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 is planning to reopen 68 stores Monday, in states including South Carolina and Georgia, where local governments are loosening lockdown restrictions during the coronavirus pandemic.

Macy's says it plans to have all of its stores reopened in 6 weeks

Macy's Inc. M, +1.33% will open 68 stores on Monday in states where the lockdown rules have been loosened, Chief Executive Jeff Gennette said in an interview with The Wall Street Journal.

Macy's to reopen 68 stores nationwide on Monday

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Retailers across the country are working diligently to ensure that their businesses aren't the next victim of the coronavirus.

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If Macy's gets a big loan and J.C. Penney goes under, it could get interesting.

Why Macy's Stock Is Rising Today (M)

With their stores closed and the cash draining out like the Bay of Fundy at low tide, many retailers are now telling their suppliers the check is not in the mail…and won’t be anytime soon

Kohl’s, Macy’s, Gap, Belk Among Retailers Taking Extended Terms With Suppliers

CNBC reported last week that Macy's Inc (NYSE: M) was looking to issue as much as $5 billion in debt, backed by around $3 billion in inventory and between $1 billion and $2 billion of real estate.

BofA On A Possible Macy's $5B Debt Raise: 'Taking The Right Steps'

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Many national chains want to go slow when it comes to reviving their business.

Retailers and Restaurants Leery of Reopening Even When Allowed

Add in current and future challenges from coronavirus, and M stock could fall to even lower prices. Bottom line: it's best to sit this one out.

Don’t Count on Real Estate to Save Struggling M Stock

Retailer Macy's Inc (NYSE: M) faces multiple headwinds ahead, including liquidity issues, a slashed dividend and $1.5 billion in new debt taken from its revolver, OptionsPlay Chief Strategist Tony Zhang said on CNBC's "Options Action.

Options Pro On Macy's Breaks Down Potential 500% Return Trade

It's reportedly looking to raise $5 billion in emergency cash.

Why Macy's (M) Stock Is Down Today

In a clip posted to Twitter, New York City Mayor Bill de Blasio said he had been in contact with Macy's Inc.

Macy's, struggling amid COVID-19, spoke with NYC Mayor de Blasio about doing the July 4 fireworks show

The latest intimation echoes headlines that have surfaced over the past several days.

Macy's Reportedly Issuing Up To $5 Billion in Debt to Survive Shutdown

Macy's Non-Flagship Real Estate Holds Massive Value

Macy's Inc. M, -1.69% is looking to raise as much as $5 billion in debt in an effort to avoid bankruptcy due to the coronavirus shutdown, CNBC reported Tuesday night.

Macy's looks to raise $5 billion in debt to avoid bankruptcy: report

All of Macy's stores have been closed since March 18th. The retailer has suspended its dividend, stopped capital spend, fully drawn down its $1.5 billion revolving credit facility and furloughed the majority of its employees.

Macy's weighs raising as much as $5 billion in debt to weather coronavirus crisis

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The list of potential bankruptcies is growing.

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Back in 2015, Macy’s stock endured a cataclysmic drop due to an inventory spike and an international tourism slowdown. Sadly, it’s the same story in 2020 but on a much larger scale.

The Bleak History of Macy’s Is Coming Back to Haunt It

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Late Friday, department store operator Macy’s Inc. (NYSE: M) issued a statement saying that the company is “exploring numerous options to strengthen our capital structure.

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Many mid-sized retailers do not qualify for government relief programs. The National Retail Federation wants more government aid in hopes of saving thousands of jobs during the coronavirus pandemic.

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The company is apparently in consultations to leverage its big real estate portfolio.

Report: Macy's Considering Flotation of Property-Backed Bonds in Bid to Raise Capital

Departments stores heavily reliant on the U. S. market need to find ways to create short-term liquidity to ensure the business withstands the current crisis of closed stores, excess inventory and a supply chain of merchandise ordered six months ago.

News for Macy's Stock (M)