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Top related persons:
Tony Spring - 1 Jeff Gennette - 1 Nata Dvir - 1 Gennette - 1 Macy's - 1
Top related locs:
Manhattan
Top related orgs:
NEW - 1 Target - 1 Herald - 1 Consumers - 1

Search resuls for: "Nata Dvir"


2 mentions found


☆ As Macy's stock struggles, the retailer bets on private brands with more modern looks
  + stars: | 2023-07-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +3 min
NEW YORK — Macy's , the 165-year-old department store chain, is looking for ways to keep up with the newer kids on the block. On Wednesday, it showed off its newest private brand, On 34th, at its Macy's Herald Square flagship. The brand, named after the legacy store's Manhattan location, is made of up of women's clothing and accessories. The department store operator cut its full-year outlook last month, after seeing consumers pull back on purchases of clothing and other items. Some of Wall Street's worries are company-specific, as investors question whether the legacy department store can keep up with shoppers' changing tastes.
Persons: Tony Spring, Jeff Gennette, Nata Dvir, Gennette, Macy's Organizations: NEW, Target, Herald, Consumers Locations: Manhattan
☆ Macy's warns holiday-quarter will come in light, citing squeeze on shoppers' wallets
  + stars: | 2023-01-06 | by ( Melissa Repko | ) www.cnbc.com   time to read: +2 min
Macy's on Friday warned its holiday-quarter sales will come in on the lighter side, saying consumers' budgets are under pressure and that it anticipates that squeeze to continue into this year. It expects adjusted diluted earnings per share to be in the previously issued range of $1.47 to $1.67. For the year-ago period, Macy's reported revenue of $8.67 billion and adjusted earnings per share of $2.45. As it orders inventory, Gennette said it is using customer data to pick the merchandise that will sell and caters to customers who are looking for fashionable items and also seeking value. Gennette, Macy's Chief Financial Officer Adrian Mitchell and Chief Merchandising Officer Nata Dvir, will participate in the investor conference next week.
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