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Macy's swings to a second quarter profit, but sales surprisingly weak as customers grow cautious
Macy’s swung back to a profit in its second quarter but suffered yet another sales decline as inflationary weary shoppers rein in spending, with their focus increasingly on buying the essentials
China's Didi Global swings to profit in second quarter
China's largest ride-hailing company, Didi Global, swung to a net profit of 1.4 billion yuan ($196.24 million) for the second quarter from a 300 million yuan loss a year earlier as it continues to build back its business badly hit by a regulatory crackdown.
Macy's Q2 Earnings Beat Market, But Comps Down; Cuts FY24 Sales View; Stock Dips
Fashion retailer Macy's Inc. (M) on Wednesday reported a profit in its second quarter, compared to prior year's loss, despite weak
Macy's swings to a profit in 2Q but sales weaken due to a "more discriminating consumer"
Macy's swung back to a profit in its second quarter but suffered yet another sales decline as inflationary weary shoppers rein in spending, with their focus increasingly on buying the essentials. The company,
Macy’s swings to second quarter profit, but sales surprisingly weak
The company, which also operates upscale Bloomingdale's stores and cosmetics chain Bluemercury, cut its annual sales forecast given what it called "a more discriminating consumer" and the need to roll out more sales to entice them.
Macy's Turns Profitable in Q2 Despite Sales Drop
"During the second quarter, we delivered strong earnings performance in a challenging consumer environment," Tony Spring, chairman and chief executive officer of Macy's Inc., said
Footwear News on MSN
7d
Deckers Sells Sanuk to Canadian Active Company Lolë Brands
Nearly a year after Deckers Brands announced its intention to divest Sanuk, the outdoor lifestyle shoe brand has officially ...
1d
News updates from August 21: Fed officials signal readiness for September rate cut; Five bodies found on Mike Lynch’s superyacht
OpenAI has signed a multiyear deal with magazine publisher Condé Nast that will allow the artificial intelligence start-up to ...
1d
Market movers: Stocks that saw action on Wednesday - and why
Brian Cornell, Target’s Chief Executive Officer said “newness,” price cuts and sales events were key factors that drove a ...
2d
Strategic Equity Capital Plc - Transaction in Own Shares
Strategic Equity Capital plc (the "Company") today purchased 36,383 of its own Ordinary shares at a price of 368.45 pence per share, to be held in Treasury.
1d
Macy’s stock tumbles as retailer faces a ‘more discriminating customer’
Macy's Inc. lowered its 2024 net sales guidance by as much as $500 million as it faces “a more discriminating customer.” ...
1d
on MSN
Macy’s slashes sales outlook as iconic retailer struggles to lure cash-strapped shoppers
All eyes are on the retailer’s new CEO as the department chain struggles to win over inflation-weary customers drawn to ...
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