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Macy's has joined several US retailers in signaling that shoppers were holding off buying clothing and accessories in the face of economic uncertainty

Macy's forecasts 2025 sales, profit below expectations

Macy's has today forecast annual sales and profit below Wall Street's expectations, joining several US retailers in signaling that shoppers were holding off buying apparel and accessories in the face of economic uncertainty.

Business • 06 Mar

Macy's surprise announcement today has amplified concerns of an uncertain holiday season

Macy's delays third quarter report on accounting issue

Macy's has delayed the publication of its third-quarter results due to an accounting issue tied to delivery expenses and instead posted preliminary results in which its sales missed Wall Street expectations.

Business • 25 Nov 24

Macy's now expects annual net sales of $22.1 billion to $22.4 billion, compared with its prior forecast of $22.3 billion to $22.9 billion.

Macy's forecasts sales hit from steep promotions

Macy's lowered its annual net sales forecast today, blaming higher promotions and weak demand for upscale apparel and accessories from deal-hungry consumers in the US, sending its shares down 12%.

Business • 21 Aug 24

US department store chain Macy's has ended talks with an investor group which sought to buy the company for roughly $6.9 billion

Macy's ends buyout talks on valuation worries

Macy's has ended its buyout talks with Arkhouse Management and Brigade Capital due to uncertainty over financing and valuation and said it would now concentrate on its turnaround efforts, sending its shares down 15% today.

Business • 15 Jul 24

US retail giant Macy's has today raised its profit forecast for the year

Macy's lifts annual profit forecast amid new CEO's revamp

Macy's has today raised its profit forecast for the year, as its new CEO's turnaround plan helped to shield the department store chain from falling sales due to a cautious consumer.

Business • 21 May 24

Macy's said today it would close 150 stores up to 2026 in a new turnaround plan

Macy's forecasts annual sales below estimates

Macy's forecast annual sales below market expectation on weak demand for its apparel and shoes and said it would close 150 stores up to 2026 in a new turnaround plan.

Business • 27 Feb 24

Like other legacy department store operators, Macy's has struggled to compete against younger, online competitors or peers with smaller brick-and-mortar footprints

Macy's rejects Arkhouse's $5.8 billion bid

Macy's said it has rejected Arkhouse Management and partner Brigade Capital Management's $5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation.

Business • 22 Jan 24

Macy's shares are down nearly 16% this year

Macy's investors mount $5.8 billion buyout bid

An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy's private, according to a person familiar with the matter on Sunday.

Business • 11 Dec 23

Merchandise inventories at the Bloomingdale parent were down 6% year-over-year and down 17% compared to 2019

Macy's smashes profit estimates as margins improve

Macy's has today crushed analysts' estimates for quarterly profit as the department store operator's margins benefited from better inventory management and lower freight costs, sending its shares up about 8% premarket.

Business • 16 Nov 23

Macy's said it would need to discount further in the second quarter to clear out spring and early summer stocks as consumer spending weakens

Macy's cuts annual forecasts as customers curb spending

Macy's has today cut its full-year sales and profit forecasts, hurt by a slowdown in demand for high-end products and increased discounts due to persistently high inflation.

Business • 01 Jun 23

Macy's offered steep discounts over the Christmas shopping period to get rid of excess inventory and attract inflation-weary consumers

Macy's gives upbeat annual forecast

Macy's has today posted better-than-expected results for the Christmas quarter and forecast annual profit largely above estimates as the department store chain looks to cut back on promotions to protect margins, sending its shares up 5%.

Business • 02 Mar 23

Macy's is seeing resilient demand for high-end suits, dresses and beauty products as wealthier shoppers are undeterred by inflation

Macy's ups annual profit forecast on firm luxury demand

Upscale department store chain Macy's has today raised its annual profit forecast on resilient demand for high-end suits, gowns and beauty products as wealthier shoppers were undeterred by inflation.

