Latest news with #Macy's
Yahoo
14 hours ago
- Business
- Yahoo
Why Is Macy's (M) Down 6.9% Since Last Earnings Report?
A month has gone by since the last earnings report for Macy's (M). Shares have lost about 6.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Macy's due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. It turns out, fresh estimates have trended downward during the past month. The consensus estimate has shifted -43.04% due to these changes. At this time, Macy's has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Macy's has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Macy's belongs to the Zacks Retail - Regional Department Stores industry. Another stock from the same industry, Dillard's (DDS), has gained 2.7% over the past month. More than a month has passed since the company reported results for the quarter ended April 2025. Dillard's reported revenues of $1.53 billion in the last reported quarter, representing a year-over-year change of -1.3%. EPS of $10.39 for the same period compares with $11.09 a year ago. For the current quarter, Dillard's is expected to post earnings of $3.47 per share, indicating a change of -24.4% from the year-ago quarter. The Zacks Consensus Estimate has changed +2.3% over the last 30 days. Dillard's has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Macy's, Inc. (M) : Free Stock Analysis Report Dillard's, Inc. (DDS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
CBS News
2 days ago
- Entertainment
- CBS News
Fireworks scheduled for several locations tonight around NYC
New York City is kicking off summer 2025 with a bang. Several fireworks shows are scheduled Thursday night. We're in the first official week of summer, and it's the last day for New York City public schools. So now that our heat wave is behind us, it's time for some fun. Fireworks expected tonight in NYC Three different fireworks displays are scheduled for Thursday night, according to 311. The first starts at 9 p.m. over the George Washington Bridge. The second is set for 9:15 p.m. on Ward Island for the 41st annual Central Astoria Independence Day Celebration. Organizers say the event starts at 7:30 p.m. at Event Area 2 inside Astoria Park, and the fireworks will start at sundown. The final display is scheduled for 9:20 p.m. at Orchard Beach for the Bronx Fireworks Extravaganza. Organizers say this starts at 5:30 p.m. near Section 5 of the beach. Then on Friday, there will be another fireworks show from 9 to 9:30 p.m. at Coney Island Beach. NYC 4th of July fireworks next week Several other displays are scheduled next week as the Fourth of July approaches, but the big one will be the annual Macy's 4th of July Fireworks show next Friday. Last year, it moved to the Hudson River on the West Side of Manhattan for the first time in more than a decade. But this year, the best views will be on the East Side, as the fireworks are launched from the Brooklyn Bridge and four barges below. Mayor Eric Adams says this year the city is also celebrating 400 years since its founding. "As we celebrate 400 years since New York City's founding, we're thrilled to welcome the crowds, once again, to experience an unforgettable Independence Day at our world-famous Brooklyn Bridge and East River skyline!" he said in a statement when the show was announced.
Forbes
3 days ago
- Entertainment
- Forbes
11 Luxury Ways New York City's 1% Celebrates July 4th Fireworks
The timeless glamour of the 1983 fireworks over the Brooklyn Bridge with bright fireworks displays a glow over the twin towers in the gala nocturnal salute to the century-old span. Glittering lights from lower Manhattan skyscrapers are visible in the background. Bettmann Archive When the city's wealthiest escape the city for the Fourth of July celebration, a select few remain—turning Manhattan into their private playground. For them, the Macy's fireworks aren't just a spectacle; they're the backdrop to a lavish soirée. From superyachts to penthouse terraces, these are the most opulent ways to celebrate. The Vale Garden Residence at The William Vale in Brooklyn has a private wraparound terraced balcony offering expansive views of New York City, double-height floor-to-ceiling windows, and an open-air jacuzzi. The William Vale The Vale Garden Residence, a duplex suite at Brooklyn's only true luxury hotel, offers a wraparound terrace with sweeping skyline views, floor-to-ceiling windows, and even an open-air jacuzzi. But the real draw for July 4th? Westlight, the hotel's rooftop bar, where guests sip cocktails against the backdrop of the Brooklyn Bridge and fireworks. If it's not already booked, snag this two-bedroom suite and host family and friends for a sparkling affair. It will be well worth the investment. The Tin Building by Chef Jean-Georges is a culinary destination dining venue with fresh meats, fish, produce and delicious bites. There are also multiple restaurants with open kitchens, chef-grade pantry staples and rare ingredients. The Tin Building Jean-Georges' "Taste of Tin" event grants VIPs access to a private East River viewing area, complete with steak frites from T. Brasserie, lobster rolls from the market, and an open bar. The catch? You won't see the Brooklyn Bridge directly, but with a glass of Champagne in hand, you won't mind. An Aman suite bedroom at New York City's luxury hotel, Aman New York inside Manhattan's landmark Crown Building. Aman hotels Bring