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MarketScreener Homepage  >  Equities  >  Nyse  >  Macy's    M

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Macy's : Thanksgiving Day Parade to be held virtually

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09/14/2020 | 12:37pm EDT

The 94th annual Macy's Thanksgiving Day Parade will be held virtually due to the COVID-19 pandemic, New York City Mayor Bill de Blasio announced on Monday.

De Blasio said that a live parade will not be taking place this year, but that a re-imagined parade still be available to watch on television and online.

"[Macy's is] reinventing the event for this moment in history. And you will be able to feel the spirit and the joy of that day," de Blasio said.

Macy's will announce more details later today. The retailer announced in August that the Thanksgiving Day Parade would be redesigned, similar to the company's annual Fourth of July celebration that also takes place in New York City.

"Following our successful, safe and innovative production of Macy's 4th of July Fireworks, it is our intention to similarly re-imagine Macy's Thanksgiving Day Parade this November," Macy's website says.

Copyright 2020 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source Entertainment News


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Financials (USD)
Sales 2021 16 825 M - -
Net income 2021 -4 274 M - -
Net Debt 2021 4 268 M - -
P/E ratio 2021 -0,46x
Yield 2021 5,97%
Capitalization 1 967 M 1 967 M -
EV / Sales 2021 0,37x
EV / Sales 2022 0,29x
Nbr of Employees 123 000
Free-Float 91,9%
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Mean consensus UNDERPERFORM
Number of Analysts 18
Average target price 7,27 $
Last Close Price 6,34 $
Spread / Highest target 157%
Spread / Average Target 14,7%
Spread / Lowest Target -52,7%
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Managers
NameTitle
Jeffrey Gennette Chairman & Chief Executive Officer
John T. Harper Chief Operating Officer & Executive Vice President
Felicia Williams Chief Financial Officer & Senior Vice President
Naveen Krishna Chief Technology Officer
Sara L. Levinson Independent Director
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