Macy's is luring online shoppers and its stock is winning Black Friday
Advertisement
Thomson Reuters
Advertisement
- Macy's stock rose 4% to $21.45 on Black Friday, outperforming other large retailers.
- CEO Jeff Gennette said on CNBC the company had "very robust online demand" on Black Friday this year.
- Gennette said the company is doing better this year than last year but has a lot of work to do if it wants to post a good holiday quarter.
- The stock is struggling amidst an ongoing retail apocalypse and is down 39.01% this year.
- "We have got to earn our dollar every day," Gennette told CNBC.
See how the other retailers are doing on Friday.
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market