Department store chain Macy’s announced on Monday that it will delay its third-quarter earnings report, which was set to be released on Tuesday. The company made the decision after discovering that one employee hid up to $154 million in delivery expenses between 2021 and...
Department store chain Macy’s won’t sell itself to activist investors Arkhouse and Brigade Capital after all. The company announced this week that the buyout talks with the two investment firms have been terminated.
Arkhouse and Brigade have been engaged in acquisition talks with Macy’s for...
Investment firm Arkhouse and global asset manager Brigade Capital have recently made an improved offer in their attempts to acquire struggling department store chain Macy’s. According to a recent report by The Wall Street Journal, the investment group raised its previous offer by $300...
Macy's Inc cut its full-year earnings and profit forecast after experiencing a slowdown in demand for its high-end products. The retailer's shares declined by 7% on Thursday morning.
The department store company is now expecting its full-year sales to be between $22.8 billion and $23.2...
Macy's Inc stocks jumped by 5% on Thursday after the department store posted positive earnings results, upping its annual forecast for 2023 as a result.
The retail chain's earnings were largely boosted by its decision to offer steep discounts during the holiday period in an...
Announcing its second-quarter results on Tuesday, Macy’s cut its full-year forecast to $4.00-to-$4.20 per share from the previously expected $4.53-to-$4.95 per share. However, this did little to discourage investors as the company’s stock saw a jump of more than 5% at one point following...
