Macy's Inc
CNBC Every day Open: Inflation, earnings and the American shopper
A look at of the Stuart The Minion balloon in the course of the 2022 Macy’s Thanksgiving Working day Parade on November 24, 2022 in New York Town. Noam Galai | Getty Visuals Enjoyment | Getty Images This report is from present day CNBC Daily Open up, our new, international marketplaces e-newsletter. CNBC Day-to-day Open […]
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No more freebies: Companies crack down on customer perks and rewards
Shoppers at Brickell City Centre in Miami, Florida, US, on Wednesday, June 14, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images It’s not your imagination: Companies are getting stingier with customer rewards. Airlines are making it harder to earn elite status. Retailers have tightened return windows and tacked on fees. Dunkin’ and Sephora are […]
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Goldman Sachs names ‘directors’ cut’ conviction record stocks — and adds 2 names
Goldman Sachs highlighted a slew of stocks on its U.S. “conviction checklist — director’s slice” variety, naming many “most differentiated get suggestions,” in an August 1 exploration take note. Goldman’s “directors’ slice” is a checklist of stocks chosen by its U.S. exploration analysts and supervisors. The lender collated a checklist of “top rated tips that […]
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As Macy’s stock struggles, the retailer bets on private brands with more modern looks
Macy’s launch event for its new private brand, On 34th, also marked one of the first public appearances by Tony Spring (left) since he was named incoming CEO. Spring is CEO of the company’s higher-end department store chain, Bloomingdale’s. He will succeed Jeff Gennette (right) in February. Melissa Repko | CNBC NEW YORK — Macy’s, […]
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Retailers tap into Barbie’s sparkle and hot pink as they try to get thrifty consumers to spend
Bloomingdale’s is just one of the retailers and brands trying to tap into Barbie buzz. It has a pop-up with exclusive Barbie-inspired apparel and accessories, along with a life-sized Barbie box where shoppers can strike a pose. Bloomingdale’s NEW YORK CITY — In the middle of Manhattan, shoppers can step inside of a life-sized Barbie […]
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Levi Strauss shares drop after retailer slashes guidance on weak wholesale revenue
Levi Strauss on Thursday drastically cut its profit outlook for the year after the apparel retailer reported a steep drop off in wholesale revenues and soft sales in the U.S., its largest market. The blue jean seller saw bright spots, however, in its direct-to-consumer sales and China market. Shares dropped more than 6% in extended […]
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This map shows where Bed Bath & Beyond stores are being replaced by other retailers
A Burlington and a Bed Bath and Beyond store Getty Images Bed Bath & Beyond locations across America will soon be replaced by Burlington Stores outposts and a range of other businesses, after the failed home goods retailer auctioned off its leases as part of its bankruptcy proceedings, court records show. The doomed big-box store […]
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Purchasing platform Shein poised to consider main U.S. current market share. UBS thinks these companies will be hurt most
Some big-title U.S. retailers could battle as Chinese e-commerce corporation Shein gains ground in the nation, UBS warned. Shein’s newest fundraising force place the business at a $66 billion valuation, according to a Wall Road Journal report. The Journal also documented that the Chinese rapidly-trend firm noticed $23 billion in earnings past 12 months with […]
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Cramer: This is my sport strategy for the 7 days in advance just after Friday’s surprise rally
What the heck definitely did materialize on Friday, when the Dow jumped 700 points on a potent employment looking at ? Why these kinds of a viscerally positive reaction to an employment variety that was hotter than expected? Was it mainly because wages did not spike? Was it all that excellent — a Goldilocks report? […]
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Macy’s slashes its full-year outlook even as earnings beat
Macy’s shares fell on Thursday, as the retailer slashed its full-year outlook and said it saw sales significantly weaken in late March. The company’s stock dropped as much as 10% in premarket trading even as it beat first-quarter earnings expectations. related investing news The department store operator said it now expects sales of $22.8 billion […]
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