up to 20 guests for a $39,000 superyacht cruise down the Hudson River featuring a private chef, open bar, hand-picked DJ, and an inflatable pickleball court for some fun on the water under the fireworks. Departures run from Chelsea Piers or Lower Manhattan. The invitation-only two-bedroom residence at Aman New York ($25,280/night) is hidden inside the Crown Building, offering skyline views, private elevators, and access to the three-story spa. Normally limited to the residence's owners or invited guests, Royal Expression Travels offers exclusive stays from July 3-6. Chauffeured Luxury Car Service Need seamless transfers between yachts, hotels, and Bergdorf Goodman? For $2,100 per day, Royal Expression Travels provides an SUV or sedan with a driver at your beck and call to arrange anything from last-minute diamond shopping or rerouting helicopters to a discreet helipad. The Manner in SoHo – The Penthouse Suite - Luxury Fourth of July New York City The SoHo skyline, as seen from The Manor's penthouse terrace: a jagged symphony of cast-iron and glass, where 19th-century mercantile grit collides with 21st-century billionaires' whims The Manner, a Hyatt Unbound Collection Property The 1,800 sq. ft. penthouse atop The Manner, a Hyatt Unbound Collection property, is perched like a well-heeled grande dame surveying her SoHo domain. The two-story suite features a travertine fireplace, a wraparound terrace, and some of the best views in SoHo. Ideal for a chic, intimate gathering, just add Champagne to set the mood for a perfect private fête. The views are as cinematic as a Fellini dolly shot. The Park Lane New York - Luxury Fourth of July New York City A serving of Royal Ossetra caviar with trimmings of cucumber, chopped onions, blinis and sour cream at the luxury Park Lane New York. Gonzalo Loayza, At The Park Lane New York, the 4th of July is not celebrated, it's curated. The 24/7 Caviar Hotline delivers Royal Ossetra with blinis, crème fraîche and Dom Pérignon on demand. Because nothing says "America" like Russian sturgeon roe and French bubbly. Gazing out from the iconic arched windows overlooking Central Park is a quintessential Manhattan experience for the well-heeled perfect — the perfect escape from paparazzi for some, the Independence Day splurge for others. Park Hyatt New York - Luxury Fourth of July New York City The living room of the Manhattan Suite with floor-to-ceiling windows overlooking Central Park is a magical destination for a 4th of July celebration. Park Hyatt New York The $50k per night Manhattan Suite at the Park Hyatt New York is a sky sanctuary flooded with natural light and breathtaking views of the city skyline. If privacy and panoramic views are the prize, the floor-to-ceiling windows frame the city like a postcard, whether you're toasting at noon or midnight. $85K Private Rooftop Soirée by Drip Castle Estate Collection - Luxury Fourth of July New York City For those who prefer altitude over aquatic, Drip Castle Estate Collection curates a private 12-guest rooftop gala in Midtown, including a sommelier, live classical music, and a drone crew to film the extravaganza. The venue-soaked hubris is $85,000, merely a cover charge to gain legend status. Summit One Vanderbilt: Best View in the Borough - Luxury Fourth of July New York City The eye-level view of the fireworks in Manhattan from Summit One Vanderbilt at 1,100 feet above the center of Manhattan. Summit One Vanderbilt There are just a handful of opportunities to enjoy America's birthday and be just above it all, sky high enough to be eye-level with the fireworks. Summit One Vanderbilt's Exclusive Fourth of July could be Manhattan's most luxe skyline celebration, where the glittering skyline will feel like an exclusive celebration at 1,100 ft. above street level. Ticketed guests will enjoy live music, bites of artisanal hot dogs with truffle aioli, and smoked portobello sandwiches with Gruyère and cocktails. The immersive spectacle takes guests both inside and out with Affinity's mirrored orbs, light shows in the elevators and full access to Summit's tri-level observatory for the most coveted views. Pricing: $149 for youth and $259 for adults. Fushimi Times Square - Luxury Fourth of July New York City Inside the elegant and chic Fushimi Times Square, where the sake purs like a Truffaunt montage and the mackerel arrives with a plot twist. Fushimi Times Square Fushimi isn't just another Times Square restaurant; it's a destination where Broadway drama meets sushi mastery. Under the neon glow of Broadway, Fushimi thrums with energy, drawing sushi purists and pre-show crowds into the chic space. The menu is a tightrope walk of razor-fresh sashimi and playful Japanese fusion, all served in a space that feels like the sleek lovechild of a Midtown loft and an izakaya. (Yes, that's a compliment.) You're sharing a sidewalk with Oh, Mary! 's chaos, Sunset Boulevard 's tragic glamour, and the quiet magic of Maybe Happy Ending (each is just steps from Fushimi). Dinner here isn't a meal — Fushimi is a prologue to whatever show you're seeing next. On Saturdays and Sundays, flip the script with the Bestie Brunch: Podcast & Dine. From noon to 5 p.m., sip stupidly good cocktails, then slide into a nearby table, dedicated to recording your podcast (all equipment and editing is included in the price of brunch). With your dedicated producer, Fushimi turns lunch into a scene — literally.
