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 reducing its workforce by 3.5%. “As we prepare to deploy a new strategy to meet the needs of an everchanging consumer and marketplace, we made the difficult decision to reduce our workforce by 3.5% to become a more streamlined company,” a Macy's spokesperson said in a statement emailed to PYMNTS.

Macy's Cuts Workforce 3.5% While Preparing to Deploy New Strategy

The job cuts come as an investor group consisting of Arkhouse Management and Brigade Capital put pressure to take Macy's private in a $5.8 billion offer.

Macy's slashing over 2K jobs, closing five stores amid pressure to go private

Department-store chain Macy's Inc. plans to cut 2,350 jobs and close five stores, the Wall Street Journal reported on Thursday, as the company tries to curb expenses and meet the demands of what it said was “an everchanging consumer and marketplace.”

Macy's to lay off 13% of corporate staff, close five stores

U.S. department store chain Macy's is cutting 2,350 jobs and closing five stores, as it aims to streamline its operations, a company spokesperson told Reuters on Thursday.

Macy's to slash 2,350 jobs, close stores in streamlining effort

The company also plans to close five stores in 2024.

Macy's to Cut 3.5% of Staff Before New CEO Takes the Helm

Macy's will cut about 2,350 positions, or 3.5% of its workforce. The legacy department store is trying to reduce costs and boost slowing sales. The move comes as Bloomingdale's CEO Tony Spring prepares to take over the Macy's CEO role from the outgoing Jeff Gennette.

Macy's to cut more than 2,300 jobs, about 3.5% of its workforce, as it moves to cut costs

Macy's plans to lay off about 13% of its corporate staff in a bid to trim costs and redirect spending toward improving customers' shopping experience.

Macy's to Cut About 2,350 Jobs, Close Five Stores

Macy's is a high-end retailer aiming to modernize its supply chain. The company focuses on delivering value and modernizing its own private brands. Macy's faces risks from seasonality, competition from digital shopping, and potential inventory clearance at reduced prices.

A Strong Q4 Should Keep Macy's At Value Levels

This dividend stock has massive value yet to be unlocked.

1 Fantastic Dividend Stock Down 50% and Yielding 3.5% Passive Income Investors Can Buy Hand Over Fist in 2024

Macy's (M) shines with strategic initiatives like expanding its digital marketplace and enhancing customer engagement. The robust Polaris Strategy is likely to lead to success.

Here's Why Macy's Stock (M) is Staying Ahead of the Curve

SYNNEX

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal fourth quarter and fiscal year ended November 30, 2023. Consolidated Financial Highlights for the Fiscal 2023 Fourth Quarter:           Q4 FY23   Q4 FY22   Net Change from Q4 FY22   Revenue ($M)   $ 14,407.3     $ 16,248.0     (11.3 ) % Non-GAAP gross billings ($M)(1)   $ 19,744.4     $ 20,913.0     (5.6 ) % Gross profit ($M)   $ 1,018.6     $ 1,059.7     (3.9 ) % Non-GAAP.

TD SYNNEX Reports Fiscal 2023 Fourth Quarter and Full Year Results

Should investors be excited about a big department store potentially going private?

Would a Macy's Buyout Be a Miracle on 34th Street?

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This writer has no idea what Macy's management is thinking right now. An activist bid for $21.00 a share was made for the whole company by Arkhouse Management and Brigade Capital Management and their intention will be discussed below.

The Future Of Macy's

News of Macy's lowball takeover offer of $21 per share offer from Arkhouse Management and Brigade Capital Management was hardly a surprise. I've been writing about Macy's misery for as long as I can recall.

Macy's Lowball Offer: Prelude To Finale or A Linchpin To Revival?

The $21-a-share bid by Brigade Capital Management and Arkhouse Management for the shares of Macy's Inc. they don't already own is surely aimed at the department store giant's real estate assets, as analysts have said since the offer came to light last week. The hedge funds would pay $5.

Macy's Herald Square flagship, Bloomingdale's at 59th St. unlikely to undergo redevelopment

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The Score: Macy's, Hasbro, Pfizer and More Stocks That Defined the Week

Macy's (M) is constantly making moves to offer a seamless customer experience.

Macy's (M) Robust Omnichannel Moves Appear Encouraging

NEW YORK--(BUSINESS WIRE)--This time of year can be overwhelming, that's why Macy's makes shopping easy and efficient with the perfect last-minute gifts. As the ultimate gifting destination, Macy's offers a curated list of gifts in the holiday Gift Finder for everyone on your list. Shoppers can find inspiration, value and the best brands that “Give Love. Give Style” this holiday season. From prestigious gift sets to stocking stuffers, Macy's offers a wide range of gifts from off-price to luxury.

Wrap Up the Holiday Season with Last-Minute Gifts at Macy's

Zedge

NEW YORK, NY / ACCESSWIRE / December 13, 2023 / 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 first quarter fiscal 2024, ended October 31, 2023. "Our first quarter financial results reflect the positive trends we discussed during the fourth quarter," said Jonathan Reich, Zedge's chief executive officer.

Zedge Announces First Quarter Fiscal 2024 Results

Macy's share price surged after a takeover offer but concerns arise about the ability of Arkhouse Management and Brigade Capital Management to close the deal. Macy's sales decline continues, losing market share and struggling to appeal to consumers. The value of Macy's real estate adds complexity to its valuation, but analysts express caution over monetizing the real estate and completing the takeover.

Macy's: Management Needs To Show Value Beyond Takeover Offer

While Macy's need not rush into a deal, history suggests its board shouldn't dismiss an offer out of hand, either.

Macy's Might Have a Bidder. History Says It Should Seriously Consider an Offer.

Macy's Inc. shares fell 3.6% Tuesday after Citi downgraded the stock to sell from neutral amid a report that an investor group wants to take the department-store chain private at $21 a share.

Macy's stock falls more than 3% after Citi downgrade amid buyout report

Shares of the retailer were falling on Tuesday after soaring 19% the day prior.

Macy's Buyout Won't Be Easy. Citi Says Sell the Stock.

Arkhouse Management and Brigade Capital Management recently submitted a $5.8 billion bid to acquire the shares of Macy's M, +19.44% that they don't already own for $21 a share, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

News for Macy's Stock (M)