Macy's (M) has announced the nomination of a new director to its board. This comes as Arkhouse Management seeks to establish a confidentiality agreement with the retailer. Hibbett (HIBB) shares are falling after the company missed fourth quarter sales estimates. The sporting goods retailer cited wage increases and an intense promotional environment as key pressures that weighed on margins during the quarter. Groupon (GRPN) shares are under pressure after the company reported fourth quarter revenue fell short of expectations. This setback comes as Groupon undergoes a restructuring aimed at boosting its financial performance. Yahoo Finance's Seana Smith and Bradley Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Full Year Net Sales Grow Marginally; Earnings Per Share Decline
BIRMINGHAM, Ala., March 15, 2024--Hibbett, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, provided financial results for its fourth quarter and full year ended February 3, 2024, ("Fiscal 2024") and business updates.