Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Macy's Inc    M

Delayed Quote. Delayed  - 09/30 04:55:21 pm
36.63 USD   +1.61%
04:08p MACY : Sedro-Woolley woman bakes cookies for Macy's employees
04:08p MACY : re-opens to shoppers
04:02p MACY : Malls, stores consider new ways to protect shoppers
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Macy's Invests $15 Million In China Online Retailer; To Get Section On Site

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/23/2012 | 02:53pm CEST

Macy's Inc. (>> Macy's, Inc.) invested $15 million in the China online retail company VIPStore Co. and agreed to sell merchandise through VIPStore's luxury retail site, Omei.com.

Macy's now holds a minority stake in VIPStore, along with other venture capital providers, including Intel Corp.'s (>> Intel Corporation) Intel Capital.

The department-store operator expects to launch the Macy's section on Omei in spring 2013 with sales of I.N.C. women's and men's fashions. It plans to roll out other private brands in the following seasons.

Macys.com had launched online China sales in 2011 through a collaboration with FiftyOne, an international e-commerce provider.

Orders placed through Omei will be filled through that company's facilities in China, while orders placed on Macys.com will still be fulfilled through the U.S.

Macy's, which also operates the high-end Bloomingdale's chain, has been outperforming its mid-tier rivals Kohl's Corp. (>> Kohl's Corporation) and J.C. Penney Co. (JCP) with strategies like tailoring merchandise to local tastes and making in-store and online selling easier. The company reported earlier this month its fiscal first-quarter earnings rose 38% on increased same-store sales and flat overhead costs while sales rose 4.4%.

Shares closed Tuesday at $36.47 and were inactive premarket. The stock is up 13% so far this year.

-By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stocks mentioned in the article : Macy's, Inc., Intel Corporation, Kohl's Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MACY'S INC
04:08p MACY : Sedro-Woolley woman bakes cookies for Macy's employees
04:08p MACY : re-opens to shoppers
04:02p MACY : Malls, stores consider new ways to protect shoppers
03:05a JONES LANG LASALLE : Western Branch sports complex could be coming to ... the ma..
09/29 New York company buys William Penn Place, as BNY Mellon moves out
09/29 Community solar projects sprout up in Minnesota, Massachusetts
09/29 New York company finalizes purchase of William Penn Place
09/29 NOTES FROM THE CHIEF : Cherokee Nation plays critical role in attracting jobs, c..
09/29 MACY : Before Cascade Mall shootings, witness saw suspect near theater
09/29 BON TON STORES : Ton to hire 13,000 for holiday season
More news
Sector news : Retail - Department Stores
02:40aDJWOOLWORTHS : Australia's Woolworths Mulls Sale of Petrol Business
09/29 Seoul court denies arrest warrant for Lotte Group chairman; corruption probe ..
09/29 LOTTE CHEMICAL : South Korea's Lotte Group says still intends to list Hotel Lott..
09/28DJTHE CHEAPEST WAY TO GET ALEXA : Amazon's New Fire TV Stick
09/28DJAMAZON COM : Today's Top Supply Chain and Logistics News From WSJ
More sector news : Retail - Department Stores
News from SeekingAlpha
09/28 Buy Kohl's For The Dividend, Future Growth To Come
09/28 CREDIT SUISSE : Macy's just marking time
09/26 An American Eagle Outfitters Deep Dive
09/25 MACY'S SHOOTING : Suspect arrested after manhunt
09/20 Macy?s sets holiday hiring strategy
Advertisement
Financials ($)
Sales 2017 25 940 M
EBIT 2017 2 002 M
Net income 2017 998 M
Debt 2017 6 121 M
Yield 2017 4,21%
P/E ratio 2017 12,28
P/E ratio 2018 10,32
EV / Sales 2017 0,66x
EV / Sales 2018 0,69x
Capitalization 11 120 M
More Financials
Chart MACY'S INC
Duration : Period :
Macy's Inc Technical Analysis Chart | M | US55616P1049 | 4-Traders
Full-screen chart
Technical analysis trends MACY'S INC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 41,9 $
Spread / Average Target 16%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Terry J. Lundgren Chairman & Chief Executive Officer
Jeffrey Gennette President & Director
Karen M. Hoguet Chief Financial Officer
Sara L. Levinson Independent Non-Employee Director
Craig E. Weatherup Independent Non-Employee Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MACY'S INC3.06%11 120
S.A.C.I. FALABELLA--.--%18 017
LOJAS AMERICANAS SA22.77%7 737
KOHL'S CORPORATION-10.14%7 687
HARVEY NORMAN HOLDINGS..24.16%4 441
MATAHARI DEPARTMENT ST..--.--%4 275
More Results