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.

Earnings data Q4 2020

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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 has been pursuing opportunities to grow its business through store-within-a-store partnerships and is now teaming up with Claire's to open shops inside 21 Macy's stores.

Claire's Deal Raises Questions About Macy's Overreliance On Partnerships

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It's a month before Christmas and crumbs falling off vests, the traders have put down their last bets on retail stocks. The positions are hanging on desks with great care while out in the world the best deals sit there.

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FORT LAUDERDALE, Fla.--( BUSINESS WIRE )--FIT:MATCH, the digital twin platform, announced today the launch of its award-winning bra fitting experience in select Macy's stores this holiday season. The technology gives shoppers the opportunity to get scanned and then, within seconds, matched to their best-fitting bras based on their exact body shape.

FIT:MATCH to Launch Patented Shape-Based Fit Solution in Select Macy's Stores

Macy's may be the standard-bearer when it comes to department stores, but it has not been immune to consumer changes, and that includes a push to omnichannel retail. To help facilitate that change, the company announced on its third-quarter earnings call that it has opened 35 mini-distribution centers inside existing stores.

Macy's is opening e-commerce distribution centers inside stores

Youth fashion brand Claire's and Macy's are partnering to create 20 new store-in-store locations. According to a Tuesday (Nov. 29) company press release, the new shops are set to open this month in select department store locations and will feature hair accessories, jewelry, cosmetics and seasonal items.

Macy's Adding 20 Claire's Store-in-Store Locations

Macy's Adding 20 Claire's Jewelry and Accessories Stores-in-Stores

The fashion-and-accessories chain has opened store-in-stores inside Macy's locations as both retailers look to diversify beyond struggling malls.

Macy's Hosts Tween Retailer Claire's at 21 Locations

NEW YORK--( BUSINESS WIRE )--Macy's, Inc. (NYSE: M) today announced that Adrian Mitchell, chief financial officer, will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference. The fireside chat will take place at 8:00 a.m. ET on Wednesday, December 7, 2022.

Macy's, Inc. to Participate in a Fireside Chat at the Morgan Stanley Global Consumer & Retail Conference

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Cowen said Friday that Macy's M, +0.96% , Walmart Inc. WMT, -0.29% and Ulta Beauty Inc. ULTA, +0.16% rank as its top Black Friday holiday stocks. "We believe each will benefit from product diversification, trend right execution, gifting assortments at competitive prices and value positioning," Cowen analyst Oliver Chen said in a research note.

Cowen highlights Macy's, Walmart and Ultra Beauty as top Black Friday holiday stocks

Macy's saw falling revenue but beat earnings per share expectations, and their stock price spiked. Here's what investors need to know before Black Friday and into the 2022 holiday season.

Macy's Stock Jumps After Earnings - Can It Keep The Gains This Holiday Season?

As the holiday season kicks off, Macy's (M) shares continue to climb farther above their September lows. More and more investors may be wondering if it's time to buy the department store stock.

Should Investors Buy Macy's (M) Stock Before the Holliday Season?

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Macy's and Kohl's are two major retailers that recently beat earnings per share expectations despite falling sales. Let's break down the investment opportunities going into the holiday season.

Macy's vs. Kohl's: Evaluating Two Of The Top Holiday Retailers

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The iconic retailer doesn't have any of the inventory problems plaguing other brick-and-mortar businesses.

Is Macy's an Excellent Dividend Stock to Buy Right Now?

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It is no surprise that the combined weight of elevated inflation, rising interest rates and uncertainty about the economy have forced consumers to change their spending behavior.

Breaking Down Retail Earnings That Highlight Slowing Consumer Spending

The 1947 film “Miracle on 34th Street” tells the story of a child affected by a Macy's Christmas Santa Claus.

Macy's Miracle on 34th Street

Business for Macy's and Kohl's (as well as other retailers) slackened at the end of October and into November.

Macy's And Kohl's Report 3rd Quarter 2022 Earnings

S&P Global Ratings upgraded its rating on Macy's Inc. M, +15.02% to BB-plus from BB, and said the department store chain continues to deliver solid operating results and deleverage despite the challenging environment for the retail sector. The new rating is just one notch below investment grade and the outlook is stable.

S&P Global Ratings upgrades Macy's to BB-plus after solid operating results for Q3

Taking a quick look at the facts, Macy's reported quarterly net sales of $5.2 billion, down 3.9% year over year and up an anemic 1.1% versus the third quarter of 2019 (right before they announced their Polaris Strategy).

Despite Wall Street's Ebullience, Macy's Turnaround Strategy Continues To Go Nowhere.

The long established retail store and New York favorite sells apparel, accessories, cosmetics, home furnishings and other consumer goods. The post Do Macy's' Strong Sales And Outlook Make It The Perfect Holiday Stock?

Do Macy's' Strong Sales And Outlook Make It The Perfect Holiday Stock?  Is Macy's Stock A Buy?

After navigating unprecedented challenges for the consumer economy, iconic department store Macy's (NYSE: M ) surged in Thursday trading. Not only did the company post a strong beat for the third quarter, but it also raised its earnings outlook for the full year, sending M stock up 11% before it extended gains in the afternoon hours.

Macy's (M) Stock Jumps 11% on Raised Earnings Outlook

The stock offers a tempting dividend yield, but weak sales growth could limit upside in 2023.

Why Macy's Stock Jumped on Thursday

Macy's Inc. stock soared 12% Thursday after the department-store chain's earnings fell from a year ago but still managed to beat consensus estimates and after the company raised its full-year profit guidance.

Macy's gets boost from demand for work clothes, dresses and luggage as pandemic trends fade

Macy's Inc. (NYSE:M ) Q3 2022 Results Conference Call November 17, 2022 8:00 AM ET Company Participants Pam Quintiliano - Head of IR Jeff Gennette - CEO Adrian Mitchell - CFO Conference Call Participants Chuck Grom - Gordon Heska Matthew Boss - JPMorgan Omar Saad - Evercore Partners Oliver Chen - Cowen and Company Ashley Helgans - Jefferies Kimberly Greenberger - Morgan Stanley Dana Telsey - Telsey Group Bob Drbul - Guggenheim Securities Gaby Carbone - Deutsche Bank Tracy Kogan - Citigroup Operator Good day, and welcome to Macy's Inc Q3 2022 Earnings Call. Today's call is being recorded.

Macy's Inc. (M) Q3 2022 Earnings Call Transcript

Middle-income shoppers have tightened their spending on clothing and home furnishings. That's squeezing Macy's, Kohl's, Target and other chains.

News for Macy's Stock (M)