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A collection of news and information related to Macy's, Inc. published by this site and its partners.
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Target, Macy's among retailers suing Visa, MasterCard over swipe fees
ReutersMacy's Inc., Target Corp. and 15 other U.S. retailers sued Visa Inc. and MasterCard Inc. on Thursday over fees to process credit card transactions. The lawsuit, filed in U.S. District Court in Manhattan, came before a May 28 deadline for the millions...Tags: Laws, TJX Companies Incorporated, Antitrust Issues, Kohl's Illinois, Inc., Judges
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Ralph Lauren incumple estimación de ventas, espera repunte de ingresos en año fiscal
Reuters23 may (Reuters) - Ralph Lauren Corp reportó el jueves ventas por debajo de sus propias expectativas, perjudicada por menos envíos a los almacenes europeos, pero dio un pronóstico para el año fiscal que sugiere un repunte para su negocio global....Tags: JC Penney Company Inc.
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BRIEF-Retailers sue Visa, MasterCard over fees
ReutersMay 23 (Reuters) - * Many U.S. retailers file antitrust lawsuit against Visa Inc MasterCard Inc over fees -- court filing * Retailers contend that debit and credit interchange fees are being set at arbitrarily high level * Retailers say they opted...Tags: Litigation, Target, Antitrust Issues, Trials, Personal Data Collection
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Large U.S. retailers sue Visa, MasterCard over card fees
ReutersMay 23 (Reuters) - A group of U.S. retailers including Macy's Inc and Target Corp sued Visa Inc and MasterCard Inc on Thursday, breaking off from a proposed $7.2 billion settlement reached last year over fees to process credit card transactions. The...Tags: TJX Companies Incorporated, Personal Data Collection, Kohl's, Litigation, Target
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Macy's earnings, sales rise as it takes business from rivals
ReutersMacy's Inc. reported higher first-quarter net income and gains in a critical sales metric as it took business from rival department store chains. The company also raised its dividend by 25 percent. Macy's shares closed up 2.5 percent, near a year high....Tags: Kohl's Illinois, Inc., Kohl's, Earnings Forecasts, Edward Jones, Tools and Hardware
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U.S. RESEARCH ROUNDUP: Visa, Wal-Mart, Biogen Idec, Walt Disney
ReutersMay 17 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Macy's and Biogen Idec on Friday. HIGHLIGHTS * Aruba Networks : FBN, JP Morgan, Needham, Wedbush, Wells Fargo cut rating *...Tags: Williams-Sonoma Inc., Colgate-Palmolive Company, Interior Policy, Global Hunter Corporation, Deutsche Bank AG
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Lower income shoppers still feeling pinched, U.S. retailers say
ReutersNEW YORK/CHICAGO (Reuters) - Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to Wal-Mart Stores Inc. Wal-Mart reported...Tags: Corporate Officers, Neiman Marcus, Kohl's, Groceries, Wal-Mart Stores, Inc.
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Wal-Mart U.S. sales weak; outlook below analysts' forecast
Reuters(Reuters) - Wal-Mart Stores Inc posted weaker-than-expected quarterly earnings on Thursday due to poor U.S. sales and said its profit for this quarter might also miss Wall Street's forecast. Everything from pressure on shoppers to a cool start to...Tags: E-Commerce Industry, Sales, Taxation, Groceries, Corruption
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Nordstrom lowers sales forecast as 1st-quarter sales miss
Reuters* 1st quarter profit per share 73 cents vs estimates of 76 cents * Now sees full-year same-store sales up 3-5 pct * Shares down 3.9 percent after-hours May 16 (Reuters) - Nordstrom Inc on Thursday reported lower-than-expected sales and profit for the...Tags: Thomson Corporation, Earnings Forecasts, Nordstrom, Inc.
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J.C. Penney sales, earnings plunge in 1Q
J.C. Penney Co. on Thursday said that total sales and same-store sales posted double-digit declines in the first quarter, as the struggling retailer forecast last week. Its operating margins plunged in the on the weak sales and heavy clearance deals, as...Tags: Thomson Corporation, Companies and Corporations, Corporate Officers, Economy, Business and Finance, Kohl's Illinois, Inc.
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Kohl's expects sales to pick up
Reuters(Reuters) - Kohl's Corp said on Thursday it expects sales to rebound in the current quarter after bad weather in early spring hurt business at the department store chain. The retailer also reported a better-than-expected first-quarter profit, helped by...Tags: Kohl's, Earnings Forecasts, Stock Market, Edward Jones, NYSE Euronext, Inc.
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Penney CEO says company needs time to climb out of 'abyss'
Reuters(Reuters) - J.C. Penney Co Inc Chief Executive Myron Ullman told Wall Street on Thursday that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer. Penney reported another steep...Tags: Corporate Officers, Kohl's, Goldman Sachs Group, Inc., Nanette Lepore, New Products
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