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.

SYNNEX

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal first quarter ended February 29, 2024. Consolidated Financial Highlights for the Fiscal 2024 First Quarter:     Q1 FY24   Q1 FY23   Net Change from Q1 FY23 Revenue ($M)   $ 13,975.3     $ 15,125.4     (7.6 )% Non-GAAP gross billings ($M)(1)   $ 19,266.7     $ 20,202.2     (4.6 )% Gross profit ($M)   $ 1,005.8     $ 1,003.6     0.2 % Non-GAAP gross profit ($M)(1)   $ 1,005.

TD SYNNEX Reports Fiscal 2024 First Quarter Results; Announces New $2B Share Repurchase Authorization

Nordstrom

The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy's consider a shift toward private-equity or hedge-fund ownership. These potential moves could have extensive implications for the retail sector, reshaping the landscape of the industry, Reuters reported Wednesday (March 20).

Macy's, Nordstrom Eye Private Ownership While Adapting to Retail Market

America's biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the retail landscape in the United States.

Nordstrom, Macy's deals could put private ownership back in vogue for US retailers

Macy's Inc has agreed to open its books to Arkhouse and Brigade Capital, people familiar with the matter said, a potential breakthrough in the investment firms' $6.6 billion bid to take the U.S. department store operator private.

Exclusive: Macy's opens its books in company sale talks, sources say

NEW YORK--(BUSINESS WIRE)--Immersive gardens with blooming flowers and multi-sensory mise en scene will bloom at the 49th Macy's Flower Show featuring Christian Dior Parfums. In celebration of spring's arrival, the main floor, balcony, and iconic Broadway windows of Macy's world-famous flagship store in New York City Herald Square will transform into a breathtaking botanical experience from Sun., March 24, 2024, to Sun., April 7, 2024. The Macy's Flower Show is free and open to the public durin.

Spring Blossoms at the Macy's Flower Show ®

Not for release to US wire services or distribution in the United States ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN SECURITIES EXCHANGE SUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / March 18, 2024 / The Board of RTG Mining Inc. ("RTG", or the "Company") (TSX:RTG)(ASX:RTG) is pleased to provide a cost update for Stage 1 of the Mabilo Project in The Philippines. A review of the Stage 1 budget conducted by the site team in February 2024 has shown Capital Costs have not materially changed and remain below US$25M as quoted previously.

Mabilo Stage 1 Cost Update

Zedge

NEW YORK, NY / ACCESSWIRE / March 15, 2024 / Zedge, Inc. (NYSE AMERICAN:ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, today announced results for its second quarter of fiscal 2024, ended January 31, 2024. "I'm encouraged by the overall positive momentum we experienced during the second quarter as most of our businesses reported strong results," said Jonathan Reich, Zedge's chief executive officer.

Zedge Announces Second Quarter Fiscal 2024 Results

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced the nomination of Douglas W. Sesler, Founder and President of Fair Street Partners, to stand for election to the Company's Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”). Sesler is a seasoned real estate industry executive with more than 35 years of experience across real estate advisory, investing and finance. In 2021, he founded Fair Street Partners, a private real estate inve.

Macy's, Inc. Nominates Douglas W. Sesler for Election to Board of Directors

Dollar Tree

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An investor group seeking to buy the retailer might be willing to raise its bid after seeing the company's financials, according to its proxy filing.

Macy's Buyout Looks to Be Headed to Due Diligence Stage. What to Know.

Macy's investor Arkhouse Management said on Thursday the U.S. department store was in talks with the investment firm for opening its books for due diligence on the prospects of a higher offer.

Arkhouse, Macy's in talks for due diligence amid push for higher bid

The two sides took an important step towards allowing a potential deal to proceed, but a Macy's proxy fight will continue regardless

Arkhouse bid for Macy's nears diligence, but activist to continue proxy fight

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NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced that Michael Krans joined the company as its vice president, Macy's Media Network. In this role, Krans oversees the company's in-house media publisher dedicated to connecting advertising partners with Macy's and Bloomingdale's engaged and loyal customers. Krans reports to Max Magni, chief customer and digital officer, Macy's, Inc. “We're excited to welcome Michael to Macy's, Inc. He takes the reins of our growing retail media net.

Macy's, Inc. Names Michael Krans Vice President, Macy's Media Network

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Arkhouse Management and Brigade Capital Management sent a bigger buyout offer to Macy's over the weekend — to the tune of $24 per share they don't own. Their prior one was $21.

Macy's gets another, bigger bid from Arkhouse, Brigade Capital

Private equity firms Arkhouse Management and asset manager Brigade Capital Management have been trying to buy Macy's for the last three months. Now they're trying even harder -- and raising their offer price by 14%.

Why Macy's Stock Is Having a Parade Today

Macy's shares jumped 16% before the bell on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private bid over the weekend, valuing the U.S. department store operator at $6.58 billion.

Macy's announced 150 closures. Now investors are circling to take it private with a $6.58 billion valuation

Late this Sunday night Arkhouse and Brigade Capital raised their offer to acquire Macy's to $24.00 per share, up from their previous offer of $21.00 per share.

Macy's Under Attack – Arkhouse And Brigade Capital Increase Offer

Macy's Inc (NYSE:M) is 16.1% higher at $20.92 this morning, after Arkhouse Management revised its buyout offer.

Macy's Stock Rises on Revised Buyout Offer

Department store chain Macy's (NYSE: M ) stock rose 15% over the weekend after an investor group raised their bid for the company to $6.6 billion. The potential buyers bid $5.8 billion for the company last December but were turned down by the board.

M Stock Alert: Is $6.6 Billion Enough to Take Macy's Private?

Macy's surges after investor group sweetens take-private bid to $6.6 bln

Macy's, Inc. (NYSE:M) has received a $6.6 billion takeover offer from a consortium of hedge fund firms, whose previous bid was turned down earlier this year. Arkhouse Management and Brigade Capital Management, now working with Fortress Investment Group and One Investment Management, have bumped up their offer for the department store operator by around $800 million from the $5.8 billion bid made in December, which Macy's rejected in January.

Macy's leaps as hedge funds hike takeover offer

The investor group shopping for Macy's are willing to pay a chunk more to secure the purchase of the department store chain.

News for Macy's Stock (M)