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M News16 articles
Macy's Shares Slide 4.7% Despite Earnings Beat—Margins Lift Was One-Time
Macy's stock fell 4.7% despite beating earnings, as a 180-basis-point margin gain came from one-time tariff refunds. Underlying margin improved just 10 bps.
Macy's Q2 Preview: Credibility at Stake Despite Low Bar
Macy's Q2 earnings arrive with a low bar but high credibility test. Investors need to see namesake comps and margin quality, not just an EPS beat.
JCPenney's $15 Trade-In Deal Puts Off-Price Rivals on Alert
JCPenney's new $15 trade-in offer (Aug 28-30) targets off-price shoppers, but rivals like Ross (down 4.1%) remain strong. Analysts question long-term impact.
Exemplar Luxury Group Exits Chapter 11, Debt Halved to $1.2 Billion
Exemplar Luxury Group exits bankruptcy with 49 luxury stores and $1.2 billion in debt, but vendor trust and wholesale dependence remain key challenges.
T&T Supermarket Enters California Market, Plans Major Newark Store
T&T Supermarket opened its first California store in San Jose and announced plans for a larger location at Newark's NewPark Mall, expanding its Bay Area presence.
Macy's Stock Flat Despite Q1 Beat, Bloomingdale's Drives Upbeat 2026 Outlook
Macy's raised its 2026 sales and profit forecasts after Q1 comparable sales rose 3.0%, but shares were little changed as investors weighed tariff and consumer risks.
Berkshire's New CEO Makes First Major Portfolio Shift: Adds Delta, Boosts Alphabet, Exits UnitedHealth
In his first major portfolio move as CEO, Greg Abel added Delta Air Lines and boosted Alphabet, while cutting UnitedHealth, Amazon, Visa, and Mastercard.
Berkshire Hathaway Takes Stake in Macy's; Stock Rises in Pre-Market
Berkshire Hathaway's new 3.04 million share stake in Macy's, valued at $55 million, lifted shares in pre-market. Q1 results are due June 3, with headwinds from tariffs and weak spending.
Berkshire Hathaway Faces Key Monday Test After Abel's $24 Billion Portfolio Overhaul
Berkshire Hathaway faces a key test Monday after Greg Abel's first major portfolio shakeup, adding Delta Air Lines and Alphabet while exiting Amazon, Visa, and Mastercard.
Berkshire Hathaway Reveals Macy's Stake, Stock Jumps After Hours
Berkshire Hathaway disclosed a 3 million share stake in Macy's, worth about $55 million, lifting shares 6.3% after hours. The retailer faces a tough outlook.
NextEra-Dominion Merger Talks, Nvidia Earnings, and Retail Reports Set for Busy Week
NextEra Energy and Dominion Energy are in merger talks for a $400B utility, Nvidia reports earnings Wednesday, and major retailers like Walmart and Home Depot release results. Markets await Fed rate decisions.
Wall Street Slumps as Oil Surge, Yields Jolt AI Rally
U.S. stocks fell more than 1% Friday as oil surged and Treasury yields climbed, pressuring AI stocks and raising Fed rate hike concerns.
Berkshire Hathaway Reveals $55M Stake in Macy's, Shares Surge
Berkshire Hathaway's $55 million stake in Macy's sent shares up 5.9% in after-hours trading. The retailer declared a quarterly dividend and faces tariff headwinds.
Macy's Shares Surge on Q4 Beat, but Tariff and Margin Pressures Loom
Macy's shares climbed 4.8% to $17.72 following stronger-than-anticipated fourth-quarter results, though management issued cautious 2026 projections amid tariff pressures and store closures.
Kohl's Pauses Store Closures for 2026 Amid Sales Slump, Traffic Woes
Kohl's will not execute a major round of store closures in 2026, management stated, following 27 shutdowns last year. However, the retailer continues to grapple with declining sales and weak customer traffic.
Macy's Shares Rebound as Investors Eye Inflation Data and Upcoming Earnings
Macy's stock rose 2.5% to $21.51, recovering from recent declines. Analysts maintain a Hold rating with a $22 target as the market awaits key inflation figures and the retailer's early-March earnings report.