Business • 17 Nov 22

Macy's said it will need to offer more discounts to get rid off excess inventories of casual and athleisure clothing

Macy's says seeing inflation hitting demand

Macy's has today cut its full-year sales and profit forecasts, with the company saying it will need to offer more discounts to get rid off excess inventories of casual and athleisure clothing, even as demand for luxury products holds up.

Business • 23 Aug 22

Same-store sales at Macy's owned stores open for at least a year surged 28.3% in the fourth quarter ending January 29

Macy's forecasts strong 2022 after Christmas sales bump

Macy's has decided against a push by an activist investor to spin off its online business and forecast better-than-expected annual sales after a bumper Christmas season, during which it kept its shelves well-stocked.

Business • 22 Feb 22

Macy's said it expects full-year net sales of $24.12 billion to $24.28 billion

US department stores brush off supply fears

Macy's and Kohl's raised their full-year sales and profit outlook today as efforts to overcome supply chain issues help the US department store operators stock up shelves in time for the key end of the year shopping season.

Business • 18 Nov 21

Macy's said it expects comparable sales of owned and licensed stores to fall by a low to mid-20s percentage in the autumn season

Covid-19 casts a shadow over Macy's Christmas outlook

Macy's has reported a more than 20% drop in quarterly comparable sales and said it expects that loss to continue into autumn, indicating a tough Christmas season for the Covid-battered department store chain.

Business • 19 Nov 20

Macy's shares have lost nearly 60% of their value so far this year

Macy's posts smaller than expected quarterly loss

Macy's has reported a smaller than expected quarterly loss and beat sales estimates, as shoppers stuck indoors due to the Covid-19 pandemic bought more clothing using the department store chain's app and website.

Business • 02 Sep 20

Macy's has faced a huge slump in traffic at its stores, especially those in shopping centres and urban areas harder hit by lockdowns

Macy's posts $3.58 billion in quarterly losses

Macy's has today reported a staggering $3.58 billion loss for its coronavirus-hit first quarter as store shutdowns resulted in the department store chain recording a $3 billion impairment charge.

Business • 01 Jul 20

Macy's has forecast first-quarter sales in the range of $3 billion to $3.03 billion, down from $5.50 billion a year earlier

Macy's warns of up to $1 billion quarterly loss

Macy's said today it could rack up operating losses of up to $1.11 billion in the first quarter, as the retailer was forced to shut stores due to Covid-19 lockdowns in the US.

Business • 21 May 20

Shares at Macy's tumbled 16% after today's trading update

Macy's shares sink after it trims sales forecast

Macy's has today cut its comparable sales forecast for the Christmas quarter while year-end sales growth at rival Kohl's Corp disappointed investors.

Business • 10 Jan 19

Macy said its first-quarter same-store sales rose 4.2%, easily beating Wall Street's 1.4% average estimate

Macy's shares surge as sales & profits beat forecasts

Macy's said a stellar performance at its businesses helped push quarterly same-store sales and profit well above Wall Street estimates.

Business • 16 May 18

Macy's net sales fell 6.1% in the third quarter to $5.28 billion, declining for the 11th quarter in a row

Macy's third quarter sales disappoint Wall Street

Department store chain Macy's today reported a bigger-than-expected drop in third-quarter comparable store sales.

Business • 09 Nov 17

Macy's shares fell as much as 11% today to levels last seen in 2011 after its disappointing results

Macy's reports bigger than expected fall in Q1 profits

US department store operator Macy's has today reported a much bigger than expected drop in quarterly profit and sales.

Business • 11 May 17

Macy's blamed poor second quarter sales on "continuing uncertainty" among consumers about the US economy

Macy's sales disappoint

Retailer Macy's has reported an unexpected decline in sales.

Business • 14 Aug 13

Macy's fourth quarter profits beat expectations

Macy's profit beats Wall Street expectations

Macy's reported a fourth quarter profit that beat Wall Street expectations as its strategy of tailoring merchandise to local markets paid off during the key Christmas season.

Business • 26 Feb 13

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