Macy’s Inc. (NYSE: M) is a staple among the major retailers in the United States, and like many others it is throwing out all the stops for Cyber Monday. This retailer is offering up to 70% in a few select promotions on Monday, while there is at least 20% off across the board.
Customers get free shipping with at least $25 worth of purchases plus an additional 20% off. However, there are additional discounts for clearance items and even select departments. These are just some of the offerings from Macy’s Cyber Monday Deals.
Most holiday shoppers will flock to Macy’s for its deals on the hottest new fashions and clothes:
- Select women’s coats, which regularly go for anywhere in the range of $150 to $450, are now 60% off.
- Select women’s dresses are off 60% as well.
- Select men’s dress shirts and ties are 60% off.
On the home front, Macy’s has some great deals too:
- A Sealy Posturepedic Tideford firm queen mattress set is going for about 40% off at $297, compared to the regular price of $498.
- Select designer bedding is an extra 30% off.
- Select Dyson vacuums are an extra 25% off.
Macy’s did not stop there. It also put up jewelry in its Cyber Monday deals:
- Select 14k gold chains are 65% off — normally these chains fall in the range of $250 to $8,000.
- Diamond stud earrings in 14k white or yellow gold are now $129, compared to the regular price of $450.
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Macy’s can expect some traffic this year, as the National Retail Federation (NRF) is expecting a total of 121 million people to shop online in 2015, compared to the previous year that totaled nearly 127 million consumers. The NRF’s CEO, Matthew Shay, commented on the accessibility and rise to prominence of Cyber Monday:
Unlike ten years ago, we live in a world in which you can shop anywhere at any time. It’s no longer about one day, but a season of digital deals, and savvy online shoppers are ready to see what exclusive promotions retailers have in store for Cyber Monday before they checkout. Shoppers have seen promotions roll out for the past several weeks, but if the price is right on Cyber Monday, they’ll definitely show up ready to spend.
The stock was most recently trading around $40; however, so far in 2015 the shares are down nearly 40%.
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