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Target, Macy's Sales Below Estimates

Target (TGT) and Macy’s (M) announced that June same store sales were below analyst estimates. Sales at Target increased by 2.1 percent, below expectations of a 2.8 percent gain. Macy’s reported a 1.2 percent increase in same-store sales, well below the estimate of 2.3 percent.

 

Macy's Profit Rises 38%

Macy's reported higher fiscal-first-quarter earnings on solid sales gains and constraints on overhead costs.

 

Macy's Sues Martha Stewart Living

Macy's sued Martha Stewart Living to block a new licensing agreement with rival J.C. Penney, saying the agreement violated its own exclusive arrangement with the brand.

 

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