Find in the news:
BY COUNTRY

Macy’s reveals improved figures



The company have exceeded expectations from analysts for the final 2014 quarter but have not met expectations for the New Year.

Macy’s expects its 2015 fiscal earnings to be between R4.70 and $4.80 per share, with analysts expecting it to reach $4.83 per share.

The company’s stock saw a slide of 2% after the release of its results, prior to the opening of the markets.

Macy’s is battling with the move of consumers to research and purchase on their mobile devices before heading for the stores.  In a bid to get in line with this trend, it launched new shopping apps prior to the holiday season and has tested same-day delivery options on purchases from Macys.com and Bloomingdales.com.  The company has announced changes to its executive structure in a bid to boost future growth.  It is expecting its 2014 fiscal year profits to exceed expectations.

The company earned $793m or R2.26 per share during the fourth quarter, compared with $811m or R2.16 per share during the previous year.  The adjusted results indicated $2.44 per share, which excludes the charges for store closures, and marketing and merchandising restructuring.  This surpassed the analyst forecast of $2.39 per share.

Macy’s has also seen an increase of almost 2% in revenue to reach $9.36bn, which is slightly short of the expectation of analysts at $9.4bn.

Its revenues for stores that have been open for at least 12 months, including beauty departments, increased by 2.5% during the quarter.  Sales increased by 2%.  These figures are indicative of the health of the chain as they do not include potentially distorted figures that result from recent store openings and closures.

Related shopping malls and stores:

More about shopping malls in the USA



Mar 24, 2024, China:
Apple's newest store in Shanghai opened on March 21.
Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Friend
and Follow
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
Greenwood Park Mall GLA:1 164 000 SF
ADDRESS: 1251 US Highway 31 N, Greenwood, IN 46142-4514
USA . Greenwood
Greenwood Park Mall
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us