Macy’s needs to reignite its creativity by featuring more exciting products in stores and hosting engaging events to attract younger generations back, according to activist investor Barington Capital. Those are just two of several changes the activist investor says are necessary to turn around Macy’s, which once established itself as a premier department store but has struggled to keep up with rapid industry changes and competition.Jim Mitarotonda, the CEO of Barington Capital Group, made it clear that he i ...

New York City, USA - December 1, 2013: Macy's Herald Square New York flagship department store ... [+] during night time. It is located at 151 W 34th St, New York, NY 10001.gettyMacy’s Inc. just reported another disappointing quarter with net sales down 2.4% to $4.7 billion. Not since first quarter 2022 has Macy’s Inc. reported positive year-over-year comps and that due to the post-pandemic bounce.CEO Tony Spring tried to deflect criticism with a statement, “Our third quarter results reflect the positive mo ...

Vancouver, British Columbia--(Newsfile Corp. - December 13, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing (the "Financing") (see Myriad's news release dated November 22, 2024). Under the over-subscribed Financing, Myriad raised gross proceeds of $2,988,600 through the issuance of 7,471,500 units (each, a "Unit") at a price of $0.40 per Unit. Each Unit is ...

I gave a hold rating to Macy's Inc. (NYSE: M ) in September, with my view being that there was no visibility to when growth will inflect positively and that there were near-term uncertainties. I upgrade my rating fromI'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I believe in buying quality companies ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-Q ________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2024. OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13536 ________________________________ Macy's, Inc. ( ...

Macy's has revealed a concealed delivery cost of over $150 million. (Photo by Michael M. ... [+] Santiago/Getty Images)Getty Images Department store chain Macy’s was left reeling this week after the results of an embarrassing accountancy investigation revealed tens of millions of dollars in undeclared costs.As a result, Macy's - which also owns Bloomingdale's and Bluemercury - was forced to slash its annual profit outlook after discovering that a former employee had concealed more than $150 million in deliv ...

Macy’s, Inc. (M) reported third-quarter fiscal 2024 results, wherein the top line surpassed the Zacks Consensus Estimate but the bottom line lagged the same. Both revenues and earnings decreased from the year-ago quarter’s reported figures. Comparable sales (comps) fell on an owned-plus-licensed-plus-marketplace.Macy's strategic initiatives for fiscal 2024 focus on executing its "Bold New Chapter" strategy, which includes strengthening the Macy's brand through investments in staffing and merchandising, acce ...

Macy's, which launched a comprehensive strategy to revive its struggling business, announced Wednesday that it is accelerating its planned store closures for the year. CEO Tony Spring told analysts during an earnings call that Macy’s now expects to close about 65 locations this year, up from its previous forecast of 50 announced at the start of the year.However, Spring added that the "closures will occur post holiday."  The company is still on track with its plans to close 150 locations over three years as ...

Will Macy’s Bold New Chapter strategy be enough to save the iconic company and return it to profitable growth?Macy’s is facing a challenging period marked by declining sales, changing consumer habits and pressure from activist investors calling for a fiscal overhaul. In recent years, the company has dealt with falling revenue and a drop in foot traffic to its stores, as well as the influence of eCommerce competitors. Additionally, most of its new customers are arriving through digital means. At the same tim ...

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 300 points on Wednesday.The Dow traded up 0.49% to 44,296.79 while the NASDAQ rose 1.70% to 20,022.55. The S&P 500 also rose, gaining, 0.89% to 6,088.63.Check This Out: Top 3 Health Care Stocks That May Collapse This QuarterLeading and Lagging SectorsCommunication services shares jumped by 3.1% on Wednesday.In trading on Wednesday, health care shares fell by 1%.Top HeadlineMacy's Inc M reported third-quarter sales ...