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

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 CET

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
04:57a SO LONG, SURFACE LOTS : Parking areas redeveloped in Twin Cities suburbs
02/18 With stocks at highs, investors eye consumer results
02/18 MACY : Bowling-and-entertainment outlet confirmed for Northwoods Mall
02/18 MACY : Lush moves to a more spacious store on the Mag Mile
02/17 Earnings scheduled for the week of 2/20/2017
02/16MACY'S INC : annual earnings release
02/16 FAST FACTS : Stores that dropped Trump brand products
02/15 MACY : Sickle cell aside, Chesapeake woman making her way in NYC modeling scene
02/15 MACY’S : Launches YYIGAL, an Exclusive Limited-Time Collection by Designer..
02/15 MACY : Make a splash on spring break with 2017 swimsuit trends
More news
Sector news : Retail - Department Stores
02/17DJAmazon Rivals Have Big Clouds to Fill
02/16 Ralph Lauren hires Vice Media exec to head new marketing role
02/14DJWESFARMERS : 1st Half Profit Rises 13%, Mulls IPO of Officeworks
02/14DJAMAZON COM : Takes on Microsoft, Cisco in Videoconferencing
02/13 Burlington to drop Ivanka Trump brand online - Business Insider
More sector news : Retail - Department Stores
News from SeekingAlpha
09:14a COCKTAIL INVESTING EP 4 : Yellen, South Korea, Plastic Surgery And Mobile Advert..
02/17 Tough Consumer Spending Environment And Its Potential Impact On Macy's, Wal-M..
02/16 Retailers With Competitive Advantages - Poised To Profit From Industry Turmoi..
02/16 Buy-And-Hold Is Essentially Dead
02/16 VALUE HEAD-TO-HEAD : Macy's Vs. Hudson's Bay
Advertisement
Financials ($)
Sales 2017 25 893 M
EBIT 2017 1 863 M
Net income 2017 737 M
Debt 2017 6 254 M
Yield 2017 4,66%
P/E ratio 2017 14,93
P/E ratio 2018 9,81
EV / Sales 2017 0,62x
EV / Sales 2018 0,64x
Capitalization 9 873 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
TrendsBullishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 35,4 $
Spread / Average Target 9,7%
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
Marna Cupp Whittington Independent Non-Employee Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MACY'S INC-9.80%9 873
S.A.C.I. FALABELLA--.--%20 362
CANADIAN TIRE CORPORAT..12.48%8 618
NORDSTROM, INC.-4.67%7 920
KOHL'S CORPORATION-15.01%7 407
LOJAS AMERICANAS SA-1.80%7 190
More Results