M earnings call for the period ending January 30, 2021.
News & Analysis: Macys
Macy's reported relatively good news, but investors were still unhappy when trading opened for the day. Here's what you need to know.
There are still more pitfalls and potholes ahead, despite an expected rebound in 2021.
The top department store operator continues its exodus from small markets and struggling malls.
Macy's continues to confront stiff competition.
The department store chain has lost a lot of market share to competitors like TJX over the past five years. But the next five don't have to be equally bad.
Jefferies believes the company is a good play on an economy that should recover next year.
The COVID-19 pandemic has upended the U.S. department store sector in 2020, but it won't cause long-term damage to Macy's balance sheet.
A string of positive developments is lifting the retailer well beyond its peers.
The department-store chain is still posting double-digit sales declines and losing money but is likely to make a full recovery from the COVID-19 pandemic, driving its stock even higher.