Macy’s Strategic Efforts Bode Well, Stock up 12% in a Month | Zacks.com

Hidden Catalyst
We believe that the Zacks Rank #3 (Hold) company’s sustained focus on price optimization, inventory management, merchandise planning, and private label offering are the primary catalysts, facilitating in meeting customer-oriented demand as well as improving in-store shopping experience. In an attempt to increase sales, profitability and cash flows, the company has been taking steps such as integration of operations as well as developing e-commerce business and online order fulfillment centers.

In another move, Hal Lawton has been appointed as president of Macy’s. Lawton who previously served as the senior vice president in eBay North America, will directly report to the company’s CEO Jeff Gennette. At Macy’s, Lawton will be handling merchandising, stores, operations, technology, along with consumer insights and analytics.

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Macy’s Strategic Efforts Bode Well, Stock up 12% in a Month – September 14, 2017 – Zacks.com.