Moody's Investors Service downgrades the debt of Macy's and Gap to junk due to disruptions caused by the coronavirus pandemic....

Moody's Investors Service, ("Moody's") downgraded Macy's, Inc.'s Baa3 senior unsecured rating to Ba1. At the same time, Moody's assigned Macy's, Inc. a Ba1 corporate family rating, Ba1-PD probability of default rating and an SGL-2 speculative grade liquidity rating. The senior unsecured rating at Macy's Retail Holdings, Inc. and May Department Stores Company (The) were also downgraded to Ba1 from Baa3....

Macy's (M) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues....

Nordstrom Inc said on Monday it would suspend its quarterly cash dividend and share repurchases as it looks to weather the impact from the coronavirus pandemic. The upscale department store chain also said it drew down $800 million on its revolving line of credit. Last week, peer Macy's Inc also...

Macy's (M) suspends its second-quarter fiscal 2020 quarterly cash dividend and withdraws outlook for fiscal 2020 due to uncertainty amid coronavirus....

Macy's Inc. said late Friday it will halt its dividend and is reviewing "all non-essential" expenses and reducing its 2020 capital budget as retailers struggle to stay afloat amid the coronavirus pandemic. Macy's also said it drew all of its $1.5 billion line as a "proactive measure" and is withdrawing its 2020 guidance, reaffirmed in late February. Macy's said its previously announced April dividend will be paid. "The retail environment has deteriorated rapidly since we last provided guidance. And while February results met our expectations, we are now operating in an environment with a high degree of uncertainty, Chief Executive Jeff Gennette said in a statement. The company said it would not provide an updated guidance. Macy's earlier this week said it was closing all stores as of March 18 through March 31. Shares of Macy's were flat in the extended session after ending the regular trading day down 10%....

Macy’s, Inc. (NYSE: M) today announced several actions to position the company for financial flexibility in response to the continued spread and impact of COVID-19....

Macy's (M) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well....

Strong digital business and impressive performance at Growth150 stores are likely to have contributed to Macy's (M) holiday sales results, which coincides with the fourth quarter....

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