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Stock Market & Financial Investment News

News Breaks
March 21, 2013
12:02 EDTMMacy's to invest over $35M to expand Arizona fulfillment center
Macy’s announced that it will expand its online order fulfillment center in Goodyear, AZ, to accommodate continued sales growth as part of the company’s omnichannel strategy. The company is expected to invest more than $35M in capital in the project. The Goodyear facility, with 600,000 square feet of space, was built by Macy’s, Inc. and opened in spring 2008. The expansion will add 360,000 square feet of space. Construction is expected to begin this summer so the expanded facility, with a total of 960,000 square feet, can be operational in spring 2014. The Goodyear fulfillment center currently employs more than 500 full-time-equivalent associates. With the expansion, employment is expected to grow to more than 625 full-time equivalents.
News For M From The Last 14 Days
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September 15, 2014
08:32 EDTMMacy's, Bloomingdales to launch same-day delivery in fall 2014
Macy’s (M) outlined its latest advancements in omnichannel strategy and technology as the company continues to add new dimensions for attracting shoppers and serving the needs of individual customers. Macy’s and Bloomingdale’s will help launch Apple (AAPL) Pay, same-day delivery to be piloted in fall 2014, new POS technology and customer service enhancements in testing, new apps, web functionality and mobile wallet launched, and its RFID is being expanded to fashion categories.
September 11, 2014
10:00 EDTMOn The Fly: Analyst Downgrade Summary
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09:18 EDTMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: lululemon (LULU), up 15%... Sigma Designs (SIGM), up 7%. ALSO HIGHER: JDSU (JDSU), up 13.8% after announcing that it will separate into two publicly traded companies... Wet Seal (WTSL), up 4.5%, upgraded at B. Riley following Q2 earnings results... Gogo (GOGO), up 5% after announcing partnership with T-Mobile (TMUS)... Digital Ally (DGLY), up 8.4% after announcing plans to introduce "bullet camera" option at October police conference. DOWN AFTER EARNINGS: Restoration Hardware (RH), down 5%... Five Below (FIVE), down 5.6%. LOWER: Radio Shack (RSH), down 8% after reporting Q2 losses, stating that it may need to pursue bankruptcy... E2open (EOPN), down 29%, downgraded at Pacific Crest and Northland after the company announced preliminary Q2 earnings results... Twitter (TWTR), down 1% after announcing that it will offer $1.3B in convertible unsecured senior notes... Crocs (CROX), down 2.6% after downgraded at Buckingham... Macy's (M), down 1.3% after downgraded at Sterne Agee.
08:19 EDTMMacy's downgraded at Sterne Agee
As noted earlier, Sterne Agee downgraded Macy's to Neutral from Buy. As reasons for the downgrade, the firm cited valuation and its belief that the company's SSS and EBIT growth are unlikely to accelerate. Target $62.
06:05 EDTMMacy's downgraded to Neutral from Buy at Sterne Agee
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September 9, 2014
14:54 EDTMApple announces Apple Pay
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