Markets

Macy’s slips after slashed profit forecast adds to holiday-season jitters

Macy’s reported disappointing third-quarter earnings Thursday that showed a decline in same-store sales and a slashed full-year outlook. Shares fell as much as 9.1% in early trading on the news. The department store has struggled to make meaningful gains during a tough year for retailers. Watch Macy’s trade live on […]
Macy’s slips after slashed profit forecast adds to holiday-season jitters
Markets

‘The Retail Doctor’ says Macy’s restructuring plan is not bold enough

Macy’s on Tuesday announced it is cutting 100 management jobs as part of a restructuring plan. The restructuring plan “doesn’t seem bold enough” to help boost customer demand, “The Retail Doctor” said. Department stores like Macy’s should focus on building connections with customers especially under the impact of e-commerce, he […]
‘The Retail Doctor’ says Macy’s restructuring plan is not bold enough
Markets

Macy’s beats and announces a restructuring plan

Macy’s beat on both the top and bottom lines, but reported a smaller-than-expected rise in same-store sales. The retailer announced a restructuring plan to streamline its management structure and improve its profitability. Shares were little changed after the results. Watch Macy’s trade live. Macy’s reported better-than-expected sales and profits for […]
Macy’s beats and announces a restructuring plan