Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
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
Latest news on MACY'S INC
10:01a MACY : and G-III Sign Exclusive Agreement for DKNY Women’s Apparel and Acc..
03/26 MACY : Shoppers mourn last days of Macy's, Sears
03/26 'PEOPLE AREN'T SPENDING' : stores close doors in 'oversaturated' US retail marke..
03/26 AMERICAN EXPRESS : Winn-Dixie's reward program changing aplenty
03/26 MACY : British shops quake as big US names shut thousands of stores
03/26 MACY : final day at Valley View Mall is Sunday
03/25 Virginia Center Commons faces challenges under new ownership The new owner of..
03/24 MACY'S, INC. : Change in Directors or Principal Officers (form 8-K)
03/24 AMERICAN EXPRESS : Winn-Dixie's reward program changing aplenty
03/24 MACY : Where are those theaters and hotel around Golden 1 Center? Coming, Kings ..
More news
Sector news : Retail - Department Stores
12:26pDJToday's Top Supply Chain and Logistics News From WSJ
03/26DJAMAZON COM : The High-Speed Trading Behind Your Amazon Purchase
03/24DJWAL MART STORES : With Niche Sites, Wal-Mart Tries Selling to Hipsters
03/24DJAMAZON COM : Defeats IRS in Tax Case -- WSJ
03/24 AMAZON COM : wins $1.5 billion tax dispute over IRS
More sector news : Retail - Department Stores
News from SeekingAlpha
08:47a Don't Chase Finish Line
07:11a Is Costco Really Worth Twice As Much As Target?
06:09a Macy?s and G-III sign exclusive agreement for DKNY women?s apparel and access..
03/26 PRO PORTFOLIO PROOF I : 'Safer' Contrarian Picks From David Dreman
03/25 Amazon looks to disrupt retail store concept
Financials ($)
Sales 2018 24 803 M
EBIT 2018 1 862 M
Net income 2018 1 040 M
Debt 2018 4 824 M
Yield 2018 5,58%
P/E ratio 2018 8,57
P/E ratio 2019 9,68
EV / Sales 2018 0,54x
EV / Sales 2019 0,54x
Capitalization 8 611 M
More Financials
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
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 22
Average target price 34,8 $
Spread / Average Target 23%
Consensus details
EPS Revisions
More Estimates Revisions
Jeffrey Gennette President, Chief Executive Officer & Director
Terry J. Lundgren Executive Chairman
Karen M. Hoguet Chief Financial Officer
Sara L. Levinson Independent Non-Employee Director
Marna Cupp Whittington Independent Non-Employee Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MACY'S INC-21.33%8 611
S.A.C.I. FALABELLA--.--%20 645
NORDSTROM, INC.-12.48%6 999
More Results