1 day ago - marketwatch.com

The parent of high-end retailer Saks Fifth Avenue is buying rival Neiman Marcus, with some help from Amazon.com, as luxury brands try to navigate slowing demand and rising competition from fast fashion.

2 days ago - forbes.com

According to the rumors, Saks has been wanting to buy Neiman-Marcus and has been husbanding its cash for years to do it. Now The Wall Street Journal reports it's actually happening.

3 days ago - forbes.com

Saks Fifth Avenue's owner, Hudson's Bay Co. closed a $2.65 billion acquisition of luxury retailer Neiman Marcus, according to The Wall Street Journal, which will merge Saks and Neiman with the help of Amazon and Salesforce amid a stagnating personal luxury market.

3 days ago - foxbusiness.com

The parent of Saks Fifth Avenue sealed a $2.65 billion deal to buy rival Neiman Marcus, according to people familiar—all with a little help from Amazon.

3 days ago - investopedia.com

HBC, the parent company of luxury department store Saks Fifth Avenue, has signed a $2.65 billion deal to buy rival retailer Neiman Marcus with support from Amazon (AMZN), according to reports.

3 days ago - nypost.com

The deal will give Amazon unprecedented access to the luxury market – a tricky segment where the company has tried and mostly failed to get a credible foothold for more than a decade.

3 days ago - reuters.com

The parent of Saks Fifth Avenue sealed a $2.65 billion deal to buy rival Neiman Marcus with a little help from Amazon , the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

3 days ago - wsj.com

The parent of Saks Fifth Avenue sealed a $2.65 billion deal to buy rival Neiman Marcus, according to people familiar with the matter, creating a powerhouse in luxury retailing that seeks to hang onto wealthy shoppers—all with a little help from Amazon.com AMZN -1.21%decrease; red down pointing triangle.

4 weeks ago - prnewswire.com

NEW YORK , June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.

1 month ago - businesswire.com

LA VISTA, Neb.--(BUSINESS WIRE)---- $k #apartmentinvestments--Marcus & Millichap's IPA Capital Markets Division Arranges $72 Million Refinancing for Mixed-Use Development in Omaha MSA.

1 month ago - businesswire.com

MILWAUKEE--(BUSINESS WIRE)--Marcus Theatres®, a division of The Marcus Corporation (NYSE:MCS), announced today that it will roll out the Everyday Matinee program beginning May 31 to give moviegoers 11 years old & under and 60 & over the ability to purchase movie tickets for $7 for all shows before 4 p.m. “Many people, but especially families and seniors, are looking at their budgets closely and having to make hard choices,” said Greg Marcus, chief executive officer of The Marcus Corpora.

1 month ago - globenewswire.com

Excitement Builds as Rising Star Drives the No. 11 Root Honda for Multiple Races in 2024 Excitement Builds as Rising Star Drives the No. 11 Root Honda for Multiple Races in 2024

1 month ago - businesswire.com

MILWAUKEE--(BUSINESS WIRE)--Directors of The Marcus Corporation (NYSE: MCS) today declared a regular quarterly cash dividend of $0.07 per share of common stock. The dividend will be paid June 26, 2024, to shareholders of record on June 17, 2024. The Board of Directors also declared a dividend of $0.064 per share on the Class B common stock. The dividend on the Class B common stock, which is not publicly traded, will also be paid June 26, 2024, to shareholders of record on June 17, 2024. About T.

1 month ago - businesswire.com

MILWAUKEE--(BUSINESS WIRE)--The Marcus Corporation (NYSE: MCS) today announced that company executives will participate in three upcoming investor conferences. 24th Annual B. Riley Securities Institutional Investor Conference Chad M. Paris, chief financial officer and treasurer, will participate at the upcoming B. Riley Securities' 24th Annual Institutional Investor Conference on Wednesday, May 22, 2024 in Beverly Hills, California. This invitation-only conference features company presentations.

1 month ago - businesswire.com

CALABASAS, Calif.--(BUSINESS WIRE)---- $k #apartmentmentinvestments--Marcus & Millichap Expands Leading Talent Acquisitions Across North America.

1 month ago - businesswire.com

MILWAUKEE--(BUSINESS WIRE)--The Marcus Corporation (NYSE: MCS) today announced it will hold its virtual Annual Meeting of Shareholders on Thursday, May 23, 2024, beginning at 9:00 a.m. Central/10:00 a.m. Eastern time. The business portion of the meeting will be followed by a shareholder question and answer session. The Marcus Corporation elected to change its Annual Meeting format to a virtual platform in order to provide shareholders with improved accessibility and the opportunity to participa.

1 month ago - investorplace.com

While passive income should be a high priority in your overall investment strategy, acquiring quality names can be expensive, which brings us to low-cost dividend stocks. By moving away from the spotlight, you can find some attractive ideas.

2 months ago - zacks.com

The heavy selling pressure might have exhausted for Marcus (MCS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

2 months ago - seekingalpha.com

The Marcus Corporation (NYSE:MCS ) Q1 2024 Results Conference Call May 2, 2024 11:00 AM ET Company Participants Greg Marcus - Chairman, President and CEO Chad Paris - CFO and Treasurer Conference Call Participants Eric Wold - B. Riley Securities Jim Goss - Barrington Research Mike Hickey - The Benchmark Company Operator Good morning, everyone.

2 months ago - zacks.com

While the top- and bottom-line numbers for Marcus (MCS) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

2 months ago - zacks.com

Marcus (MCS) came out with a quarterly loss of $0.38 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.31 per share a year ago.

2 months ago - zacks.com

MCS, AL, AEM, INTZ and CVI have been added to the Zacks Rank #1 (Strong Buy) List on May 2, 2023.