Miami Herald
4 days ago
- Business
- Miami Herald
Struggling department store chain shares more bad news
The news keeps getting bleaker for retailers. Even the most iconic brands are struggling these days, shutting down underperforming stores and in some cases closing all doors forever. Beloved brands like Macy's and Nordstrom are not immune to the chaos, and neither are niche outlets like Lululemon and Foot Locker. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter Foot traffic to indoor malls has largely returned to pre-pandemic levels, but some stores just have not been able to regain the success they enjoyed for decades. Plus, brands that are perceived as stale have a harder time reinventing, especially when they're already on their heels. That's been the case for JCPenney, a company founded in 1902. At its height, it operated more than 2,000 stores and had a mail-order catalog that was found in practically every household in the U.S. But the company stopped publishing the catalog right around the time it started closing stores in 2010, and it now operates around 650 stores. JCPenney filed for bankruptcy in 2020. It emerged from Chapter 11 that same year under new ownership, but it is still undertaking changes needed to sustain the business. Now, JCPenney has announced it will shut down a major fulfillment facility in Haslet, Texas. The location, officially called the JCPenney Alliance Regional Logistics Center, will cease operations in early November. Around 300 employees are affected. According to a Worker Adjustment and Retraining Notification (WARN) filed with the Texas Workforce Commission earlier this month, the closure is scheduled for around November 1, with job cuts unfolding in two waves: August 1–14, followed by November 1–14. JCPenney says workers will be offered severance pay, benefits, and potential relocation to other company sites. Related: Sending packages via UPS is going to cost you more JCPenney says the decision to close the Texas facility was a necessary step to "build a stronger, more competitive company" and enhance the shopping experience for customers. The company also says the difficult move is part of a broader strategy aimed at operational consolidation and cost optimization. The Texas logistics center closure occurs as JCPenney navigates a period of significant financial strain. The chain's net sales fell sharply - by 8.6% in 2024, dropping to $6.3 billion - and the company swung to a net loss of $177 million, a dramatic reversal from a $30 million profit the previous year. Consolidated adjusted EBITDA also declined more than 45% to $172 million. Earlier this year, JCPenney merged with SPARC Group, the company that manages legacy brands like Brooks Brothers and Eddie Bauer, to create Catalyst Brands. As part of this integration, the company reduced its corporate staff by around 5% in February and then another 9% in April. JCPenney has also closed dozens of stores since pandemic and is also attempting to rejuvenate the brand by partnering with brands like Sephora, Nike, and Adidas, hoping to drive more foot traffic to its mall anchor stores. More on retail and bankruptcy: Walmart store closing, auctioning off laptops and flat screen TVsHome Depot CEO sounds the alarm on a growing problemFamous restaurant files for Chapter 11 bankruptcy Still, the company is losing ground to e-commerce giants like Amazon, Walmart, and Target. Rising rent and labor costs, coupled with uncertainty around tariffs and cautious consumer spending, are adding pressure to its legacy as a brick-and-mortar brand. The initial wave of layoffs beginning August 1 may not comply with the federally mandated 60‑day notice period, triggering possible legal action. A Chicago-based law firm, Strauss Borrelli PLLC, has indicated a class-action suit may be initiated on behalf of the affected employees. Related: FedEx layoffs signal a concerning business trend The logistics center in Haslet is located near Fort Worth, within a bustling industrial corridor along Intermodal Parkway, home to major distribution hubs for companies like Michaels, SC Johnson, Kraft Heinz, Coca‑Cola, and Amazon. Its loss will impact not only JCPenney's supply chain, but the broader Fort Worth economy, where FedEx (FEDEX) will also close a major logistics center. The FedEx layoff affected more than 300 employees after a major client decided to take its business elsewhere. Still, JCPenney insists the closure and layoffs are essential for strengthening its operations and ensuring its long-term viability. "We appreciate the contributions of all affected associates…and are committed to supporting them with transition resources, including severance and benefits," the company said in a statement to Retail Dive. Related: Amazon suddenly closing key warehouse, signaling delivery shift The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Fox News
