Department Stores

An investor group, which submitted a $5.8 billion bid for Macy's Inc. (NYSE: M), is considering a direct appeal to shareholders if negotiations with the department store giant do not progress. As reported by The Wall Street Journal, Arkhouse Management and Brigade Capital Management proposed on...

An investor consortium has tabled a $5.8 billion bid to acquire Macy's Inc. (NYSE: M), in an attempt to privatize the iconic department store chain. This comes as Macy's grapples with mounting competition from digital retailers, which has significantly eroded its market value. As per The...

Department store chain Macy's Inc (NYSE: M) shares are surging today after it reported third-quarter FY23 earnings. The company reported a third-quarter FY23 sales decline of 7% year-on-year to $4.86 billion, beating the analyst consensus estimate of $4.79 billion. Brick-and-...

Macy's Inc (NYSE: M) has expanded Disney products from the Walt Disney Company (NYSE: DIS) across all categories during the Holiday season. To celebrate Disney's 100th anniversary, Macy's launched a collection of products for all ages, including toys, jewelry and...

Judging by the most recent JOLTS report, there’s obviously still demand for the worker. Economists say there’s been a consistent demand to fill vacant positions, and it’s still questionable whether there are enough workers to fill the open jobs. Yet the surprise bump in nonfarm...

Macy's Inc (NYSE: M) has unveiled an accelerated expansion of its small-format store strategy, potentially tripling the total number of its small-format stores through fall 2025. The company will open up to 30 new small-format locations nationwide starting from 2024. The expansion is...

Toys R Us is reportedly gearing up for a robust re-entry into the U.S. market.  The iconic toy retailer is strategizing to enhance its physical store count, with ambitions to launch as many as 24 new stores, according to a report from CNBC. The brand is also exploring novel...

Dick's Sporting Goods Inc (NYSE: DKS) disclosed its intentions to onboard 8,600 seasonal teammates across the nation in anticipation of the upcoming holiday season. Last year, the athletic-wear chain had marked a target of hiring 9,000 interim staff for the festive rush. The...

Kylie Jenner has explored redeeming ownership of the cosmetics line she sold to Coty Inc (NYSE: COTY) three years ago after the multinational beauty company failed to meet her expectations. The American socialite, media personality, and businesswoman discussed buying...

With earnings season coming to a close, several retailers are set to report this week to wrap up the quarter.  PVH Corp. reports Tuesday after the close, with Five Below (NASDAQ: FIVE), Chewy (NYSE: CHWY), and Victoria’s Secret (NYSE: VSCO) releasing Wednesday also after the closing bell...

Macy's Inc (NYSE: M) has partnered with Gap, Inc. (NYSE: GPS) to launch an exclusive collection of sleepwear, underwear and intimates for men and women.  The move marks the first-ever partnership between these two brands. The product categories will offer an assortment...

Roth MKM lowered the price target for Canadian Solar Inc. (NASDAQ: CSIQ) from $70 to $50. Roth MKM analyst Justin Clare maintained a Buy rating. Canadian Solar shares gained 0.3% to $26.88 in pre-market trading. Mizuho boosted The Williams Companies, Inc. (NYSE: WMB) price target from $40 to $...

(Tuesday market open) U.S. stocks ended a four-day slide Monday with help from the technology sector, which seems poised to provide a further boost Tuesday, overshadowing mixed earnings from retailers Dick’s Sporting Goods (NYSE: DKS), Lowe’s (NYSE: LOW), and...

Gainers Fulcrum Therapeutics, Inc. (NASDAQ: FULC) shares jumped 42.8% to $5.60 after the FDA lifted clinical hold on the company’s FTX-6058 for sickle cell disease. VinFast Auto Ltd. (NASDAQ: VFS) gained 42% to $24.96. Axcella Health Inc. (NASDAQ: AXLA) shares climbed 37.3% to $0.2101 after...

Macy's Inc (NYSE: M) reported a second-quarter FY23 sales decline of 8.4% year-on-year to $5.13 billion, beating the analyst consensus of $5.09 billion. Brick-and-mortar sales decreased 8%, and Digital sales dropped 10% Y/Y. Comparable sales decreased 8.2% on an owned basis and...