Macy’s, Inc. (M) Offers a Buying Opportunity for Long-term Investors: CEO

-

Terry Lundgren, the chief executive officer of Macy’s said the company is not just offering deals for clothing and other items on Black Friday, but also an opportunity to make money over the long-term

According to Lundgren, the recent challenges confronting Macy’s offer a buying opportunity for long-term investors.

Macy’s stock price is on sale

In an interview with Bloomberg, Lundgren emphasized that the shareholders of the company have been “rewarded handsomely and they will again.” He added, “Not only our sweaters are on sale, our stock price is on sale.”

Lundgren pointed out Macy’s consistently came back and outperformed the marketplace after experiencing challenges. The stock price of the company declined more than 40% over the past six months.

Challenges confronting Macy’s

In November 11, the management of the company expressed disappointment because its pace of sales did not improve in the third quarter. Macy’s was negatively impacted continued tepid spending of domestic customers as they focused on saving. Other consumers prefer to buy cars or spend their money on home-improvement.

Additionally, the strong dollar is affecting the financial performance of the largest U.S. department-store chain operator as tourists cut spending.

Macy’s reduced its 2015 earnings guidance in the range of $4.20 to $4.30 per share from $4.70 to $4.80 per share. The company also expected its comparable sales to decline by 1.8% to 2.2%.

According to Lundgren, the biggest challenge confronting Macy’s is mall traffic. The company is planning to close as much as 40 underperforming stores next year.

“Will those factors impact us forever? The answer is no. So for someone with a short-term focus, I totally get it and the impact you’re seeing here. But if you believe in the history of what we’ve been able to accomplish when our backs are against the wall, you’d bet on this company,” said Lundgren.

Lundgren is confident the Macy’s will overcome the challenges and return to its previous sales growth.

Market analyst Jeremy Skrezyna believes that the stock price of Macy’s could increase by 130%. They key catalyst for the stock’s potential upside is the company’ real estate assets (worth around $26 billion).

The stock price of Macy’s climbed nearly 2% to $40.38 per share on Wednesday.

Avatar
Marie Cabural
Marie holds a Bachelors Degree in Mass Communication. She has an extensive experience in Journalism. Marie started in the industry in high school and her forte is news and editorial writing. She previously worked as a news writer and radio program producer at Nation Broadcasting Corporation (NBC) in the Philippines. She has also experience in advertising, events management, and marketing. She was a former Young Ambassador of Goodwill to the 26th Ship for Southeast Asian Youth Program (SSEAYP). She also writes for ICANNWiki, ValueWalk, and the The Motley Fool Blog Network. You can contact Marie [email protected]

Share this article

Recent posts

Should You Let Your Child Play Contact Sports? – 2020 Guide

In the past decade, we’ve learned a lot more about the potential risks of contact sports, but that’s mostly focused on college and professional...

6 Benefits of Investing in Residential Mortgage-Backed Securities

Have you ever considered investing in residential mortgage-backed securities (RMBS)? If not, you’re missing out on a lucrative opportunity. What is residential mortgage-backed security? Investopedia explains...

Best Double Sided Suction Cups with Screw Sucker Pad

Suction cups are used for a variety of things. They’re vital for being used as holders and hangers of various things in the home,...

Ways to Create a Private Backyard Paradise

Creating decorative backyard tricks with your own hands from scrap materials, you should observe the following conditions: mandatory presence in the design of a...

How to Have an Unbelievably Fun Wedding Without Booze – 2020 Guide

There are so many good reasons to opt for a wedding that ditches the booze. For one thing, a sober wedding is more affordable;...

Popular categories

1 COMMENT

  1. Macy’s stock will continue to sink until their spineless CEO Terry Lundgren comes clean and apologizes to Donald Trump and the American people for his dishonest betrayal back in July.

    Their stock is sinking because he tried to stab Trump in the back, and we will continue the boycott. If they go bankrupt then so be it. Trump can buy any healthy parts of the company afterwards.

    There is absolutely no room for political correctness and cultural marxism in the public debate. Lundgren had better smarten up on that.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

What is 7 + 9 ?
Please leave these two fields as-is:
IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) 🙂

