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Company: Macy's Inc. (M)
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78%
agree
32 votes

  Brand consolidation strategies paying off

The conversion of Macy’s regional department stores, including Bon-Macy’s, Burdines-Macy’s, Goldsmith-Macy’s, Lazarus-Macy’s and Rich’s-Macy’s in 2005 has helped Macy’s to build its brand name while giving it more for its advertising dollar on a nationwide basis.

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100%
agree
2 votes

  Nice boost by Citigroup today

Citigroup added Macys ($15.78) to its retail sector top picks.

Up-Coming Catalysts: 1. Raising of 4Q09 EPS guidance depending on how sales come in. 2. 2010 outlook on 2/23/10

Valuation: 1.(M) currently trades at a 9.2 forward P/E, average multiple for department stores is 13.3. 2. 10-year historical range is 6.1-22.8, currently trading towards the lower end. 3. Department store average EBITDA is 6.2, (M) trading at 4.6.

Price Target: $30

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66%
agree
3 votes

  Nice boost by Citigroup

Citigroup added Macys ($15.78) to its retail sector top picks.

Up-Coming Catalysts: 1. Raising of 4Q09 EPS guidance depending on how sales come in. 2. 2010 outlook on 2/23/10

Valuation: 1.(M) currently trades at a 9.2 forward P/E, average multiple for department stores is 13.3. 2. 10-year historical range is 6.1-22.8, currently trading towards the lower end. 3. Department store average EBITDA is 6.2, (M) trading at 4.6.

Price Target: $30

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50%
agree
2 votes

  Focus on creating a better shopping experience should promote higher sales

Macy’s focus on a stronger program of private label and exclusive brands, upgrading systems and giving the Macy’s customer a better shopping experience should promote higher sales at Macy’s stores.

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