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Macys Inc

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  • May 19- Wal-Mart Stores Inc on Tuesday joined the list of U.S. retailers reporting disappointing quarterly results, saying consumers' pocketing tax refunds and savings from cheaper gasoline had dented its sales growth. The results illustrate the obstacles facing Chief Executive Officer Doug McMillon, who took the job 15 months ago. Wal-Mart said sales at...

  • May 19- Wal-Mart Stores Inc on Tuesday became the latest U.S. retailer to report weaker-than-expected quarterly sales, saying consumers were pocketing tax refunds and savings from cheaper gasoline rather than buying unnecessary items. Wal-Mart said sales at stores open more than a year increased by 1.1 percent in the 13 weeks ended on May 1 from a year earlier.

  • Wal-Mart 1Q profit falls on pay raises Tuesday, 19 May 2015 | 7:21 AM ET

    NEW YORK— Wal-Mart Stores Inc. reported a 7 percent drop in first-quarter profit as the strong dollar and some efforts to improve its business hurt its bottom line. Greg Foran, who had been president and CEO of Wal-Mart Asia and took over Wal-Mart's U.S. business last summer, asked for investor patience. Wal-Mart's results adds to questions about the health of...

  • NEW YORK, May 15- Top U.S. hedge fund management firms, including Dan Loeb's Third Point LLC and Farallon Capital Management, trimmed some of their equity exposure in eBay Inc, but kept high positions in the e-commerce company's shares during the first quarter, according to regulatory filings. MD Sass Investors Services Inc liquidated its position in eBay,...

  • Retailers dealing with myriad of issues Thursday, 14 May 2015 | 1:45 PM ET

    A range of retail shares, including Kohl's Corp., J.C. Penney Co. and Target Corp., are falling as most other markets were posting gains. Brian Sozzi, CEO and chief equities strategist at Belus Capital Advisors, says that the recent financial results from Kohl's, J.C. Penney and Macy's Inc.— which all had softer-than-expected revenue— suggests consumers will need...

  • Kohl's same-store sales nipped by cold February Thursday, 14 May 2015 | 9:25 AM ET
    People approaching Kohl's department store in Mount Kisco, New York.

    Department store operator Kohl's quarterly same-store sales were hurt by colder-than-usual weather in February.

  • May 14- Department store operator Kohl's Corp reported quarterly same-store sales that missed analysts' expectation, hurt by colder-than-usual weather in February. Shares of the company, which also reported lower-than-expected revenue, fell 11 percent to $66.25 in premarket trading on Thursday. The stock's multiple is likely to reset lower until the...

  • May 14- Department store operator Kohl's Corp reported quarterly same-store sales that missed analysts' expectation, hurt by colder-than-usual weather in February. Rival Macy's Inc said on Wednesday that first-quarter profit and sales were hurt by fewer customer visits due to unusually cold weather in February. Kohl's net income rose to $127 million, or 63...

  • Your first trade for Thursday Wednesday, 13 May 2015 | 6:08 PM ET

    The "Fast Money" traders give their final trades of the day.

  • Macy's and Orexigen are big market movers Wednesday, 13 May 2015 | 4:33 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Macy's Inc., down $1.60 to $63.73. Pall Corp., up $5.27 to $123.89.

  • Stocks close mixed as rising yields, soft data weigh Wednesday, 13 May 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed narrowly mixed as investors remained wary of climbing bond yields and the lack of a strong second-quarter rebound in the economy.

  • Is Macy's run over? Why the retailer is falling short Wednesday, 13 May 2015 | 2:19 PM ET
    People enter to Macy's store at the Newport Mall in Jersey City, N.J.

    Macy's has fallen short on earnings expectations three of the last eight quarters, according to Retail Metrics.

  • More celebrity women becoming entrepreneurs Wednesday, 13 May 2015 | 1:04 PM ET
    Halle Berry unveils 'Scandale Paris' at Laduree Soho on October 23, 2014 in New York City.

    From Halle Berry to Drew Barrymore, one of the most-coveted roles among A-list actresses is now business owner.

  • WASHINGTON, May 13- U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, the latest sign the economy was struggling to rebound strongly after barely growing in the first quarter. The weaker-than-expected retail sales report from the Commerce Department, and other data on Wednesday showing the 10th...

  • *First-qtr profit $0.56/ shr vs est $0.62. May 13- Macy's Inc forecast a lower second-quarter profit as it marks down merchandise received late due to a strike at West Coast ports and foreign tourists spend less as the dollar stays strong. Macy's, which operates the upscale Bloomingdale's chain as well as its namesake stores, said first-quarter profit and sales...

  • 7 celebrity women who have started their own businesses Wednesday, 13 May 2015 | 11:24 AM ET

    Stars including Halle Berry, Nicki Minaj and Drew Barrymore, have launched businesses in recent years that sell lingerie, bubby wine and lip gloss. The Oscar winner's line of $7 panties and $18 bras went on sale at Target stores last year. The "Anaconda" rapper co-owns bubbly moscato maker Myx Fusions with Mona Scott-Young, the producer of the "Love& Hip Hop" reality TV...

  • Macy's profit misses; buyback plan raised by $1.5B Wednesday, 13 May 2015 | 11:15 AM ET
    A shopper walking with a Macy's shopping bag in New York.

    Macy's delivered quarterly earnings that fell short of expectations on Wednesday, and raised its share buyback program by $1.5 billion.

  • April retail sales spell bad news for Q2 GDP Wednesday, 13 May 2015 | 10:38 AM ET
    A shopper leaves a Banana Republic store in New York.

    What happened to retail? It looks sluggish, despite a lot of noise.

  • WASHINGTON, May 13- U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, indicating the economy was struggling to rebound strongly after barely growing in the first quarter. The weak retail sales report from the Commerce Department, and other data on Wednesday showing the 10th straight month of...

  • Cramer: Don’t sell Macy’s stock Wednesday, 13 May 2015 | 10:02 AM ET
    Taxi's drive past Macy's Inc. flagship store in New York.

    CNBC's Jim Cramer explains why investors should not sell Macy's shares despite its disappointing first-quarter results.