As U.S. stocks shake off their most volatile month in nearly four years, Goldman Sachs predicts that a market rally could be in sight.» Read More
Jim Cramer discusses the headwinds faced by Macy's this quarter and questions whether investors should even buy bricks-and-mortar stocks anymore.
Whether or not Macy's earnings miss could be seen as a canary in the coal mine, it does highlight retail headwinds.
U.S. stocks closed off lows, recovering from sharp intraday declines as gains in energy offset earlier pressures from global growth concerns.
Paul Trussell, Deutsche Bank, and Matthew Boss, JPMorgan, discuss what's next for Macy's after the company's earnings miss.
*Macy's expects $50 million in sales from China in 2016. Aug 12- U.S. retailer Macy's Inc lowered its full-year sales forecast on Wednesday and reported weaker-than-expected quarterly results, hurt by heavy discounts and a strong dollar that curbed spending by foreign tourists. The company, whose shares fell 4 percent, also said it formed a joint venture in China,...
Aug 12- Alibaba Group Holding Ltd said it signed an agreement with the Chinese joint venture of Macy's Inc to set up the U.S. retailer's store on its online marketplace, Tmall Global. The deal makes Macy's the first U.S. department store chain to join Tmall Global, Alibaba said on Wednesday. Alibaba and its newer rival JD.com Inc have been trying to win deals with...
"If Hillary Clinton had a handbag collection, we won't carry that either," Macy's chief Terry Lundgren says.
Macy's and Fossil can't blame disappointing earnings and guidance on China or Brazil. But they tried.
Macy's earnings miss expectations, guidance bum.
Macy's delivered quarterly earnings and revenue that fell short of analysts' expectations.
Aug 12- Alibaba Group Holding Ltd said it had signed an agreement with the Chinese joint venture of Macy's Inc to set up the U.S. retailer's online store on its online marketplace, Tmall Global. The deal will make Macy's the first U.S. department store chain to join Tmall Global, Alibaba said on Wednesday. Macy's said it would own 65 percent in the joint venture, Macy's...
Aug 12- Macy's Inc reported lower-than-expected quarterly sales as a strong dollar "significantly" hurt spending by foreign tourists in the United States and the company discounted to clear merchandise delayed due to the West Coast ports strikes. The company also said it had formed a joint venture with a Hong Kong- based company to explore online retailing in...
U.S. stock index futures indicated another sharply lower open on Wednesday, with Dow futures down by around 165 points after China moved to devalue its currency for a second day in a row.
Aug 12- Macy's Inc reported a 2.6 percent fall in quarterly sales, the fourth drop in six quarters, as spending by foreign tourists declined "significantly" due to a strong dollar. Macy's net income fell to $217 million, or 64 cents per share, in the second quarter ended Aug. 1 from $292 million, or 80 cents per share, a year earlier. The company also said it formed a joint...
Retail stocks are one of the best performing groups in the S&P, but within that group there are winners and losers.
The "Fast Money" traders give their final thoughts of the day.
Value names and off brand retailers may rise above headwinds this earnings season, Dana Telsey said.
Discussing Amazon's impact on brick and mortar, and the development of deliveries, with former Saks Chairman and CEO Steve Sadove.
Discussing where consumers are putting their money, with former Saks Chairman and CEO Steve Sadove.
Discussing the outlook for the retail sector, with Dana Telsey, Telsey Advisory Group