Bulls at Evercore ISI upgraded shares of iconic department store chain Macy's Inc. (M) on Monday fromshorttolong, expecting the stock to gain on a "critical turning point" for its sector, reported CNBC. The investment firm views the Amazon narrative as pricing in too much pain for old-gu...
“As previously announced, Macy’s Inc. is committed to rightsizing our store fleet by concentrating our existing retail locations in desirable and well-trafficked A and B malls,” a Macy’s spokeswoman said. CNBC first reported the number of stores being closed this year. The move is not su...
Almost all stores host Black Friday sales, but a few retailers tend to offer the best deals. These Black Friday stars include Amazon, Best Buy, Home Depot, Kohl’s, Lowe’s, Macy’s, Target and Walmart. Is Black Friday the best time to shop for deals?
In the meantime, decidedly blah business capital spending and a strong U.S. dollar are headwinds for the economy, which for several years has grown at an uninspiring rate of around 2 percent annually. “It can’t be overstated: Without strong retail sales, overcoming those problems” would be...