Recent comments

rayschoon.marsfet.co.nl on How to manage your PPC campaign
https://usahealthreports.blogspot.Com on The future is here with Proven Skincare
Dale Goodman on Yukon Men Cancelled?
Ryan wants more Korra kicking ass. Varrick is bad ass!! on The Legend Of Korra Season 5 Release Date, News and Updates
Guess I'll just go jump off a duck. on Aoharu x Machinegun Season 2 Release Date
lillian bradley-gares on Yukon Men Season 7 Latest News
human lovers suck on Zootopia 2 Sequel Confirmed
Sharon Genth on Yukon Men Cancelled?
Yessenia Martínez Martínez on Taxi Brooklyn Season 2 release date and more!
crysostomos haloftis on Cowboys To Bring Back Dez Bryant?
Randolph Johnson on Cowboys To Bring Back Dez Bryant?
Matthew Brooks Brown on Cowboys To Bring Back Dez Bryant?
Charles T DeLattre on Cowboys To Bring Back Dez Bryant?
Wojciech Oszczakiewicz on Top 5 Worst Finishers Of All Time
Bill carpenter on Counting Cars Cancelled?
Karen on No Gentleman
jan ronk on No Gentleman
Vcoutelier on No Gentleman
Shanna on No Gentleman
bily gilliam on Zootopia 2 Sequel Confirmed
Barbara on No Gentleman
F. Hawker on No Gentleman
Patrick Charles Pineda on Mr. Pickles – Season 3 Release Date
David Woodcock on River Season 2 Release Date
David Gabriel Taylor on Seraph of the end Season 3 Release Date
Lieutenant BaconWaffles on Beetlejuice 2 Release Date
Lana Patrizia Nahapetian on Junjou Romantica Season 4 Latest News
John Knehans on Counting Cars Cancelled?
Crusty weave on Zootopia 2 Sequel Confirmed
Prince Yohanan Ben Yahudah on Colin Kaepernick in Dallas Cowboys?
Anata no Tomodachi on Trinity Seven Season 2: Release Date
Awesome1pc2 Ananymous on SVTFOE season 3 release date
LighthawkDemon on Zootopia 2 Sequel Confirmed
Robert Presti Sr on Counting Cars Cancelled?
James STanley on SVTFOE season 3 release date
Phương Phiêu Diêu on Barakamon Season 2 Release Date
𝕲𝖍𝖔𝖚𝖑 on Re:Zero Season 2 Air Date and Spoilers
ÃᖇᑭᗴᎶᎶᎥØØℱβŁỮ€ŞŤ€ᗴŁ✔ᶰᵉᵏᵒᶠᶤᵉᵈ on High School DxD Season 4 – Updates, Spoilers, Air Date
Central Intelligence Agency on Highschool of The Dead Season 2 Release Date
Senator D. Plorable (I-USA) on Windows 11 – What It Would Look Like?
Ibrahim Durrani on Windows 11 – News and Updates
Joshua Adams on Zootopia 2 Sequel Confirmed
renamoretti1 on Empire Renewed for Season 4
Sara Doodnath on Justified Season 7 Cancelled
Just Another Random Person 🙂 on Code Geass Season 3 Release Date Speculations
Sara Doodnath on Justified Season 7 Cancelled
Joyce Mitchell on Yukon Men Cancelled?
Mike-Janet Sowell on Yukon Men Cancelled?
Shiranami Kaishido (Shi) on Reigns Beating Strowman Was A Bad Decision
eduard karpoev on Shimoneta Season 2: Updates
Dendy Planeptune on Shimoneta Season 2: Updates
Glenn Martin on Yukon Men Cancelled
WillFanofMany1 on Zootopia 2 Sequel Confirmed
WillFanofMany1 on Zootopia 2 Sequel Confirmed
Garland Remington on The Curse Of Oak Island Canceled?
Garland Remington on The Curse Of Oak Island Canceled?
Garland Remington on The Curse Of Oak Island Canceled?
Garland Remington on The Curse Of Oak Island Canceled?
Garland Remington on The Curse Of Oak Island Canceled?
Garland Remington on The Curse Of Oak Island Canceled?
Garland Remington on The Curse Of Oak Island Canceled?
Yatogami ✔ᵛᵉʳᶦᶠᶦᵉᵈ on Noragami – Season 3 Release Date, News & Update
Garland Remington on The Curse Of Oak Island Canceled?
Patrick Lambert on Zootopia 2 Sequel Confirmed
Astracifationo on Zootopia 2 Sequel Confirmed
Astracifationo on Zootopia 2 Sequel Confirmed
Joy McGowan Elson on Hemlock Grove Season 4 Canceled
🅼🅾🅳🅳🅴🅳__ 🅷🅰🆇🅾🆁 on Seraph of the end Season 3 Release Date
jonnysw on No Gentleman
Kevin Kylie on No Gentleman
Victor Szendzielarz on No Gentleman
Usunder on No Gentleman
David E on No Gentleman
David D'Angelantonio on The Curse Of Oak Island Canceled?
MAC on No Gentleman
Angriest_Beaver on Zootopia 2 Sequel Confirmed
Angriest_Beaver on Zootopia 2 Sequel Confirmed
Gingerbread2 on No Gentleman
disqus_feN63FpcdG on The Curse Of Oak Island Canceled?
disqus_feN63FpcdG on The Curse Of Oak Island Canceled?
Michael on No Gentleman
Trumpworksforrussia on No Gentleman
Lisa Amey on No Gentleman
William McGrath on No Gentleman
tineras on No Gentleman
D. Kaye on No Gentleman
DardaniaLion on GTA 6 – News & Update
herp derperson on Log Horizon Season 3
Debbie Hillen-Reyes on Lucifer Season 3: Will it happen?
Patrick Lambert on Zootopia 2 Sequel Confirmed
Carol Shingle Swenson on The Curse Of Oak Island Canceled?
SiliconAddic on Zootopia 2 Sequel Confirmed
SeiRruf MalaWolSki on Zootopia 2 Sequel Confirmed
YanossGaming on Zootopia 2 Sequel Confirmed
Ryan Woodward on Zootopia 2 Sequel Confirmed
NoRightToNotBeOffended on The Curse Of Oak Island Canceled?
Nathaniel D Vitchner on The Curse Of Oak Island Canceled?
Sandy Rehfuss Scott on The Curse Of Oak Island Canceled?
Furious Shiroe on Log Horizon Season 3
Timothy Ouellette on Black Bullet Season 2?
Charles Gauthier on The Chevy Bolt vs. Tesla Model 3
baz on
Acebravo on
havasu46 on
RobertJGood on
Acebravo on
Pjews on
Acebravo on
BritishGuy94 on
Kurt Windibank on
Kurt Windibank on
Bill on
LP on
Frenchman75 on
johns19 on
Jimmy Witts on
Pjews on
Devon Ho on
Padraig Aidan Doherty on
Nick on
MF33 on
Acebravo on
Disqusr on
DavidB23 on
Bob Bigellow on
Joh Lei on
rbestlab on
Joe Maristela on
Acebravo on
Zachary Braganza on
Acebravo on