Macy’s plunges after warning that its profit margins are shrinking

Macy’s plunges after warning that its profit margins are shrinking - Hallo sahabat TIMES NEWS MALAYSIA, Pada Artikel yang anda baca kali ini dengan judul Macy’s plunges after warning that its profit margins are shrinking, kami telah mempersiapkan artikel ini dengan baik untuk anda baca dan ambil informasi didalamnya. mudah-mudahan isi postingan Artikel Artis Malaysia, Artikel Bisnis, Artikel Bola Sepak, Artikel Maklumat Terkini Mengenai Melaysia, Artikel Malaysia News, Artikel Malaysia Today, Artikel News, Artikel Perniagaan, Artikel Times News, Artikel Viral, yang kami tulis ini dapat anda pahami. baiklah, selamat membaca.

Judul : Macy’s plunges after warning that its profit margins are shrinking
link : Macy’s plunges after warning that its profit margins are shrinking

Baca juga


Macy’s plunges after warning that its profit margins are shrinking

Macys

Flickr/Mr Hicks

Macy’s warned on Tuesday that its profit margins are shrinking, sending the company’s shares down by as much as 7%.

Karen Hoguet, the department-store chain’s chief financial officer, said at the annual investor day that second-quarter gross margins were running about one percentage point below last year’s level, Bloomberg reported. The company reaffirmed its earnings forecast amid cost cuts. 

Macy’s is shutting down about 15% of its store base, or about 100 stores, as it copes with declining traffic to physical stores and aims to better compete online. Macy’s CEO Jeff Gennette in May did not rule out more store closures to stabilize the brick-and-mortar business.  

To raise cash, Macy’s has been looking for ways to better utlize its real estate. The company said Tuesday that it was looking into “additional alternative uses” of its flagship location in New York’s Herald Square, including using the rooftop.

The shares of other department stores were lower after Macy’s warning. Kohl’s fell 6%, while JC Penney dropped 4%. 

Macy’s first-quarter earnings were weaker than expected. Sales at stores open for at least one year fell by 4.6%, more than the 3.5% drop that analysts had forecast. 

Macy’s shares have lost 35% of their value over the past year. 

Screen Shot 2017 06 06 at 1.07.54 PM

Markets Insider

NOW WATCH: A Stanford neuroscientist reveals something ‘puzzling’ in people who are extremely successful

Please enable Javascript to watch this video

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qTxPoU

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!



Appear first on Times News Malaysia


Demikianlah Artikel Macy’s plunges after warning that its profit margins are shrinking

Sekianlah artikel Macy’s plunges after warning that its profit margins are shrinking kali ini, mudah-mudahan bisa memberi manfaat untuk anda semua. baiklah, sampai jumpa di postingan artikel lainnya.

Anda sekarang membaca artikel Macy’s plunges after warning that its profit margins are shrinking dengan alamat link https://timesnewsmalaysia.blogspot.com/2017/06/macys-plunges-after-warning-that-its.html

Subscribe to receive free email updates:

Related Posts :