Macy’s Announces Plans for 35 to 40 Store Closings
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/19/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
Cowen Remains Bullish on Macy's (M) Following Announced Store Closures
September 9, 2015 11:54 AM EDTCowen reiterated an Outperform rating and $70.00 price target on Macy's (NYSE: M) following the company's announcement to shutter 35 to 40 stores in early 2016. Analyst Oliver Chen believes that shrinking the fleet size is likely prudent as M makes greater investment in its online business.
Chen commented, "Yesterday AMC, M announced... More
Macy's (M) to Close Up to 40 Underperforming Stores
September 8, 2015 4:30 PM EDTMacy's (NYSE: M) announced plans to close 35 to 40 underperforming Macys stores representing approximately 1 percent of the total Macys, Inc. sales in early 2016 as the company works to optimize its omnichannel approach to customers across America.
Physical stores remain absolutely vital to our omnichannel strategy, which provides local touchpoints and tailored merchandise assortments for shoppers in nearly every major market, said Terry J. Lundgren, Macys, Inc. chairman and chief executive officer. As new shopping centers are opened, however, many customers change their shopping habits and often the sales volume of a store gets... More
