Macy’s quarterly revenues fell from $8.577 billion on 31 January 2020 to $3.148 billion on $3.727 billion on 31 July 2020. Macy’s began 2020 with an operating income of $560 million on 31 January.Read more
Frighteningly, Macy’s Market Capitalization fell from $7.605 billion on 2 April 2019 to $1.488 a year later. Additionally, Macy’s Market Cap fell from $4.022 billion on 2 March to $1.488 billion on 2 April 2020.Read more
Therefore, Amazon could buy Macy’s (NYSE: M); America’s largest department store operator for cash and have over $50 billion left. Mr. Market gave Macy’s a $5.016 billion Market Capitalization on 10 February 2020.Read more
Retail Apocalypse skeptics are not reading or watching the news or studying earnings reports. Both news and earnings reports showRead more
I think the retail apocalypse and Amazon doom Macy’s, but Macy’s is far from dead. In fact, Macy’s (NYSE: M) paid a 37.75₵ quarterly dividend on September 12, 2019.Read more
To explain, Walmart (NYSE: WMT) is now competing directly with Macy’s by offering concierge shipping services for urban customers. Specifically, Walmart’s Store No. 8 incubator operates a concierge they call Jetblack in New York City, Bloomberg reports.Read more
Small-box concepts like Nordstrom Local and Home Goods also have lower real estate and labor costs. They could easily use such small-box concepts as pickup locations for online orders.
Popup stores; like The [email protected]’s, are a classic solution for this dilemma. For instance, Macy’s could rent or lease space to pop up store operators.
Macy’s (M) might interest electronics, auto and other brands in pop-up stores. For example, Tesla (NASDAQ: TSLA) operates auto showrooms in some Nordstrom locations.
Obvious brands for Macy’s to tap for pop-ups include Apple (NASDAQ: AAPL), Toyota (NYSE: TM), Ford (NYSE: F), General Motors (NYSE: GM), The Walt Disney Company (NYSE: DIS), Amazon, and clothing makers. A fascinating idea for Macy’s to consider is Amazon Go in Macy’s.Read more
Some of the biggest brands out there made the move to online retail a good few years ago, and although the infographic created by Red Brain shows they have had some incredible sales, it is nothing compared to what their sales are in their physical stores.
Although people appreciate a brand being online, they are not ready to see their favourite brands disappear from the high streets completely.Read more
Macy’s revenues actually grew for the first time in quite a while in 1st Quarter 2018, Stockrow data indicates.
The revenue growth rate was 1.77% which does little make up for losses, but it is far better than the -6.13% negative growth rate reported in 4th Quarter 2017. That means Macy’s delivered an effective revenue growth rate of 7.9%, which is very good.
Nordstrom’s greatest challenge is to keep the upper-middle class; especially the younger upper middle class, coming to its brick and mortar stores.Read more