Macy's Tuesday said it's on track to close 100 stores over the next few years as it struggles to compete with online retailers.
Macy's CEO Terry Lundgren sat down with CNBC for an exclusive conversation on what's ahead for the U.S. retailer.
"We're not going to be a highly leveraged retailer because those movies never turn out well. We've seen that before," Terry Lundgren says.
Robert Drbul, Guggenheim Managing Director and Steve Odland, Committee for Economic Development CEO weigh in on retail earnings, including Wal-Mart versus Amazon.
NEW YORK— Macy's, the nation's largest department store chain, says its earnings for the quarter that includes the holiday period dropped nearly 13 percent as results were dragged down by store closures and other costs. The company has faced sluggish sales for the past two years as customers buy more online and less at the malls where Macy's is often an anchor.
U.S. stock index futures are poised for a slightly higher open on Tuesday as traders eyed a deluge of earnings reports.
We are not going to be a highly leveraged retailer, says Terry Lundgren, Macy's CEO, sharing his outlook on Macy's and weighing in on Hudson's Bay.
Macy's kicked off department store earnings Tuesday morning.
Jim Cramer weighed in on how his sources in San Francisco view the company’s leadership.
Jim Cramer outlined the stocks and events on his radar for next week.
Stocks are hunting for more good news on the economy—as well as signs that Washington will be getting down to business on tax reform.
Stephen Weiss of Short Hills Capital Partners reviews the main factors driving stocks and how investors should be positioned for next week.
The Home Depot Inc. reports earnings before the market open. Wal-Mart Stores Inc. reports earnings after the market close. Macy's Inc. reports earnings after the market close.
Rep. Kevin Brady says he's "confident" that the border adjustment tax will be included in tax reform, despite opposition to the measure.
The "Fast Money" traders give you 6 trades in retail heading into next week's earnings.
U.S. retail sales rose more than expected in January, pointing to sustained domestic demand that should bolster economic growth in the first quarter.
READING, Pa.— Albert Boscov was the ebullient public face of a department store chain he built from a single corner store in downtown Reading to a regional powerhouse with dozens of locations in seven states and more than $1 billion in annual sales. The retailer's footprint is expanding— albeit slowly— at a time when major national competitors like Macy's are...
The only way the U.S. can get its tax code into the 21st century is to move to a full consumption-based system, Rep. Devin Nunes says.
The "Fast Money" traders weighed buying lagging stocks in hopes of making profits in a future rally.
Todd Gordon, TradingAnalysis.com founder, discusses three "catch-up stocks" worth keeping an eye on.