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(M) Crashed Last Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2504426151","media":"Insider Monkey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2504426151?lang=en_us&edition=fundamental","pubTime":"2025-01-20 13:45","pubTimestamp":1737351958,"startTime":"0","endTime":"0","summary":"Wall Street’s main indices finished firmer on Friday, with all main indices settling in the green territory ahead of President-elect Donald Trump’s return to the White House.Week-on-week, the Dow eked out a 3.81-percent gain, the S&P rallied 3.79 percent, while the Nasdaq increased by 3.84 percent.Ten companies from diverse sectors, however, ended Friday weaker, posting notable declines versus the week prior. In this article, let’s look at which firms suffered a bloodbath and the reasons that dragged their performance.For this week’s list, we only focused on companies with a market capitalization of at least $2 billion and a minimum trading volume of $5 million.A customer in a store trying on fashionable apparel and accessories for purchase.Retail giant Macy’s Inc.  suffered an 11.6-percent decline in its share prices to finish Friday’s trading at $13.99 versus the $15.84 close the week prior following news that it was closing 150 underperforming stores by 2026 and keeping only 350 sto","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/why-macy-inc-m-crashed-054558909.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4585","M","BK4220","BK4103","BK4588"],"gpt_icon":0},{"id":"2504920346","title":"Macy's (M) Gains As Market Dips: What You Should Know","url":"https://stock-news.laohu8.com/highlight/detail?id=2504920346","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2504920346?lang=en_us&edition=fundamental","pubTime":"2025-01-17 06:50","pubTimestamp":1737067821,"startTime":"0","endTime":"0","summary":"The latest trading session saw Macy's  ending at $13.87, denoting a +0.58% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.21% for the day. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaq lost 0.89%.Coming into today, shares of the department store operator had lost 13% in the past month. In that same time, the Retail-Wholesale sector lost 2.84%, while the S&P 500 lost 1.56%.The investment community will be paying close attention to the earnings performance of Macy's in its upcoming release. The company is expected to report EPS of $1.55, down 36.73% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $7.8 billion, indicating a 3.94% decrease compared to the same quarter of the previous year.It is also important to note the recent changes to analyst estimates for Macy's. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently,","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/macys-m-gains-market-dips-225021868.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["M","BK4585","BK4103","BK4588","BK4220"],"gpt_icon":0},{"id":"2503624412","title":"These are the biggest issues facing the fashion industry in 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=2503624412","media":"Yahoo Finance","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503624412?lang=en_us&edition=fundamental","pubTime":"2025-01-16 00:39","pubTimestamp":1736959180,"startTime":"0","endTime":"0","summary":"According to a recent McKinsey & Company survey, seven out of 10 fashion leaders cited consumer confidence and the appetite to spend as the top risk for 2025. Other top risks included geopolitical instability, economic volatility, and supply chain disruptions.Inflation, which was the no. 1 concern for leaders in 2023, has dropped significantly as central banks began lowering interest rates. Although inflation has cooled, it has played a big role in the slowing growth of the fashion industry globally, dampening consumer spending and causing a shift in behavior.“There is still growth to be found [in the US], but economic uncertainty, geographic disparities, as well as shifting customer behavior and preferences mean seizing it will require navigating a maze of compounding challenges at every turn,\" McKinsey & Company partner Joelle Grunberg told Yahoo Finance. \"Consequently, 2025 is likely to be a time of reckoning for many brands. ... We expect inflation to not be playing as much as a ro","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/these-are-the-biggest-issues-facing-the-fashion-industry-in-2025-163940956.