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The department store chain is also one of the cheapest retailers on the market, trading at a price-to-earnings ratio of just six based on this year's expected earnings, so a minor improvement in the forecast could give a significant lift to the stock. Like other retailers, Macy's is under pressure from tariffs imposed on China, as that country is a significant source of products sold in Macy's, including apparel, home goods, and accessories. The department store chain cited tariffs on China as a risk factor in its annual report, saying, "These changes could negatively impact our business and results of operations if they seriously disrupt the movement of products through our supply chain or increase their cost. In its earnings call in August, management commented on a possible new round of tariffs, saying, "We know from the earlier tranche of tariffs, though, that today's customer doesn't have much appetite for price increases," a sign the retailer might end up getting squeezed on the cost side. The retailer is set to report third-quarter earnings later this month, and with the trade situation in flux and the holiday shopping season just around the corner, there are a number of potential catalysts that could give this beaten-down stock a boost.

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Strengthening Employee Engagement & Streamlining Reporting

The department store has been in downtown Seattle for 90 years. The store, located at the corner of Third Avenue and Pine Street, has been a longtime fixture in downtown, first opening in That was where everybody went. It was iconic. It was tradition — Santa Claus was here and so amazing to so many people.

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Our Compliance and Ethics program is also designed to ensure compliance with company policies and applicable laws, while guiding our actions towards one another, our customers and our partners. These behaviors include unreasonable searches, profiling, and discrimination of any kind. We consider safety a shared responsibility, and each employee looks after his or her customers and coworkers alike. To ensure that our entire organization behaves in a legal and ethical manner, we provide annual training, alternating between our Code of Conduct and General Legal Compliance Training to all colleagues in the support business functions, central offices, as well as our digital operations.

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