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Macy’s Inc (NYSE:M) and J C Penney Company Inc (OTCMKTS:JCPNQ) To Consider Reinventing Their Business Operations

Macy’s Inc (NYSE:M) and JC Penny are currently facing the same problems. To get to the point of thriving once again, they must consider reinvention instead of just reorganization. Experts think that the two businesses need to address the main issues. Anticipated changes Macy’s and Penny are known for having quite a significant number of […]

Macy’s Inc (NYSE:M) Raises $4.5 billion Including $3.15 Billion I Borrowed Against Its Assets

Macy’s Inc (NYSE:M) reportedly used its real estate assets as collateral to take out a loan worth $3.15 billion, which is part of the $4.5 billion that the company recently just as stores are starting to reopen. The first quarter of 2020 was quite rough on many companies, including Macy’s due to the massive negative […]

Macy’s Inc. (NYSE:M) To Close 125 Stores In The Next Two Years As It Continues To Struggle With Sales

Macy’s Inc. (NYSE:M) has announced that it will close 125 stores in the next there year as well as cut around 2,000 corporate jobs as it shutters its Cincinnati headquarters as well as the San Francisco tech offices. The company will shift all its headquarter roles to New York. Macy’s to shut 125 underperforming stores […]

Macy’s Inc. (NYSE:M) To Close More Locations In 2020 Following Decline In Store Sales

Macy’s Inc. (NYSE:M) will close around 19 of its location in the next few months as the company continues to shutter more stores. Officials have, however, not confirmed the stores they are shuttering. Macy’s to over a dozen stores The company indicated that it continues to review its store portfolio regularly, and it plans to […]

Macy’s, Inc. (NYSE:M) Tests Same-Day Shipping, Bad News For Amazon (AMZN)?

Dallas, Texas 09/09/2014 (ustradevoice) – Macy’s, Inc. (NYSE:M) is testing same-day shipping service. Analysts believe the move is ambitious and could usher in great benefits for the retailer. However, Amazon.com Inc. (NASDAQ:AMZN) and Google Inc (NASDAQ:GOOG) may be on the receiving end as they are also expanding their same-day shipping service. Macy’s plunge into same-day […]

Macy’s, Inc. (NYSE:M) Earmarks $1.5 Billion In Shares Buyback Program

Boston, MA 05/29/2014 (wallstreetpr) – Macy’s, Inc. (NYSE:M) recently posted 1Q2014 financial results that fell short of Wall Street expectations. However, the management remains upbeat about the future and expects 2Q2014 and the balance of 2014 turn positive results. As if to drive home the confidence in Macy’s future prospects, the board approved a big […]

J.C. Penney Company, Inc. (NYSE:JCP), Macy’s And Sears to Cut Jobs, Close Stores

Boston, MA 01/17/2013 (wallstreetpr) – J.C. Penney Company, Inc. (NYSE:JCP) is reacting to its dismal performance in the holiday season of December by cutting thousands of jobs and closing several stores in efforts to curb losses and restore profitability. But the century-store is not alone in the latest exercise aimed at streamlining operations in the […]

Macy’s Inc (NYSE:M) experiences improved profit in the third quarter

Boston, MA, 11/14/2013 (wallstreetpr) – Recently, the management of the Macy’s Inc (NYSE:M) has announced the earnings of the third quarter in which the management has reported that the company has experienced higher earnings report with the help of high sales. Moreover, this has also been a result of the department store operators which bounced […]

Macy’s, Inc. (NYSE:M) Have Decided To Open On Thanksgiving For The First Time

Boston, MA 10/16/2013 (wallstreetpr) – Flouting its folklore of so many years, finally Macy’s, Inc. (NYSE:M) has decided to open most of its retail stores for the very first time on the day of Thanksgiving. This decision of the company was publicized in a release on Monday that said that the company is prepared to open all […]