Macy's

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in New York, NY.

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Macy's reports 15% revenue growth, cautious about consumer trends

Macy's is navigating through uncertain periods, maintaining a focus on customer service and business improvement. The company used a scientific approach to guide their second quarter and full-year projections, considering one-year CAGR, two-year CAGR, and 2019 data.

Macy's reports Q2 sales decline, focuses on strategic growth initiatives

Macy's Q2 performance saw declines in net sales but emphasized strategic initiatives for revenue growth and agility in inventory management. Challenges in achieving profitability were acknowledged, but opportunities in cost savings and small-format stores were highlighted.

Macy's reports Q3 decline, highlights strengths and growth opportunities

Macy's Q3 2023 earnings call revealed a decline in net sales, with notable strengths in specific categories and a focus on growth opportunities through strategic initiatives. The company also addressed challenges and provided insights into its future outlook and leadership transition.

Macy's reports solid Q4 earnings, focuses on growth strategies

Macy's navigated challenges in Q3 and Q4, learning from gifting success and focusing on long-term growth drivers.
Strategic investments in private brands, off-mall stores, and marketplace expansion position Macy's for future success.
Despite macro pressures and consumer dynamics, Macy's remains committed to sustainable growth through margin expansion.
Digital capabilities and personalized pricing initiatives are key focus areas for Macy's to drive growth and enhance customer experience.

Macy's Q1 2024: Sales Challenges Amid Resilience and Growth Focus

Macy's Q1 2024 faced challenges from macro headwinds and consumer behavior shifts, impacting sales but showing resilience in certain categories.
Efforts to manage inventory, improve margins, and focus on growth vectors like private brands and omnichannel experiences are key strengths.
Opportunities in promotions, merchandise margins, and attracting younger customers through digital strategies are on the horizon.
Despite challenges, Macy's remains cautiously optimistic, prepared for market uncertainties, and focused on strategic growth initiatives.

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Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland H. Macy in 1858 and is headquartered in New York, NY.

Macy's forecast annual sales largely below market expectations on Tuesday on weak demand for its apparel and shoes, and said it would close 150 stores through 2026 as part of its new turnaround plan.

Macy's forecasts annual sales below estimates, to shutter 150 stores

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today reported financial results for the fourth quarter and full-year 2023 and provided fiscal 2024 guidance. “I am grateful to all our teams for their continued commitment to our customers during the holiday season. Throughout the fourth quarter, we delivered an improved omnichannel experience, with effective merchandising and a clear demonstration of value that resulted in a strong close to the year,” said Tony Spring, chief executive officer.

Macy's, Inc. Reports Fourth Quarter and Full-Year 2023 Results

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Announces “A Bold New Chapter”.

Macy's, Inc. Announces “A Bold New Chapter” – Challenging the Status Quo to Fundamentally Reposition the Company, Enhance the Customer Experience, Deliver Growth and Unlock Shareholder Value

The move will help the company monetize up to $750 million of real estate assets through 2026.

Macy's to Close 150 Stores in Strategic Pivot

Besides Wall Street's top -and-bottom-line estimates for Macy's (M), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended January 2024.

Seeking Clues to Macy's (M) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

In the most recent trading session, Macy's (M) closed at $19.26, indicating a -1.03% shift from the previous trading day.

Macy's (M) Suffers a Larger Drop Than the General Market: Key Insights

A proxy fight is underway for control of Macy's Inc. (M).

Activist Investor Launches Proxy Fight for Macy's

Arkhouse Management is nominating nine people for Macy's board of directors, igniting a proxy battle after the department-store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management.

Private-equity firm Arkhouse nominates Macy's board of directors slate as takeover talks stall

The push for board seats comes as the Bloomingdale's parent struggles with weak demand as customer cut back spending due to elevated inflation and high borrowing costs.

Macy's facing proxy fight as rejected suitors push for board seats

NEW YORK--(BUSINESS WIRE)--Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), which has a 4.4% economic exposure in Macy's, Inc. (“Macy's”, or the “Company”) (NYSE: M), today announced it has nominated nine independent, highly qualified candidates for election to the Company's Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”). Gavriel Kahane and Jonathon Blackwell, Arkhouse Managing Partners, said: “Arkhouse and.

Arkhouse Nominates Nine Highly Qualified, Independent Candidates for Election to Macy's Board of Directors

Macy's has received notice from Arkhouse Management Co. LP (Arkhouse) that it has nominated nine individuals to stand for election to the Macy's Inc. Board of Directors at the Company's annual meeting. The company has fourteen directors with Jeff Genette, the retired chairman, retiring at the Annual meeting of the company.

