Walmart said people are buying fewer clothes, so it slashed prices to encourage purchases.
Compare M Stock to Peers
|Symbol||Last Price||Market Cap||% Δ 1 Yr||% Δ 5 Yr|
News & Analysis: Macy's
After years of trying to get smaller, Macy's is expanding.
The pandemic was a blessing in disguise for Macy's.
The iconic department store chain unveiled a couple of strategic updates, although neither overcomes its bigger challenges.
After nearly a year of preparation, Macy's is opening Toys R Us-branded shops in all of its full-line stores.
A better-than-expected earnings report propelled shares higher last week, and they have plenty of upside left.
Macy's earnings are soaring, and management expects the trend to persist for the year.
The legacy retailer posted solid Q1 results.
Though it has yet to fully earn the confidence of investors, the retailer is moving in the right direction.
Despite a challenging macroeconomic environment, the retail leader is growing its profits at an impressive clip.