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU2506951875.HKD","BK4585","LU0094547139.USD","LU2237443549.SGD","LU1989772923.USD","LU2237443978.SGD","LU0950375773.USD","LU2133065610.SGD","LU2506952170.USD","LU1989772840.SGD","LU2237443465.HKD","LU2506951958.HKD","LU2092937221.SGD","LU0823417737.USD","TJX","ROST","IE00B19Z9Z06.USD","LU2041044095.USD","BK4094","LU2237443895.HKD","BK4592","IE00B19Z9P08.USD","M","LU0786609619.USD","BK4588","IE00BZ9MQY76.HKD","BK4103","IE00B894F039.SGD","BK4220","IE0004445239.USD","IE00B1BXHZ80.USD","LU2237443622.USD","LU0823417653.USD","LU2506952097.USD","LU2237443382.USD"],"gpt_icon":0},{"id":"2503578303","title":"Macy's Exec Says Upper-End Consumer Quite Healthy While Lower and Middle Tier Customers Remain Concerned Regarding Prices - Icr Conf","url":"https://stock-news.laohu8.com/highlight/detail?id=2503578303","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503578303?lang=en_us&edition=fundamental","pubTime":"2025-01-14 21:23","pubTimestamp":1736861020,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250114:nFWN3OA0VI:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4220","BK4103","BK4585","M","BK4588"],"gpt_icon":0},{"id":"2503319815","title":"Why Macy's (M) Stock Is Down Today","url":"https://stock-news.laohu8.com/highlight/detail?id=2503319815","media":"StockStory","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503319815?lang=en_us&edition=fundamental","pubTime":"2025-01-14 01:56","pubTimestamp":1736791007,"startTime":"0","endTime":"0","summary":"Shares of department store chain Macy’s  fell 7.3% in the afternoon session after the company disclosed disappointing preliminary fourth-quarter results, projecting sales to fall just below the lower end of its earlier forecast of $7.8 billion to $8.0 billion. Notably, same-store sales are expected to remain flat compared to the previous year. In addition, earnings are expected to remain within the previous range of $1.40 to $1.65. Overall, the results were underwhelming, given the some high expectations for holiday season spending. However, Macy's wasn't the only one to report weak holiday demand, as Five Below and Abercrombie & Fitch also didn't see the success that the market expected.When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen ange","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/why-macys-m-stock-down-175647456.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["M","BK4103","BK4220","BK4585","BK4588"],"gpt_icon":0},{"id":"1128316047","title":"Stock Track | Macy's Plunges 7.8% As Q4 Sales Outlook Disappoints, Despite Maintained EPS Guidance","url":"https://stock-news.laohu8.com/highlight/detail?id=1128316047","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1128316047?lang=en_us&edition=fundamental","pubTime":"2025-01-14 01:32","pubTimestamp":1736789552,"startTime":"0","endTime":"0","summary":"Shares of department store chain Macy's  plummeted 7.8% in pre-market trading on Monday, as the company signaled potentially weaker-than-expected sales for its fiscal fourth quarter, despite maintaining its earnings guidance range.In a business update, Macy's stated that its net sales for the fourth quarter are expected to reach, or slightly fall below, the lower end of its previously projected outlook of $7.8 billion to $8.0 billion. This indicates a potential miss compared to analysts' estimat","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":"Stock Track | Macy's Plunges 7.8% As Q4 Sales Outlook Disappoints, Despite Maintained EPS Guidance","news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["M"],"gpt_icon":0},{"id":"2503697533","title":"Abercrombie, Lululemon Raise Fourth-Quarter Sales Targets, Macy's Flags Potential Miss","url":"https://stock-news.laohu8.com/highlight/detail?id=2503697533","media":"MT Newswires","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503697533?lang=en_us&edition=fundamental","pubTime":"2025-01-14 00:20","pubTimestamp":1736785210,"startTime":"0","endTime":"0","summary":"Retailers Abercrombie & Fitch  and Lululemon Athletica  lifted their fourth-quarter sales projections amid strong holiday performance, while Macy's  said that sales could narrowly fall short of its own expectations.Apparel brand Abercrombie & Fitch raised its fourth-quarter net sales growth range to between 7% and 8% from a 5% to 7% outlook previously. In the same period last year, Abercrombie's sales grew 21% to $1.45 billion. Analysts polled by FactSet are estimating sales of $1.56 billion this fiscal quarter.For the full year, the company expects sales growth of 15%, compared with a prior range of 14% to 15%. Analysts are modeling for revenue of $4.93 billion, compared with $4.28 billion reported in the 12 months ended Feb. 3, 2024.The company maintained its fourth-quarter and full-year operating margin targets of roughly 16% and 15%, respectively. Abercrombie & Fitch's shares tumbled 20% in Monday trade.Macy's affirmed its adjusted EPS guidance of $1.40 to $1.65, compared with the ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/abercrombie-lululemon-raise-fourth-quarter-162010498.