Macy’s Inc (NYSE:M) shares are trading lower by 2.5% to $19.25 during Thursday’s session. The stock is falling following mixed economic data and worse-than-expected first-quarter results from peer retail company Kohl’s Corp (NYSE:KSS). What Happened?
Will Louisiana have a float in the Macy's Thanksgiving Day Parade?
Tourism leaders say Louisiana will not have a float in the Macy's Thanksgiving Day Parade. Since 2021, Louisiana has been represented in this parade and has had a float rolling down the New York Streets. This year New Orleans native Jon Batiste performed on the float. Lt. Gov. Billy Nungesser says a three-year contract and commitment ended.
Does Macy's & Kohl's have a high interest rate?
Department store chains including Macy's and Kohl's have sounded caution on consumer spending as customers have tamped down on discretionary spending amid high interest rates. Nordstrom reaffirmed its 2024 comparable sales forecast of a 1% drop to a 2% rise and annual profit per share of $1.65 to $2.05.
