Macy's reports Q4 SSS up 3.9% Reports online sales, including macys.com and bloomingdales.com combined, were up 47.7% in Q4. Online sales positively affected the company’s Q4 same-store sales by 3.3 percentage points and are included in the same-store sales calculation for Macy's, Inc.
J.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.