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Macy's Inc Price and Consensus View photos Macy's Inc Price and Consensus | Macy's Inc Quote Lets Delve Deeper Macy's holiday sales results came below expectations due to the impact of a tough retail landscape, stiff competition from online retailers and waning store traffic. Comparable sales (comps), on an owned plus licensed basis, dipped 2.1% during the combined period of November and December, while on an owned basis, comps fell 2.7%. Further, the changing consumer behavior hurt store sales. However, what came as a respite was that the companys digital business remained robust and also registered double-digit growth at both macys.com and bloomingdales.com. In addition, its apparel business showcased strength in predominantly active and cold-weather merchandise. Fine jewelry, furniture and bedding categories also marked strong sales, but softness prevailed at handbags and watches. Following the lackluster performance, management cut its fiscal 2016 earnings guidance. Macys now envisions fiscal 2016 earnings in the band of $2.95$3.10, down from the range of $3.15$3.40, projected earlier. Moreover, it expects comps, on an owned plus licensed basis, to come in at the lower end of the previously announced sales guidance of 2.53% decline. On an owned basis, comps are expected to be down roughly 50 basis points.
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When you get old enough to register to vote, go and register and vote," Lewis said in a half-hour address. Gunfire during Miami holiday festivities wounded eight people ages 11 to 30 at Martin Luther King Jr Memorial Park, police said. Two people were detained and two weapons seized, and the cause of the shooting is under investigation. RUSSIAN MEDDLING The Trump-Lewis exchange began when Lewis told NBC News in segments of an interview released on Friday that he would not attend Trump's inauguration in part because "I don't see this president-elect as a legitimate president." He referred to the findings of U.S. intelligence agencies that Russia used hacking and other methods to try to help Trump, a Republican, defeat Democrat Hillary Clinton in the Nov. 8 election. Trump was withering in his response the following day, saying in tweets that Lewis, a revered figure who risked his life for civil rights, was "All talk, talk, talk - no action or results." While many Democrats and Republicans said they disagreed with Lewis, they also questioned Trump's decision to denigrate an African-American political leader of Lewis' stature, especially over the Martin Luther King Jr weekend. Civil rights leaders have also opposed Trump's nominee for U.S. attorney general, Senator Jeff Sessions of Alabama, who was denied a federal judgeship in 1986 after allegations that he was racist and harbored sympathies toward the Ku Klux Klan, a violent white supremacist organization. The Senate Judiciary Committee has received letters from 400 civil rights organizations opposing his confirmation to the country's top law enforcement post, Democratic Senator Dianne Feinstein has said.