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

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

MACY'S INC (M)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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
02:08a TICKETS ON SALE : Meet Martha Stewart at the Detroit Free Press Food and Wine Ex..
12:22a Gap shares rise as Old Navy again boosts results, forecast
12:19a Gap shares rise as Old Navy again boosts results, forecast
08/17 MACY : BGSU Alumna a Top Woman to Watch in Tech
08/17 MACY : retail Irvine Spectrum Center shops relocate, some due to construction at..
08/17 MACY : Film/Video
08/17 MACY : Inland Valley Daily Bulletin, Calif., Suzanne Sproul column
08/16 MACY : BOOMERANG Patriots, Pranksters and Politics
08/16 MACY : Nj blood services
08/16 Target says turnaround efforts are bringing shoppers back
More news
News from SeekingAlpha
08/17 TARGET REPORTS Q2 : Updating My Bullish Comments From Last Month
08/17 Even At $24.48, Not A Fan Of Tanger Factory Outlets
08/16 Sticking My Neck Out For Macy's Again
08/14 CBL & ASSOCIATES : Trying To Frame The Short Thesis
08/14 Worst Case Scenarios For Macy's
Financials ($)
Sales 2018 24 716 M
EBIT 2018 1 870 M
Net income 2018 973 M
Debt 2018 4 769 M
Yield 2018 7,71%
P/E ratio 2018 6,38
P/E ratio 2019 7,54
EV / Sales 2018 0,44x
EV / Sales 2019 0,43x
Capitalization 6 133 M
Chart MACY'S INC
Duration : Period :
Macy's Inc Technical Analysis Chart | M | US55616P1049 | 4-Traders
Technical analysis trends MACY'S INC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 24,3 $
Spread / Average Target 21%
EPS Revisions
Managers
NameTitle
Jeffrey Gennette President, Chief Executive Officer & Director
Terry J. Lundgren Executive Chairman
Robert B. Harrison Chief Omnichannel & Operations Officer
Karen M. Hoguet Chief Financial Officer
Yasir Anwar Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
MACY'S INC-43.34%6 133
S.A.C.I. FALABELLA--.--%23 290
CANADIAN TIRE CORPORATION LIMITED8.99%8 523
LOJAS AMERICANAS SA-3.51%7 736
NORDSTROM, INC.-5.36%7 403
HAINAN HNA INFRSTRCTR INVSTMT GRP CO LTD4.66%7 297