Macy's Responds To Arkhouse Bid For Director Nomination

Arkhouse has launched a proxy fight at department store Macy's, nominating nine directors following a rejected take-private bid.

Activist Arkhouse launches proxy fight at Macy's, nominates nine directors

Department store Macy's said on Tuesday hedge fund Arkhouse Management had nominated nine individuals to stand for election as directors at its 2024 annual meeting.

Macy's gets director nominations from hedge fund Arkhouse Management

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) will report its fourth quarter and full-year 2023 sales and earnings results on Tuesday, February 27, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. ET. The call will be hosted by Macy's, Inc.'s Chief Executive Officer Tony Spring and Chief Operating and Chief Financial Officer Adrian Mitchell. The general public and the media will be able to access the live webcast and associated presentation v.

Macy's, Inc. to Report Fourth Quarter and Full-Year 2023 Results on February 27, 2024

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) announced today that its Board of Directors (the “Board”) has received notice from Arkhouse Management Co. LP (“Arkhouse”) that it has nominated nine individuals to stand for election to the Macy's, Inc. Board of Directors at the Company's 2024 Annual Meeting. Macy's, Inc. issued the following statement: Macy's, Inc. has a diverse, experienced and engaged Board who collectively bring expertise in areas relevant to Macy's, Inc.'s business, strate.

Macy's, Inc. Announces Receipt of Director Nominations from Arkhouse

The latest trading day saw Macy's (M) settling at $19.27, representing a +1.64% change from its previous close.

Macy's (M) Laps the Stock Market: Here's Why

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Avino Silver & Gold Mines

VANCOUVER, BC / ACCESSWIRE / February 13, 2024 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) is pleased to provide its outlook for 2024 and a summary of the major milestones achieved in 2023.

Avino Provides Outlook for 2024 and Highlights Its Major 2023 Milestones

Macy's new CEO Tony Spring introduced a new private label called “State of Day” in his first week on the job. It is fine loungewear and sleepwear for women, inspired by busy women who want to retreat from the hustle and bustle of the day and enjoy some quiet, relaxing time at home.

Macy's Introduces “State Of Day” Sleepwear – A New Private Label

NEW YORK--(BUSINESS WIRE)--Today, Macy's announces the launch of State of Day, a new restwear, sleepwear and innerwear brand, an exciting addition to the company's ongoing reimagined private brands portfolio. State of Day helps women feel more comfortable and relaxed at home, whether that's sleeping, drinking coffee, chasing kids, or just relaxing. The collection embodies that perfect, happy-sigh feeling – from light, easy-to-layer pieces to deliciously soft pajamas for a restorative sleep. Sta.

Macy's Introduces State of Day - a New Restwear, Sleepwear and Innerwear Brand

DUBLIN--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, announces results for the full year, 2023. 2023 | FINANCIAL HIGHLIGHTS Income Statement (US$M) Three Months Ended December 31   Year Ended December 31   2023 2022 $ Change % Change   2023 2022 $ Change % Change Lease revenue 674 594 80 +13%   2,473 2,337 136 +6% Operating cashflow 444 304 140 +46%   1,751 1,207 544 +45% Adjusted EBITDA* 684 585 99 +17%   2,510 2,375 135 +6% Net income 110 41 69 +168%   339 9 330   Balan.

Avolon Reports Strong Full Year Results

The latest trading day saw Macy's (M) settling at $18.36, representing a -1.45% change from its previous close.

Why Macy's (M) Dipped More Than Broader Market Today

Today is the first day that Tony Spring has taken charge of the entire Macy organization. After a three quarter of a year as an understudy to Jeff Gennette, the former CEO, Tony Spring is now in-charge as President and CEO of Macy's Inc. Jeff will remain chairman of the board until the 2024 annual meeting.

Welcome Tony Spring – New CEO Of Macy's Inc.

Q4 2023 Activities Update LONDON, UK / ACCESSWIRE / February 5, 2024 / Trident Royalties Plc (AIM:TRR)(OTCQB:TDTRF), the diversified mining royalty company, is pleased to provide an update on its activities during the quarter ended 31 December 2023. HIGHLIGHTS · Quarterly receipts of US$3.2 million from exposure to gold, copper, and iron ore, a 63% increase from Q3 2023, driven principally by seasonally higher deliveries from the gold offtake portfolio.

Trident Royalties PLC Announces Q4 2023 Activities Update

As department store operator Macy's gets a new leader in Tony Spring, it's contending with slowing sales, activist investors and an aging customer base.

News for Macy's Stock (M)