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Retail Job Losses: Does This Point Toward Protracted Sectoral Weakness?
Friday, June 9, 2017 - 3:36pm | 1033That the retail sector is struggling is no secret. Brick-and-mortar stores are reeling under the impact their online counterparts are having on the way things are bought. Several of them are closing down underperforming stores, while some of them are going out of the business — arguably...
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Macy's Biggest Foe Isn't Amazon... It's Other Brick & Mortar Retailers
Wednesday, March 8, 2017 - 3:09pm | 356Retail investors who think Amazon.com, Inc. (NASDAQ: AMZN) is Macy's Inc (NYSE: M)'s biggest threat are plain wrong, at least according to the fashion retailer's own chief financial officer. According to CNBC, Macy's CFO Karen Hoguet said on Wednesday at the UBS Consumer & Retail Conference...
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Did Macy's Really Blame Poor Sales On Netflix And Lipstick?
Thursday, March 26, 2015 - 10:24am | 254Macy's, Inc. (NYSE: M) Chief Financial Officer Karen Hoguet on Tuesday blamed the company's weakness in the luxury retail market on Netflix Inc. (NASDAQ: NFLX) and lipstick. Seriously. The executive's comments were made at an industry conference, and picked up by MarketWatch...
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Highlights From Macy's Q1 2014 Earnings Conference Call
Wednesday, May 14, 2014 - 2:32pm | 333Macy's (NYSE: M) CFO Karen Hoguet carried an optimistic tone in the company's Q1 2014 conference call on Wednesday following the earlier release of the Q1 earnings report. Hoguet began the call by providing a brief overview of Macy's Q1 results then launched into an extended Q&A session....
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Macy's To Beat Analyst Estimates And Cut Jobs
Thursday, January 9, 2014 - 9:34am | 590What a difference a few months can make. Macy’s (NYSE: M), the country’s second-largest department store chain, said it would beat analysts' estimates for profit through January 2015. In a statement, the company forecast profits per share of $4.40 to $4.50. According to Bloomberg, the average...
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Abbreviated Holiday Season Will Cost Stores $1.5 Billion
Wednesday, November 6, 2013 - 12:49pm | 588If you are wondering why more retailers are opening on Thanksgiving Day this year, the calendar might have a lot to do with it. Thanksgiving is on November 28, the latest it has been since 2002. That means six fewer days between Thanksgiving and Christmas and that translates to about $1.5...
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Macy's Will Ramp Up Marketing To Counter Slow Sales (M)
Thursday, August 15, 2013 - 10:58am | 537In the world of retail, disappointing numbers are a call to action. In the case of Macy’s (NYSE: M), a 1.6 percent decline in Q2 transactions will result in renewed efforts on the marketing front going into the second half of the year, according to The Wall Street Journal. The idea is to get...