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 […]
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 […]
Under Armour beat on both the top and bottom lines. The company also said its inventory decreased 12% year-over-year. The sporting-apparel maker reiterated its guidance provided at its December 12, 2018 investor day. Watch Under Armour trade live. Under Armour jumped 7% to $US22.25 a share on Tuesday after the […]
Deutsche Bank's newly installed CEO John Cryan...