Macy's Q4 Earnings Beat Estimates, Revenue $8.12B, Plans to Close 150 Stores, Investing in Luxury

Yahoo Finance@YahooFinance

2 years ago

$M is "becoming a smaller company but the hope is that the profitability story improves by investing high-end luxury with Bloomingdales and beauty with Bluemercury," says Forrester Research retail analyst @smulpuru on Macy's latest earnings and store closure announcements. https://t.co/ugUGoJzf0T

CNBC@CNBC

2 years ago

Cramer says Macy's turnaround plan could kickstart growth at the department store chain https://t.co/PLcLcV0KFr

So ... Wall Street had low expectations. Macy's manages to beat the low expectations. Wave goodbye to some employees who will join the jobless and the shares are up. All good ... or not. #USA #Economy $M https://t.co/INrf1NafOx