20-06-2025
- Lifestyle
- Fox News
Denim styles for every look this summer
Whether dressing up for a night out or dressing down with sneakers for a casual daytime look, denim offers versatility that few other fabrics can match. The adaptability of denim allows it to transcend seasonal trends, making it a go-to choice year-round and is evident in its myriad of forms: classic jeans, chic skirts, structured jackets, and trendy vests. Here are 10 must-have denim pieces to add to your lineup this summer: This Elleven cropped denim vest is super on trend and brings a touch of Western flair to your wardrobe. Its V-neck design and lightweight fabric make it perfect for layering over dresses or pairing with wide-leg linen pants. Colored denim has reemerged from decades past, and you can get this style in fun colors like pink or just go with a summery white or acid-washed black. If you're an Amazon Prime member, you can get these items to your door ASAP. You can join or start a 30-day free trial to start your shopping today. Fidelity's Lily jeans offer a flattering mid-rise fit, boot cut design suitable for various body shapes, a light wash and a cropped length perfect for summer. These will be your go-to jeans to pair with everything from a crisp white blouse and heels to a light tee and casual sneakers. If you're looking to spend a little less, a similar pair of jeans is available on Amazon for less than $40. This Levi's floral bustier at Macy's offers a fresh take on denim, blending femininity with classic elements. It's a versatile addition to any wardrobe, ideal for spring and summer outings. Take it a step further and sport your own version of the Cowboy Tuxedo with the matching jeans for $98. This Opal swing denim jacket by Free People introduces a playful twist to the traditional jean jacket. Its swingy silhouette and defined pleating at the back add movement and style. It looks great layered, or on its own over a simple tank or tee. If you are looking for a more classic denim jacket, Old Navy has you covered with its aptly named 'Classic' jean jacket. Original price: $44.99 Old Navy's mid-rise jean maxi skirt combines comfort with a classic pencil skirt design. Its high-waisted fit and maxi length make it suitable for various occasions, from casual days to more dressed-up events. It's a versatile addition to your closet that can be styled in many different ways. If you'd rather keep it short for summer, a mini version is also available at Old Navy in two different washes. Original price: $98 In recent years, we've been introduced to a shirt/jacket hybrid trend known as the 'shacket.' This oversize denim shacket offers a fit that's both comfortable and on-trend. It's ideal for layering during transitional seasons and the relaxed style adds a laid-back vibe to any outfit. Walmart also offers this light-washed fringe-trimmed version that's a similar style. Original Price: $189 This wide-leg denim jumpsuit from Avec Les Filles at Nordstrom adds a touch of glamour to your denim ensemble, with its flattering and feminine zip-up corset bodice design, making it a statement piece for special occasions or a night out. If you're looking for something just as cute but a little more casual, consider this Jayde jumpsuit from Free People. Denim doesn't always have to be blue and this Free People Madison City jacket offers a relaxed and effortless look in colors like olive and tan. With its button-down style and chest pocket details, it's a versatile piece that complements various outfits. Pair with contrasting colored denim on the bottom, like the tan jacket worn with a white tee or nautical striped tee over these olive skinny jeans. This babydoll-style denim dress on Amazon features a tiered design that adds a playful and girly touch to classic denim. Its relaxed fit ensures comfort, while the short sleeves and above-the-knee length make it suitable for warmer days. It also comes in more than a dozen different washes and colors. Pair it with sandals for a casual day out or dress it up with heels for an evening gathering. If you really want to commit to the trend and go head-to-toe in denim, grab these Chinese Laundry platform sandals at Zappos. For more deals, visit Who says denim can't be daring? This Yoeasy sleeveless maxi dress on Amazon sports a figure-flattering silhouette and plunging halter neckline while offering the comfort that denim provides. Its simple design also allows for easy accessorizing. Pair it with platform wedge sandals and a statement necklace for a chic summer look.
