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Retail stocks inch up in the final shopping day before Christmas
Source: MarketWatch - 🏆 3. / 97 Read more »
Macy's is one of the strongest companies out there, says Moody's lead retail analystMacy's shares tanked after the company reported weak holiday sales and lowered guidance. But will it be the next Sears? 'Oh God, that's a real reach,' Moody's Charlie O’Shea said. 'Macy's is in pretty good shape.' EXCESSIVEEEEEEEE I'LL KEEP TALKING THEN. Macy’s has to stay im business or we would have to cancel Thanksgiving and 4th of July Sure MoodysInvSvc. Macys is in such 'good shape' that since 2015 it has closed 15% of all of stores, not to mention its bankruptcy filings. My 1st 'nice' job was at Macy's in Union Square back home in SF, so I hate to see it. But it's been spiraling to its death for ages.
Source: CNBC - 🏆 12. / 72 Read more »