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News Breaks
January 3, 2013
08:09 EDTMMacy's to close 6 stores in early Spring 2013, confirms plans for 9 new stores
Macy’s detailed a series of normal-course adjustments to its portfolio of Macy’s and Bloomingdale’s stores across the country. The company said it will close the six stores in early spring 2013. Final clearance sales will begin on Monday, Jan. 7, at five Macy’s locations and on Sunday, Jan. 6, at Bloomingdale’s Fashion Show, and run for between seven and 11 weeks. In conjunction with these store closings, an estimated $2M-$4M of costs will be booked in 4Q12. These costs were not previously included in earnings guidance provided by the company, Macy's said. As previously announced, nine new and replacement Macy’s and Bloomingdale’s stores are currently planned and/or under construction. One new Bloomingdale’s Outlet store is being announced, the company said.
News For M From The Last 14 Days
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April 10, 2015
10:00 EDTMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bemis (BMS) upgraded to Buy from Neutral at BofA/Merrill... Gigamon (GIMO) upgraded to Outperform from Market Perform at William... Global Payments (GPN) upgraded to Overweight from Equal-Weight at First Analysis... Knight Transportation (KNX) upgraded on valuation, catalysts at Stifel... Macy's (M) upgraded to Buy from Neutral at Buckingham... Netflix (NFLX) upgraded to Buy from Neutral at Citigroup... Reckitt Benckiser (RBGLY) upgraded to Buy from Neutral at UBS... Union Pacific (UNP) upgraded on valuation, growth outlook at Stifel... Weatherford (WFT) upgraded to Outperform from Sector Perform at RBC Capital.
08:24 EDTMMacy's upgraded at Buckingham
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07:51 EDTMMacy's upgraded to Buy from Neutral at Buckingham
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April 9, 2015
09:18 EDTMBofA/Merrill retail analysts hold an analyst/industry conference call
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