Macy’s beat a second-quarter Wall Street earnings estimate, but comparable sales slipped as the company prepares for the upcoming holidays by fortifying its home product assortment. Net income was $150 million, or 53 cents per diluted share, versus a net loss of $22...
Despite a decline in do-it-yourself shopper sales, Lowe’s managed to beat Wall Street estimates for earnings and revenues in the first quarter. Net earnings were $1.76 billion, or $3.06 per diluted share, versus $2.26 billion, or $3.77 per diluted share, in the...
Macy’s pointed to gains from an operating investment strategy starting with its top 50 stores in beating Wall Street estimates on first-quarter sales and revenues despite declines in both metrics. Net income was $62 million, or 22 cents per diluted share, versus $155...
Faced with a proxy fight, Macy’s announced the nomination of Douglas Sesler, founder and president of Fair Street Partners, to stand for election to the company’s board of directors at its 2024 annual meeting of shareholders. Arkhouse Management Co. has nominated a...
Small-store strategies have proven popular with a number of major retailers. Macy’s, for one, has been particularly adamant about the importance of limited size and limited assortment in full-priced stores, seeing the opportunity to draw new customers to locations...
