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The Latest Breaking News from Jeff Gennette

Macy’s Sales Slide As Retailer Issues ‘Cautious' 2023 Outlook

Despite quarterly sales decline, Macy's results beat expectations as promotions drove traffic.

Nike Inks Wholesale Deal With Macy's After Yearlong Breakup

Nike Inks Wholesale Deal With Macy's After Yearlong Breakup

Nike products will return to Macy's later this year after the athletic shoemaker and department store giant reached a fresh wholesale agreement.

Investors Business Daily

Pride becomes a minefield for big companies, but many continue their support

Pride becomes a minefield for big companies, but many continue their support

Dozens of big companies from Delta and Coca-Cola to Walmart are sponsoring LGBTQ+ Pride events and displaying racks of Pride-themed merchandise

The Independent UK

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Nike Making a Surprising Return to Macy's

After a brief break, Nike and Macy's rekindle their partnership.

Macy's Tumbles After Slashing Profit Forecast Amid Weaker Retail Spending Trends

"We planned the year assuming that the economic health of the consumer would be challenged, but starting in late March, demand trends weakened further in our discretionary categories," said CEO Jeff Gennette.

3 Puts to Sell From Thursday’s Top 10 With Great Income Potential

Most of Thursday’s attention focused on Nvidia’s unbelievable forecast for the second quarter. However, these three unusually active put options were in yesterday’s top 10. All three make great income plays.

Why Big Change at Macy's Might Bring Better Deals For You

Macy's incoming CEO could make it easier for more people to buy Bloomingdale's merchandise at lower prices.

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Macy's Stock Slumps As Retailer Cautions On Holiday Quarter Spending

Macy's Stock Slumps As Retailer Cautions On Holiday Quarter Spending

“Based on current macro-economic indicators, we believe the consumer will continue to be pressured in 2023, particularly in the first half," said CEO Jeff Gennette.

Macy's Stock Jumps As Q3 Earnings, Outlook Challenge Retail Gloom

Macy's Stock Jumps As Q3 Earnings, Outlook Challenge Retail Gloom

"We know the consumer is under increasing pressure and has choices on where to spend," said CEO Jeff Gennette. "With fresh inventory across the value spectrum, we are ready to meet our customers’ needs this holiday season.”

Americans splurge on beauty, despite pullbacks elsewhere

Americans splurge on beauty, despite pullbacks elsewhere

Americans are splurging on beauty as they tighten their budgets elsewhere

The Independent UK

Macy's Stock Higher As Q2 Earnings Beat Offsets Muted Retail Outlook

Macy's Stock Higher As Q2 Earnings Beat Offsets Muted Retail Outlook

"Despite inflationary pressures, consumers continued to shop Macy's as a style source and leading gifting destination," said CEO Jeff Gennette.

Macy's Stock Soars On Q1 Earning Beat, 2022 Profit Forecast Boost As Shoppers Defy Inflation Gloom

Macy's Stock Soars On Q1 Earning Beat, 2022 Profit Forecast Boost As Shoppers Defy Inflation Gloom

"While macroeconomic pressures on consumer spending increased during the quarter, our customers continued to shop," said CEO Jeff Gennette.

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