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News Breaks | | | | September 28, 2012 | | 06:57 EDT |  | FINL, M | Finish Line to become exclusive partner of athletic shoes for Macy's
Macy’s (M) and The Finish Line (FINL) announced that Finish Line-branded athletic footwear shops will be opened in more than 450 Macy’s department stores in the U.S. and online at macys.com. The rollout process for the 450+ locations, which will be operated by Finish Line as leased departments, will start in Spring 2013 with completion expected by Fall 2014. For the remaining approximately 225 Macy’s stores that carry footwear, Finish Line will manage the athletic footwear assortment and inventory beginning in Spring 2013, without the staffing or branding provided in the leased departments. Athletic shoe assortments selected by Finish Line also will be available on macys.com, beginning in Spring 2013, subject to the signing of a final online agreement. Finish Line will be Macy’s exclusive partner for men’s, women’s and kids athletic footwear and Macy’s will be the exclusive host for Finish Line-branded in-store shops. Finish Line will recognize sales and corresponding profits, less the licensing fee paid to Macy’s. Longer term, this agreement is expected to result in additional sales to Finish Line of $250M-$350M annually. | |
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News For FINL;M From The Last 14 Days Check below for free stories on FINL;M the last two weeks. |
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| May 15, 2013 | | 16:24 EDT |  | M | On The Fly: Closing Wrap
 Subscribe for More Information | | | 15:34 EDT |  | M | Macy's price target raised to $54 from $46 at Credit Suisse
Subscribe for More Information | | | 12:28 EDT | | M | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:11 EDT | | M | Macy's sees Q2 sales down less than previously thought
Although Macy's sees Q2 sales down sequentially, the company now sees less of a difference than previously thought. On the Q1 earnings call the CFO said, "I would add though that while we still expect Q2 sales to fall below that in Q1, we now expect the spread between the first and second quarters to be by less than the 200-300 basis points we had mentioned in February. We believe we will get a benefit in the second quarter as the weather finally begins to get warmer." | | | 09:23 EDT |  | M | Macy's hits a new life high after results, levels to watch
Subscribe for More Information | | | 09:19 EDT | | M | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:05 EDT |  | M | Macy's affirms view of FY13 EPS $3.90-$3.95, consensus $3.92
Subscribe for More Information | | | 08:04 EDT | | M | Macy's raises dividend to 25c from 20c, ups buyback authorization by $1.5B
Macy’s board of directors has authorized an increase in the quarterly dividend on Macy's common stock to 25c per share from the current 20c per share. The new dividend will be payable July 1 to shareholders of record at the close of business on June 14. The board also has increased the company’s share repurchase authorization by $1.5B. This brings the remaining authorization outstanding, as of the end of the first quarter on May 4, after giving effect to this increase, to approximately $2.6B. | | | 08:01 EDT | | M | Macy's reports Q1 EPS 55c, consensus 53c
Reports Q1 revenue $6.39B, consensus $6.39B. Reports Q1 comparable sales up 3.8%. | | | May 14, 2013 | | 15:30 EDT | | M | Notable companies reporting before tomorrow's open
Subscribe for More Information | | | | 15:24 EDT |  | M | Macy May 47 straddle priced for 3.7% move into Q1
Subscribe for More Information | | | 08:06 EDT |  | FINL | BofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am. | | | May 13, 2013 | | 14:17 EDT | | M | Macy's May volatility elevated at 44 up into Q1 and outlook
Macy's May call option implied volatility is at 44, June and August is at 23; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 15. | | | 09:39 EDT | | M | Macy's shares slip, levels to watch
Subscribe for More Information | | | 09:36 EDT |  | M | Macy's downgraded at Northcoast
As previously reported, Northcoast downgraded Macy's to Neutral from Buy. The firm cites valuation for the downgrade. | | | 09:33 EDT | | M | Macy's downgraded to Neutral from Buy at Northcoast
Subscribe for More Information | | | May 9, 2013 | | 15:20 EDT | | M | Macy's price target raised to $56 from $50 at Maxim
Subscribe for More Information | | | May 8, 2013 | | 07:44 EDT | | M | BofA/Merrill's retail analysts hold an analyst/industry conference call
Specialty Retail Analyst Hutchinson provides an update on April monthly sales, earnings and industry trends on an Analyst/Industry conference call. Relevant covered companies BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, FDO, FL, GPS, KR, KSS, LOW, M, NDN, PLCE, SKS, SWY, TGT, TJX, WMT and ZLC may be included on the Analyst/Industry conference call to be held on May 9 at 1 pm. | | | May 7, 2013 | | 10:00 EDT |  | M | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 06:17 EDT | | M | Macy's initiated with a Market Perform at Wells Fargo
Price target range $43-$47. | | |
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