Stifel Sees Near-Term Weakness in Macy's (M), But Longer-Term Plan Still Intact
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Macy’s and Tishman Speyer Plan Major Redevelopment in Downtown Brooklyn
August 12, 2015 8:01 AM EDTNEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) and Tishman Speyer today announced they have signed a real estate purchase and sale agreement that will enable a re-creation of Macys Brooklyn store and further enliven one of New York Citys most dynamic, transit-rich neighborhoods.
(Editors Note: Macys, Inc. this morning also issued separate news releases announcing second quarter 2015 sales and earnings, and a joint venture in China.)
Under the agreement, Macys will continue to own and operate the first four floors and lower level of its existing... More
Macy’s Forms Joint Venture with Fung Retailing to Test e-commerce in China
August 12, 2015 8:00 AM EDTAmericas leading fashion retailer to begin selling on Alibaba Groups Tmall Global in late 2015
CINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today announced it has formed a free-standing joint venture with Hong Kong-based Fung Retailing Limited (a privately-held enterprise; see footnote below) to explore retailing in China, one of the worlds largest and fastest-growing consumer marketplaces.
(Editors Note: Macys, Inc. this morning also issued separate news releases announcing second quarter 2015 sales and earnings, and a real estate agreement in Brooklyn.)... More
Macy’s, Inc. Reports Second Quarter Earnings, Adjusts 2015 Guidance and Outlines New Sales Growth Initiatives
August 12, 2015 8:00 AM EDTCINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported sales and earnings for its second quarter of 2015, ended Aug. 1, 2015, and adjusted guidance for 2015. In addition, the company provided updates on key initiatives to grow profitable sales on a short-term and long-term basis.
(Editors Note: Macys, Inc. this morning also issued separate news releases announcing a joint venture in China and a real estate agreement in Brooklyn.)
The companys earnings were 64 cents per diluted share for the second quarter of 2015. This compares with earnings of 80 cents per diluted... More
