|Day's Range||2.6000 - 2.6000|
A gulf in spending patterns between wealthy Americans and so-called "aspirational" shoppers is driving luxury retailers to search out new sources of revenue and, in some cases, to shift their merchandise strategies, several retailers said. Jewelry company Signet, which owns brands including Kay, Jared and Zales, was the latest retailer to link lagging sales to a downturn in spending by so-called "aspirational" customers, who occasionally purchase goods priced between $300 and $800, but are more sensitive to the cost of essentials. Signet noticed a sales decline in fashion jewelry priced below $5,000 in April, a trend that continued into June.
It looks like Macy's, Inc. ( NYSE:M ) is about to go ex-dividend in the next four days. The ex-dividend date is one...
e.l.f. Beauty and Macys are part of the Zacks Bull and Bear of the Day article.
Investors should look to take their lumps in this struggling retail name.
Fool.com contributor and finance professor Parkev Tatevosian reviews Macy's (NYSE: M) latest earnings and answers if long-term investors should buy the stock. *Stock prices used were the afternoon prices of June 3, 2023.
NEW YORK, June 05, 2023--The nation’s biggest Independence Day party will fill the night sky with jaw-dropping sparkles as the 47th Annual Macy’s 4th of July Fireworks® caps off Independence Day with an explosive celebration! On Tuesday, July 4th at approximately 9:25 p.m., Macy’s will begin its signature pyrotechnic salute to America, featuring an array of dazzling shells and effects that will captivate spectators live in New York City and on television from sea to shining sea. This year’s reve
Macy's, Inc. ( NYSE:M ) will pay a dividend of $0.1654 on the 3rd of July. The dividend yield will be 4.3% based on...
Department store operator Macy's (NYSE: M) is having all sorts of trouble navigating a difficult economic environment. The good news is that Macy's is still turning a profit. Through improved inventory management and operational efficiencies, the retailer has managed to prevent its gross margin from dropping despite the tumbling sales.
The major stock indexes closed higher Thursday despite some disappointing news on the consumer from Macy's and Dollar General. On Friday, all eyes will be on the May jobs report. Economists are expecting 195,000 jobs were added last month.
As the pull back in consumer spending continues to impact retailers, the Yahoo Finance Live team takes a look at shares of Macy's, Dollar General, and Nordstrom. Shifting to the auto industry, EV maker Lucid's stock dropped after announcing a new stock offering. On the AI front, C3.ai shares plunged after the company issued a disappointing outlook.
Macy's (M) reports an earnings beat in first-quarter fiscal 2023. However, sales were soft due to a comparable sales decline of 7.9% on an owned basis.
M earnings call for the period ending March 31, 2023.
High inflation and economic uncertainty has led consumers to pull back on their spending. Forrester Research Retail Analyst Sucharita Kodali explains what the impact will be on retail stocks.
U.S. stock indexes rose by midday trading on Thursday as investors cheered passage of a bill by lawmakers to suspend the nation's debt ceiling amid bets that the Federal Reserve will skip raising interest rates in its next meeting. The bill to suspend the $31.4 trillion debt ceiling headed to the Senate, which must enact the measure before a Monday deadline, when the government is expected to run out of money to pay its bills.
Weak profit forecasts from department store chain Macy's to discounter Dollar General on Thursday underscored the fragile health of the U.S. consumer as persistent inflation curbs spending. Several U.S. retailers said sales have ebbed as consumers react to higher prices for food and other essentials. Broadly, U.S. consumer spending trends showed resilience in the face of high inflation, but big-ticket purchases suffered.
Cracker Barrel's (CBRL) fiscal third-quarter performance is likely to have benefited from its off-premise business model, bundled holiday offerings and optimized marketing strategy.
Academy Sports and Outdoors (ASO) first-quarter 2023 results are likely to reflect inflation and supply-chain disruptions.
Dave & Buster's (PLAY) fiscal first-quarter performance is likely to have benefited from its Special Events business, digital initiatives and entertainment offerings.
(Bloomberg) -- Macy’s Inc. said earnings will be weaker than previously expected for the full-year, underscoring the uncertainty around US consumer spending through the remainder of 2023. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceDebt-Limit Deal Passes the House, Easing US Default ConcernsBillionaire Perot Warns of Real Estate Recession as Loans D
Macy's and Dollar General are feeling the pinch of U.S. consumers reining in spending amid elevated inflation and higher interest rates. Yahoo Finance Live breaks down the two retailers' earnings reports to find out what they tell us about spending.
Although the revenue and EPS for Macy's (M) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Today's top stories: The House has passed the debt ceiling bill. Traders are now betting the Fed will pause at its next meeting. Growing concern about the consumer after Macy's slashed its outlook for the entire year.
Macy's (M) delivered earnings and revenue surprises of 21.74% and 1.20%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?