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Stock Market & Financial Investment News

News Breaks
April 1, 2014
06:24 EDTMMacy's names Jeffrey Gennette as president, effective immediately
Macy’s yesterday announced that Jeffrey Gennette, who has served for the past five years as Macy’s chief merchandising officer, has been elected president of the corporation, effective immediately. He will report to Terry J. Lundgren, Macy’s chairman and CEO, and continues to be based in New York City. In this new role, Gennette will retain day-to-day responsibility for Macy’s merchandising functions, as well as oversight of marketing and macys.com. In addition, he assumes oversight responsibility for Macy’s Private Brands organization.
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December 19, 2014
09:20 EDTMMacy's sales soft through mid-December, says Cleveland Research
Cleveland Research said Macy's sales are tracking in the range of +1% to +2% through mid-December, vs. consensus of +2.2%. The firm said soft customer traffic trends remain the primary headwind for the quarter. Shares are Buy rated.
December 16, 2014
10:41 EDTMMacy's initiated with an Outperform at Cowen
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December 9, 2014
10:23 EDTMOn The Fly: Analyst Downgrade Summary
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08:14 EDTMMacy's downgraded at Atlantic Equities
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08:06 EDTMMacy's downgraded to Neutral from Overweight at Atlantic Equities
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