INTEGER INVESTMENTS

- Macy’s recently warned investors that its margins are shrinking, and to expect a gross profit margin between 60-80 basis points below last year's. - The stock price dropped by 8% as a reflection of this news. - The company’s announcement has sent shockwaves across the entire retail sector, as fears grow of Amazon’s dominance. To read the full article click here. #stockmarket #Macys #amazon

- Costco operates as a discount membership warehouse, with a strong focus on groceries. - The company’s Q3 results have demonstrated strong growth, with operating income increasing by 12.8% compared to prior year. - Here we discuss the robust qualitative factors that are driving Costco’s growth, before providing a valuation on the business. To read the full article click here. #stockmarket #amazon #costco

- Macy’s Inc operates as a retailer of high-end fashion apparel, footwear and jewelry. - The company has lost more than 55% from its peak, and now trades below 15x PE. - There is a common assumption that retailers are more expensive than Amazon, however few researchers have compared prices. - Today, we conduct an extensive study to see whether Amazon is more price competitive than Macy's. This is through a random sampling method of products that Macy’s sells, and cross-checki