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Last $64.66 USD
Change Today -0.63 / -0.96%
Volume 1.4M
M On Other Exchanges
New York
As of 1:52 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

macy's inc (M) Key Developments

Macy's Inc. to Close Suburban Square Store Outside of Philadelphia

Macy's Inc. announced it will end its lease at its Suburban Square store outside of Philadelphia and will close up shop there in 2016. Macy's has operated at the location since 2006, but the site's history goes back to 1930 when Strawbridge & Clothier opened. Strawbridge was owned by May Department Stores, and Macy's Inc. bought that department store chain in 2005.

Reportedly Belk Seeks Sale

Belk Inc. (OTCBB:BLKI.B) is exploring a sale option as per sources familiar with the matter stated. Macy's, Inc. (NYSE:M), Bon-Ton Stores Inc. (NasdaqGS:BONT), Nordstrom Inc. (NYSE:JWN) and large private equity firms are expected to be contacted by Belk to solicit their interest in a deal the people added. Belk has hired investment bank The Goldman Sachs Group, Inc. (NYSE:GS) to help it evaluate strategic alternatives, including a potential sale.

Macy's, Inc. to Open Bloomingdale’s New Store in Norwalk, Connecticut

Macy's, Inc. announced that Bloomingdale’s plans to open a 150,000-square-foot, three-level location in fall 2018 in an all-new shopping, dining and entertainment center being developed in Norwalk, CT, by General Growth Properties (GGP). The Bloomingdale’s store will include a wide assortment of designer and luxury goods, including women’s apparel, shoes, accessories, beauty, men’s, kids and home. Bloomingdale’s Norwalk store is expected to employ a workforce of approximately 200 associates.

Macy's, Inc. Appoints John A. Bryant as Director

John A. Bryant, chairman, president and chief executive officer of Kellogg Company, has been elected to the Macy’s, Inc. board of directors. Bryant, 49, became chairman of the board of Kellogg Company in July 2014 after serving since January 2011 as president and chief executive officer of the company. He has been a member of Kellogg’s board of directors since 2010. Prior to becoming CEO, Bryant held a variety of key senior leadership roles, including chief financial officer, president of Kellogg North America, president of Kellogg International and chief operating officer.

Macy's, Inc. Presents at 2015 Wells Fargo Chicago Retail & Restaurants Round-Up Conference, Mar-19-2015

Macy's, Inc. Presents at 2015 Wells Fargo Chicago Retail & Restaurants Round-Up Conference, Mar-19-2015 . Venue: JW Marriott, 151 W. Adams Street, Chicago, IL 60603, United States. Speakers: Karen M. Hoguet, Chief Financial Officer.


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Price/Earnings 15.4x
Price/Sales 0.8x
Price/Book 4.1x
Price/Cash Flow 14.6x
TEV/Sales 0.4x

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