Macy’s, Abercrombie Sales Disappoint in Tough Holiday Season
Macy’s Inc. issued a downbeat outlook for sales in the current quarter, a sign that executives might have been too optimistic about their expectations for a solid holiday shopping season.
Macy's expects holiday-quarter sales below prior expectation
Macy's said on Monday it expects fourth-quarter net sales to be slightly below the low-end of the previously issued range of $7.8 billion to $8.0 billion.
Macy’s shares slide after retailer says holiday sales could be weaker than expected
Macy’s Inc. shares are down 1.8% in premarket trading Monday after the retailer warned that holiday sales could be weaker than expected. In an update early Monday, Macy’s said that fourth-quarter sales will be at or slightly below the low end of the company’s outlook.
Macy’s Warns of Weak Holiday Sales, Knocking Stock
Macy’s warned of weaker revenue in the crucial year-end period, saying net sales will likely come in at the low end or slightly below its previously guided range of $7.8 billion to $8 billion. The retailer's stock (M) fell 8% Monday.
Macy’s Trims Sales Outlook After Holidays Didn’t Deliver
Macy’s Inc. issued a slightly more downbeat outlook for sales in the current quarter, a sign that executives might have been too optimistic about their expectations for a solid holiday shopping season.
Macy's Stock Dips After Lower Sales Outlook: Retail Mood Sours
Shares of department store Macy’s Inc. ($M) dropped 8% on Monday after the company lowered its sales outlook for its fourth-quarter, dampening retail sentiment. It now expects its net sales to come in between $7.
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Macy's lists 66 'underproductive' stores set for closure; over 80 closures still to come
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Macy's to close nine New York stores. Is your store on the list?
Nine New York Macy's stores will close their doors as part of a revitalization plan the company announced last year.
Macy's wants Bloomingdale's, Bluemercury to stay put
Macy's CEO Tony Spring, who is trying to turn around the company, wants to prove to the public markets that its three-brand ...
Macy’s to close 66 stores, including Staten Island Furniture Gallery. What to know about clearance sales, gift cards and more.
Sites slated for closure are scattered across 22 states. Other NYC stores on the chopping block include 2 locations in ...