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This column is part of the eighth annual Heard on the Street stock-picking series.
Macy's, Inc. M holds a prominent position in the U.S. retail sector, operating a diverse portfolio of department stores under the renowned banners of Macy's, Bloomingdale's, and Bluemercury. With a 156-year history in the American retail landscape, Macy's, Inc. continues to adapt and evolve in a changing consumer discretionary environment.
The veteran retailer posted an estimate-topping second quarter. That wasn't the whole story, however.
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Board of Directors Declares Quarterly Dividend.
The future of Macy's continues to evolve into a story of haves and have-nots.
Shares of Macy's Inc M remained volatile in early trading on Thursday, after the company reported weak quarterly sales.
24/7 Wall St. Insights Macy's Inc. (NYSE: M) customers clearly have decided to shop elsewhere.
Macy's, Inc. M shares are trading lower after the company reported a second-quarter revenue miss.
Macy's officials are confident in their “A Bold New Chapter” strategy, highlighted by the company's First 50 locations. During its second-quarter earnings call Wednesday (Aug. 21), Macy's Chairman and CEO Tony Spring noted the retailer showcased these flagship stores as a beacon of success amid a challenging retail environment.
CFRA's Zach Warring has a sell rating for TJX Companies (TJX), saying "analysts and investors are crowding" into the stock. As for Macy's (M), he expects a lack of expansion for the company.