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["ANF","M","LULU"],"gpt_icon":1},{"id":"2503588373","title":"Why Is Department Store Chain Macy's Stock Sliding Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=2503588373","media":"Benzinga","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503588373?lang=en_us&edition=fundamental","pubTime":"2025-01-13 22:01","pubTimestamp":1736776905,"startTime":"0","endTime":"0","summary":"Macy’s, Inc.  shares are trading lower in premarket on Monday after the Department store chain provided an update on its fiscal fourth-quarter guidance.The company expects fourth-quarter net sales to reach, or slightly fall below, the lower end of the previously projected outlook of $7.8 billion – $8.0 billion and compared to the estimate of $7.885 billion.The company now anticipates its adjusted earnings per share for the fourth quarter to remain within its earlier forecast of $1.40 – $1.65 against the estimate of $1.57.The retailer reported quarter-to-datecomparable sales growth in its go-forward business, including Macy’s First 50 locations and luxury brands like Bloomingdale’s and Bluemercury.Digital sales also saw an uptick in comparable sales for the period. However, Macy’s comparable saleswere roughly flat quarter-to-datewith non-First 50 locations, including non-go-forward locations, performing below expectations and generating negative comparable sales.Also Read: British Retai","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/why-department-store-chain-macys-140145965.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4220","BK4103","BK4588","BK4585","M"],"gpt_icon":0},{"id":"2503308037","title":"Macy's Shares Down 1.5% Premarket After Co Forecasts Q4 2024 Net Sales Slightly Below Low-End of Previous Guidance","url":"https://stock-news.laohu8.com/highlight/detail?id=2503308037","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503308037?lang=en_us&edition=fundamental","pubTime":"2025-01-13 20:05","pubTimestamp":1736769930,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250113:nL4N3O90Z1:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4103","BK4585","BK4220","M","BK4588"],"gpt_icon":0},{"id":"2503308998","title":"Macy's Inc:  Expects Q4 2024 Net Sales to Be at, to Slightly Below, Low-End of Previously Issued Range of $7.8 Bln to $8.0 Bln","url":"https://stock-news.laohu8.com/highlight/detail?id=2503308998","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503308998?lang=en_us&edition=fundamental","pubTime":"2025-01-13 20:00","pubTimestamp":1736769604,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250113:nTUA7M61DZ:3","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4220","BK4103","BK4585","BK4588","M"],"gpt_icon":0},{"id":"2503308109","title":"Macy's Inc  Q4 REV View $7.89 Bln -- Lseg Ibes Data","url":"https://stock-news.laohu8.com/highlight/detail?id=2503308109","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503308109?lang=en_us&edition=fundamental","pubTime":"2025-01-13 20:00","pubTimestamp":1736769604,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250113:nTUA7M61DZ:4","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4103","BK4585","BK4588","M","BK4220"],"gpt_icon":0},{"id":"2503081853","title":"Macy's Inc: Expects Q4 2024 Adjusted Diluted Earnings per Share to Be in-Line With Previously Issued Range","url":"https://stock-news.laohu8.com/highlight/detail?id=2503081853","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503081853?lang=en_us&edition=fundamental","pubTime":"2025-01-13 20:00","pubTimestamp":1736769604,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250113:nTUA7M61DZ:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["M","BK4103","BK4220","BK4585","BK4588"],"gpt_icon":0},{"id":"2502847372","title":"Macy's (M) Stock Moves -1.19%: What You Should Know","url":"https://stock-news.laohu8.com/highlight/detail?id=2502847372","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502847372?lang=en_us&edition=fundamental","pubTime":"2025-01-11 06:50","pubTimestamp":1736549420,"startTime":"0","endTime":"0","summary":"Macy's  closed the latest trading day at $15.84, indicating a -1.19% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 1.54%. Meanwhile, the Dow experienced a drop of 1.63%, and the technology-dominated Nasdaq saw a decrease of 1.63%.Shares of the department store operator have depreciated by 1.72% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 4.27% and the S&P 500's loss of 2.2%.The investment community will be closely monitoring the performance of Macy's in its forthcoming earnings report. The company's upcoming EPS is projected at $1.55, signifying a 36.73% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.83 billion, showing a 3.58% drop compared to the year-ago quarter.