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Stock Market & Financial Investment News

News Breaks
August 13, 2014
10:44 EDTMMacy's sees Q3 SSS lower than Q4
Sees 2H total sales growth approximately 30bp lower than comp growth. Sees gross margin rate flat to down slightly for the year. Says "feels good" about back half of the year. Says "comfortable" maintaining FY14 EPS guidance. Says women's, men's sporstwear, non-athletic shoes were weakest categories in Q2. Says internet-generated demand growing. Says back-to-school sales have been "good," sees "click and collect" helping during holiday season. Says consumers dealing with economic environment that is improving, "at best, gradually." Comments made on the Q2 earnings conference call.
News For M From The Last 14 Days
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October 23, 2014
08:41 EDTMBuild-A-Bear partners with Macy's to open shop-in-shop locations for holidays
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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.

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