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Macy"s CEO Gennette: Inventory was a "mounting problem" in Q2

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallAug 14th, 2019

Macy"s CEO explains how Trump tariffs are impacting prices

Macy's CEO Jeff Gennette told investors on Wednesday that upcoming tariffs against China announced by President Donald Trump could potentially impact both prices and his company's earnings. Gennette, in an investor call following Macy's (NYSE: M) secon.....»»

Category: topSource: bizjournalsAug 14th, 2019

Macy"s plummets to its lowest level in 9 years after slashing its profit forecast

The company's CEO cited rising inventory levels and a markdown for clearing spring stock as the biggest hits to Macy's bottom line......»»

Category: topSource: moneycentralAug 14th, 2019

Macy"s shares sink as discounts to clear inventory hurt, tourism drops

Macy's Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18%......»»

Category: topSource: reutersAug 14th, 2019

Macy"s stock plunges as a poor spring season hits profit

Macy's cut its full-year earnings forecast Wednesday after missing estimates for quarterly profit for the first time in at least two years as it discounted heavily to clear spring inventory, sending its shares down 17%......»»

Category: topSource: moneycentralAug 14th, 2019

Macy"s not looking to raise prices if new tariffs imposed: CEO

Macy's Inc Chief Executive Officer Jeff Gennette said on Wednesday that the department store chain would not raise prices on products if the Trump administration goes ahead with its latest 10% tariffs......»»

Category: topSource: reutersAug 14th, 2019

Macy"s sinks as poor spring season hits profit

Macy's Inc slashed its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down 17%......»»

Category: topSource: reutersAug 14th, 2019

Macy"s Crashes To 9 Year Lows After Slashing Outlook

Macy's shares are down 14% in the pre-market - the lowest since Feb 2010 - after missing Q2 expectations and cutting its full-year guidance for earnings, blaming weather, fashion, inventory and markdown issues. Macy's said diluted earnings for the.....»»

Category: blogSource: zerohedgeAug 14th, 2019

Macy"s cuts forecast after first profit miss in two years, shares slide

Macy's Inc cut its full-year earnings forecast after missing Wall Street estimates for quarterly profit for the first time in two years, as the department store operator discounted heavily to clear Spring inventory, sending its shares down 13%......»»

Category: topSource: reutersAug 14th, 2019

Macy"s, Inc. (M) CEO Jeff Gennette on Q1 2019 Results - Earnings Call Transcript

Macy"s, Inc. (M) CEO Jeff Gennette on Q1 2019 Results - Earnings Call Transcript.....»»

Category: topSource: seekingalphaMay 15th, 2019

Macy"s warns the trade war could force price hikes

Macy's is bracing itself for a wave of new tariffs. CEO Jeff Gennette issued a warning about the impact tariffs could have on consumers......»»

Category: topSource: moneycentralMay 15th, 2019

Tesla Inventory A Major Problem

Tesla Inventory A Major Problem.....»»

Category: topSource: seekingalphaMay 13th, 2019

Macy"s CEO responds to Bezos challenge

Macy's Inc. CEO Jeff Gennette told CNBC's Jim Cramer that the Cincinnati-based retailer used its tax savings to give all of its employees a bonus in response to Jeff Bezos' challenge that retailers match its employee compensation. Gennette sat down w.....»»

Category: topSource: bizjournalsApr 15th, 2019

Macy"s CEO responds to the $15 challenge from Jeff Bezos

Macy's Inc. CEO Jeff Gennette told CNBC's Jim Cramer that the Cincinnati-based retailer used its tax savings to give all of its employees a bonus in response to Jeff Bezos' challenge that retailers match its employee compensation. Gennette sat down w.....»»

Category: topSource: bizjournalsApr 15th, 2019

Macy"s CEO responds to Jeff Bezos: We put our tax savings back into our employees

Jim Cramer checks in with Macy's CEO Jeffrey Gennette, who explains how tax reform made a way for employees to share in the company's performance......»»

Category: topSource: madmoneyApr 11th, 2019

Hasbro has problems in Europe in addition to Toys ‘R’ Us liquidation woes

Hasbro’s issues went beyond the Toys ‘R’ Us liquidation, with European inventory proving to be a first-quarter problem as well......»»

Category: topSource: marketwatchApr 23rd, 2018

Centre may levy cess on sugar, lower GST on ethanol to help clear dues

As a high-powered panel of minister lead by Transport Minister Nitin Gadkari dwells on ways to deal with the mounting crisis in the country's sugar sector, farmers are faced with a peculiar problem.Farmers alleged that despite havin.....»»

Category: topSource: business-standardApr 23rd, 2018

Gadkari-led panel mulls sugar crisis as mills shy away from cane purchases

As a high-powered panel of minister lead by Transport Minister Nitin Gadkari dwells on ways to deal with the mounting crisis in the country's sugar sector, farmers are faced with a peculiar problem.Farmers alleged that despite havin.....»»

Category: topSource: business-standardApr 23rd, 2018

HBR: Is lack of competition strangling the U.S. economy?

Mounting evidence suggests that the underlying problem is not “bigness” per se. Rather, it’s the combined effect of size, concentration and, importantly, incumbent-friendly regulation on the healthy competition that propels economic growth......»»

Category: topSource: bizjournalsApr 9th, 2018

Low Inventory? No Problem!

Low Inventory? No Problem!.....»»

Category: realestateSource: rismediaMay 18th, 2018

How Macy"s uses virtual reality to drive sales

Macy's Inc. is turning to something more at home in Silicon Valley than the home goods section of a department store in order to drive sales: virtual reality. In a call with investors on May 16, Macy's (NYSE: M) CEO Jeff Gennette said the retailer i.....»»

Category: topSource: bizjournalsMay 23rd, 2018