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.39 per share and revenue of $22.49 billion, indicating changes ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/macys-m-stock-moves-1-225020362.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4103","BK4588","BK4220","M","BK4585"],"gpt_icon":0},{"id":"2502102748","title":"Downtown Los Angeles Macy's is among 150 locations to close","url":"https://stock-news.laohu8.com/highlight/detail?id=2502102748","media":"LA Times","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502102748?lang=en_us&edition=fundamental","pubTime":"2025-01-11 04:42","pubTimestamp":1736541742,"startTime":"0","endTime":"0","summary":"Macy's said this week that it will close 66 stores, part of a broader plan to shut down 150 locations across several states. Above, a Macy's in San Francisco's Union Square neighborhood.The downtown Los Angeles Macy’s department store, situated on 7th Street and a cornerstone of retail in the area, will shut down as the company prepares to close 150 underperforming locations in an effort to revamp and modernize its business.The iconic retail center announced this week the first 66 closures, including nine in California spanning from Sacramento to San Diego. Stores will also close in Florida, New York and Georgia, among other states. The closures are part of a broader company strategy to bolster sustainability and profitability.\"Kohl's continues to believe in the health and strength of its profitable store base\" and will have more than 1,100 stores remaining after the closures, the company said in a statement.This story originally appeared in Los Angeles Times.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/downtown-los-angeles-macys-among-204222396.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4103","BK4585","BK4220","M","BK4588"],"gpt_icon":1},{"id":"2502813769","title":"Kohl's to close 27 stores by April as struggling retailer looks to improve profits, sales","url":"https://stock-news.laohu8.com/highlight/detail?id=2502813769","media":"Associated Press Finance","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502813769?lang=en_us&edition=fundamental","pubTime":"2025-01-11 02:29","pubTimestamp":1736533795,"startTime":"0","endTime":"0","summary":"NEW YORK  — Kohl’s said Friday it was closing 27 underperforming stores in 15 states by April — a fraction of its 1,150 store base — as the struggling department store aims to boost profitability and improve sagging sales.The announcement comes as the Menomonee Falls, Wisconsin-based chain has posted 11 consecutive quarters of sales declines and faces new leadership. Michaels CEO and retail veteran Ashley Buchanan will take over the chain's top job, effective Wednesday, succeeding Tom Kingsbury, who will stay as an adviser to the new CEO and retain his position on Kohl’s board until his retirement this May.Kohl's declined to disclose the number of employees affected. It said workers have been informed and have been offered a “competitive severance package” or the chance to apply to other open roles at Kohl’s. The list deemed for closing includes 10 in California.The Macy’s stores set to close account for 25% of overall square footage but less than 10% of its sales, the company had said","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/kohls-close-27-stores-april-182955205.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["KSS","M"],"gpt_icon":0},{"id":"2502857998","title":"Macy's Shuts Down 66 Locations As Part Of New Chapter Strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=2502857998","media":"Benzinga","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502857998?lang=en_us&edition=fundamental","pubTime":"2025-01-10 19:40","pubTimestamp":1736509229,"startTime":"0","endTime":"0","summary":"Department store chain Macy’s Inc.  confirmed the closure of 66 stores as part of its “Bold New Chapter” strategy.Announced in February 2024, this strategy aims to improve profitability by eliminating underperforming locations and focusing resources on its more successful stores.The closures are part of a broader plan to shutter approximately 150 unproductive stores in three years while investing in its 350 go-forward locations through 2026.The decision comes as the company seeks to adapt to the evolving retail landscape, where consumers demand both seamless in-store and online shopping experiences.Also Read: British Retail Giant Marks & Spencer Warns Of Economic Challenges Despite Strong Sales Growth In Food And Retail. “Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to bet","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/macys-shuts-down-66-locations-114029482.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4220","BK4103","BK4588","BK4585","M"],"gpt_icon":0}],"pageSize":16,"totalPage":13,"pageCount":4,"totalSize":200}]}}