DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Macy's - 2 Justin Sullivan - 1 Brian Cornell - 1 Tom Kingsbury - 1 Maxx - 1 Jefferies - 1 Ross - 1 Earnest - 1
Top related locs:
San Leandro , California United States New York Burlington U.S China
Top related orgs:
Getty - 1 CNBC - 1 Nordstrom - 1 Earnest Analytics - 1 Target - 1 Abercrombie - 1 Fitch - 1 Home Goods - 1

Search resuls for: "Macy's hasn't"


3 mentions found


☆ Macy's hasn't closed 150 stores yet. But Target, Kohl's CEOs already smell opportunity
  + stars: | 2024-04-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +5 min
Those companies already count many of Macy's shoppers as their customers, according to an analysis of credit card data by Earnest Analytics. Macy's closures could put as much as $2 billion of market share up for grabs. The department store's net sales were $23.1 billion in the most recent fiscal year, and it said the 150 stores that it's closing account for less than 10% of sales. About 63% of Macy's stores have a T.J. Maxx or Marshalls within a one-mile radius, according to an analysis by Jefferies. Off-price stores also draw a similar customer, which tends to be more affluent.
Persons: Macy's, Justin Sullivan, Brian Cornell, Tom Kingsbury, Maxx, Jefferies, Ross, Earnest, Penney, Tony Spring, Corey Tarlowe, Cornell, Tarlowe, Cos, Mercedes Organizations: Getty, CNBC, Nordstrom, Earnest Analytics, Target, Abercrombie, Fitch, Home Goods, Jefferies, Toyota, Maxx Locations: San Leandro , California, United States, New York, Burlington, U.S
☆ Nike posts first earnings miss in three years as lower margins hit sports apparel giant
  + stars: | 2023-06-29 | by ( Gabrielle Fonrouge Yuheng Zhan | Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +8 min
For its full fiscal year, Nike's revenue was $51.2 billion, up 10% compared to the prior year. Nike's gross margins fell 1.4 percentage points during the fourth quarter to 43.6%, contributing to the earnings miss. For the last several quarters, Nike has grappled with bloated inventory levels, which have also weighed on its margins. But quarter over quarter, Nike offloaded about $400 million in inventories. Nike has been relying on its wholesale partners to reduce inventory levels.
Persons: Refinitiv, Friend, Matthew Friend, Neil Saunders, Saunders, we're, Macy's, Macy's hasn't, John Donahoe, Donahoe Organizations: Nike, Refinitiv, Nike's Locations: China
☆ The rise and fall of Macy's, the beloved American retailer which just announced a new CEO to lead its revival efforts
  + stars: | 2023-03-31 | by ( Bethany Biron | ) www.businessinsider.com   time to read: +2 min
As one of the oldest and largest department stores in the nation, Macy's is an icon of American retail. Despite its dominance, Macy's has struggled in recent years to overcome slumping sales and continues to shutter stores. Here's the story of Macy's rise to iconic American retailer and a look at its recent stumbles. Since its humble beginnings as a small dry goods store in New York City, Macy's has pioneered several components of the modern department store, including onsite tailoring, dining, and elaborate window dressings. While the fate of the retailer remains unknown, we took a look at Macy's meteoric rise and recent struggles.
0 next >>
Total: 3