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

Earnings data Q1 2021

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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 reported a 1st quarter 2020 loss of $630 Million. Company has taken action to stabilize their business and to insure they have flexibility if additional waves of the coronavirus COVIS-19 occur.

Macy’s Q1 2020 Sales Drop 45% Causing $630 Million Loss

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Macy's, Inc. (M) CEO Jeff Gennette on Q1 2020 Results - Earnings Call Transcript

Options traders are feeling more bullish on Macy's than they have for a long time as the stock gets ready to report earnings.

Options traders are betting Macy's is due for a post-earnings rally

Shares of Macy’s (NYSE: M) have extended the bullish weekly run after the company’s quarterly earnings showed that sales matched analysts’ expectations. Macy’s share price is now up over 18% on the week, recovering from the record lows set in April.

Macy’s stock price extends its bullish run, now up 18% on the week

The road to recovery at Macy's is likely going to be a rocky one because of the coronavirus pandemic. The retailer warned Wednesday that sales are falling again in states such as Texas where Covid-19 cases are on the rise.

Rocky road ahead at Macy's, potential 'regional flare-ups,' with Covid-19 cases surging in some states

The pandemic ravaged its retail business over the last few months.

Macy’s Lost Nearly $4B in the First Quarter

Macy’s reported today that sales were down 45% for Q1.  As stores reopened, Macy’s needed to churn through the inventory that has been sitting in stores and did so at a highly promotional rate.

Macy’s Sales Drop 45% In Q1, Gross Profit Down 21 Percentage Points

Macy's Inc reported a staggering $3.58 billion loss on Wednesday for its coronavirus-hit first quarter as store shutdowns resulted in the department store chain recording a $3 billion impairment charge.

Macy's posts nearly $4 billion in losses, doesn't expect another shutdown

Macy's (NYSE: M) reported a first-quarter loss of $2.03 per share on Wednesday, which beat the analyst consensus estimate of $2.57 by 21.01%.

Macy's Reports Mixed Q1 Earnings, CEO Says Another Shutdown Not Anticipated

Macy's (M) posts narrower-than-expected Q1 loss. Coronavirus-induced store closures hurt the company's sales performance.

Macy's (M) Q1 Loss Narrower Than Expected, Revenues Miss

Macy's on Wednesday reported a first-quarter loss, in line with the retailer's previously announced estimates, as its business took a hit from the coronavirus pandemic.

Macy's reports first-quarter loss, says does not expect 'another full shutdown'

Shares of Macy's Inc. M, +3.92% rallied 1.5% in premarket trading Wednesday, after the department store chain reported fiscal first-quarter results that matched Wall Street expectations, and said nearly off of its stores have reopened, after closing amid the COVID-19 pandemic.

Macy's stock gains after adjusted loss, sales match expectations

NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE:M) today reported results for the first quarter of 2020. As previously reported, the company had net sales of $3.017 billion. Nearly all of the company's stores have now reopened, including stores in the major metropolitan regions. Stores continued to perform ahead of expectations through May and June, and the company's digital business sales remained strong across geographies. The company continues to expect a gradual sales recovery. “The first qua

Macy’s, Inc. Reports First Quarter 2020 Results

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Fresh off its acquisition of self-driving startup company Zoox, Amazon.com, Inc. (NASDAQ: AMZN) should follow up with buying retailer Macy's Inc (NYSE: M), according to Lincoln International Managing Director Dominic Rispoli.

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The COVID-19 pandemic left the department store giant with no choice but to address its unsustainable cost structure.

Macy's Cuts Thousands More Jobs in the Hunt for Efficiency

The country’s two largest department store chains curiously find themselves in the same place at the same time. Each must find a way to survive…and it's not one size fits all

For Macy’s And Penney, It Must Be Reinvention, Not Just Reorganization

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When many West Coast residents think of Macy’s, they think of San Francisco. For almost 75 years, Macy’s has been a Union Square retail destination.

Despite Cuts And Closures, Macy’s San Francisco Is Back In Business

Macy's (M) announces to eliminate around 3,900 corporate and management roles, which will result in additional cost savings.

Macy's (M) Updates on Restructuring, to Lower Headcount

Macy’s Inc. (NYSE: M) will cut 3,900 jobs as part of an effort to chop $630 million in costs.

Macy’s CEO Gennette Made $10 Million and Cut 3,900 Jobs

Macy's will eliminate 3,900 corporate and management co=workers. It will save $630 Million on an annual basis.

News for Macy's Stock (M)