updated 5/10/2010 2:20:19 PM ET 2010-05-10T18:20:19

Macy's Inc. reports its first-quarter results before the stock market opens Wednesday.

WHAT TO WATCH FOR: Any signs that shoppers are spending more on clothing and furnishings — and company forecasts for consumer spending in coming months.

Analysts will also want to know how Macy's is adjusting its inventory to reflect shoppers' willingness to spend a bit more and whether it's seeing any price pressures as commodities such as cotton rise in price.

Also: any update on how Macy's plan to localize for various regions is faring and a status report on the company's plans to open the first Bloomingdale's bargain outlets this summer as the company aims to attract style-conscious shoppers on a budget.

WHY IT MATTERS: As the second-largest department store operator behind Sears Holdings Corp., Macy's can serve as a barometer of spending among middle-income shoppers. Any evidence that shoppers are spending more on clothing and home furnishings would offer clues into how robust the economic recovery will be.

WHAT'S EXPECTED: Analysts surveyed by Thomson Reuters expect a profit of 2 cents per share on revenue of $5.51 billion for the first quarter.

LAST YEAR'S QUARTER: Macy's, based in Cincinnati, posted a loss of 21 cents per share on revenue of $5.12 billion.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com