Trump tariffs will lead to abandoned freight at ports as cash-strapped businesses reject orders [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
Rick Muskat, president of family-owned shoe retailer Deer Stags which imports its goods from China and sells in major retailers, says his company is looking at tariffs on current freight orders rising from $60,000 to as high as $1 million. Muskat says he is going to pay, but many cash-strapped business owners can't afford the additional costs, and will leave income shipments stranded at ports. Businesses both large and small tell CNBC that the latest round of , targeting countries all over the world and taking the trade levies up to the highest rates in a century, could result in freight being abandoned at ports as cash-strapped owners and CEOs reject incoming goods that could financially wipe them out. Rick Muskat, president of the family-owned shoe retailer Deer Stags, which imports around two million shoes a year — with about 98% of their men's and boy's shoes made in China and sold in Macy's, Kohl's, JCPenney, and on Amazon — is among the business owners preparing to take o
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News
- Macy's (NYSE:M) was given a new $27.00 price target on by analysts at Jefferies Financial Group Inc..MarketBeat
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- Consumers Got Coal, But Santa Dropped Off Big Gains for These 2 Retailers [Yahoo! Finance]Yahoo! Finance
- Macy's (NYSE:M) is now covered by analysts at Guggenheim. They set a "neutral" rating on the stock.MarketBeat
- Macy's (NYSE:M) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
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Earnings
- 12/3/25 - Beat
M
Sec Filings
- 12/12/25 - Form 8-K
- 12/11/25 - Form 4
- 12/10/25 - Form 10-Q
- M's page on the SEC website