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Stock Market & Financial Investment News

News Breaks
March 28, 2014
09:07 EDTFINL, MFinish Line sees Macy's partnership generating $175M-$195M in sales this FY
Says optimistic about near and long-term growth prospects. Says will improve digital capabilities. Says will continue with mutli-year core upgrade to supply chain systems. Says will ramp up Macy's (M) partnership by opening up 220 more doors this year, says plans to complete rollout ahead of holiday season. Says committed to returning capital to shareholders. Says Macy's is expected to be "modestly accretive" this year. Sees Running Specialty Group breakeven this year. Sees FY CapEx $90M-$95M.
News For FINL;M From The Last 14 Days
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October 20, 2014
08:11 EDTFINLFinish Line management to meet with Deutsche Bank
Meeting to be held in New York on October 20 hosted by Deutsche Bank.
October 14, 2014
14:17 EDTMMacy's to open 2 hours earlier for Thanksgiving this year, CNN reports
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October 13, 2014
10:06 EDTMJ.C. Penney rises after selecting Home Depot executive as next CEO
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06:15 EDTMJ.C. Penney downgraded to Sell from Neutral at UBS
UBS downgraded its rating on J.C. Penney (JCP) shares to Sell saying the company's 2017 EBITDA target of $1.2B is overly optimistic as it assumes years of market share gains against strong competitors like Macy's (M) and Kohl's (KSS). UBS halved its price target for Penney shares to $5 from $10. The retailer's stock closed Friday down 52c to $7.12.
October 9, 2014
09:41 EDTFINL, MBofA/Merrill retail analysts hold an analyst/industry conference call
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October 8, 2014
13:43 EDTMDepartment stores fall after J.C. Penney cuts view due to difficult environment
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11:13 EDTMMacy's October volatility increases as shares pull back
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09:23 EDTM, FINLCitigroup to hold a tour
Athletic Footwear Mall Tour travels to Roosevelt Field Mall, Garden City, New York on October 8.
October 7, 2014
09:39 EDTMMacy's Q3 revenues tracking to $6.25B vs. consensus $6.392B, says ITG Research
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