This is a news story, published by CNBC, that relates primarily to Barington Capital news.
For more Barington Capital news, you can click here:
more Barington Capital newsFor more consumer & retail news, you can click here:
more consumer & retail newsFor more news from CNBC, you can click here:
more news from CNBCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like consumer & retail news, you might also like this article about
Macy. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest sales news, Wall Street news, consumer & retail news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Wall Street expectationsCNBC
•Business
Business & Economics
74% Informative
Macy 's beat Wall Street's earnings expectations but fell short on revenue.
The company's so-called " First 50 " locations the stores that Macy 's is devoting more resources to as part of its turnaround plan outperformed the overall company.
In December , activist investor Barington Capital revealed it's taken a stake in Macy 's and wants the company to cut costs and consider monetizing its real estate portfolio.
"Building on our momentum, we continue to elevate the customer experience, deliver operational excellence and make prudent capital investments," Adrian Mitchell , Macy 's chief operating officer and chief financial officer, said in a statement. "We remain committed to generating healthy free cash flow and returning capital to shareholders through share buybacks and predictable quarterly dividends.".
VR Score
82
Informative language
86
Neutral language
44
Article tone
semi-formal
Language
English
Language complexity
56
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links
