimates in each of the first three quarters of fiscal 2015, which will end January 30, 2016.

    By Sirisha Bhogaraju
  • uploads///KSS Stock Price
    Company & Industry Overviews

    Will Kohl’s New CEO Improve Its Performance?

    On September 26, Kohl’s (KSS) announced that Kevin Mansell, its chairman, CEO, and president, will retire in May 2018. Michelle Gass will be the next CEO.

    By Sirisha Bhogaraju
  • uploads///JWN ANR
    Consumer

    What Analysts Recommend for Nordstrom Stock

    The majority of the analysts have a “hold” rating for Nordstrom stock.

    By Sirisha Bhogaraju
  • uploads///KSS Margins
    Company & Industry Overviews

    What’s Kohl’s Doing to Improve Its Margins?

    Kohl’s (KSS) is trying to improve its margins through strong expense management. In fiscal 1Q17, Kohl’s gross margin grew by 83 basis points to 36.4%.

    By Sirisha Bhogaraju
  • uploads///ABT
    Consumer

    Chilton opens a new position in Abbott Laboratories in 4Q13

    Abbott Laboratories (ABT) is a brand new position that accounts for 1.19% of Chilton’s fourth quarter 2013 portfolio.

    By Samantha Nielson
  • uploads///Wage Growth Grapples As Unemployment Gains
    Company & Industry Overviews

    Could Wage Growth Improve as Employment Picks Up?

    The US economy is swiftly adding jobs, with the latest addition of 227,000 jobs in January 2017.

    By Mary Sadler
  • uploads///JCP Annual Sales
    Earnings Report

    How Does JCPenney Plan to Seek Sales Growth in Fiscal 2017?

    JCPenney opened 61 new Sephora locations and operated 577 Sephora stores within JCPenney locations by the end of fiscal 2016. The company plans to open 70 new Sephora stores in fiscal 2017.

    By Sirisha Bhogaraju
  • uploads///Amazons Revenue Growth
    Consumer

    Why Amazon’s Top Line Has Been Rising Consistently

    Amazon is expected to announce its 2Q16 earnings results on July 21, 2016. It’s guiding for a revenue range of between $28.0 billion and $30.5 billion.

    By Amit Singh
  • uploads///consistent performance
    Earnings Report

    Will Growing Competition Impact TJX Companies’ 3Q16 Sales?

    The success of off-price retailers such as TJX Companies and Ross Stores (ROST) has been attracting many players to this space. In September 2015, Macy’s opened three off-price Macy’s Backstage stores in New York.

    By Sirisha Bhogaraju
  • uploads///jobless claims
    Macroeconomic Analysis

    Retailers Lose as Jobless Claims Rise in the US

    Retailers were impacted as jobless claims rose in the US for the week ending April 4, 2015. An increase in jobless claims indicates declining household income.

    By Surbhi Jain
  • uploads///valuation
    Company & Industry Overviews

    Nordstrom Trading at Higher Valuation than Department Store Peers

    Nordstrom is currently trading at a higher valuation than its department store peers Macy’s (M) and Kohl’s (KSS)

    By Sirisha Bhogaraju
  • uploads///Macys
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///Kohls
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///Macys update
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///kohls doom
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///best buy upgrade
    Consumer

    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.”

    By Sirisha Bhogaraju
  • uploads///dillards results
    Consumer

    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.

    By Ambrish Shah
  • uploads///Macys
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///JCPenney
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///levis upcoming earnings
    Consumer

    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.

    By Sophia Nicholson
  • uploads///gap stock falls
    Company & Industry Overviews

    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.

    By Sophia Nicholson
  • uploads///Walmart stock
    Consumer

    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.

    By Sophia Nicholson
  • uploads///nike closes stores coronavirus
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///Nordstrom
    Consumer

    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.”

    By Sirisha Bhogaraju
  • uploads///Kohls
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///TJX
    Consumer

    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.

    By Sirisha Bhogaraju
  • uploads///macys closing stores
    Consumer

    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.

    By Sushree Mohanty
  • uploads///Shopify stock
    Technology & Communications

    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.

    By Sophia Nicholson
  • uploads///JCPenney
    Consumer

    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.

    By Sirisha Bhogaraju
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    Consumer

    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.

    By Amit Singh
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