Macy's Inc said on Tuesday it would cut 100 senior management positions as ...
People shop during a Black Friday sales event at Macy's department store in Manhasset, New York, U.S., November 23, 2018. REUTERS/Shannon Stapleton
The company said it plans to improve productivity by introducing initiatives to grow margin through efficient management of its inventories and supply chain, while investing in categories where the company already has strong market share such as dresses, fine jewelry, men’s tailored, women’s shoes and beauty.
The company now forecasts adjusted profits for fiscal 2019 between $3.05 to $3.25 per share, below analysts estimates of $3.29.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Macy's is cutting 100 management jobs as part of a restructuring plan that it expects to save $100 million annuallyMacy's is cutting 100 management jobs as part of a restructuring plan.
Read more »
Dow rises 100 points as US-China trade hopes build, Intel shares climbStocks rose at the open as another round of trade talks between the U.S. and China wrapped up with investors increasingly more hopeful a deal will be struck.
Read more »