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.

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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.

An outside investor wants to take over Macy's Inc. (NYSE: M), which has recently closed stores and offered Wall Street a less than satisfactory future.

Macy's Battles for Its Future

Macy's, Inc. (NYSE:M) shares traded on the front foot in Monday's early premarket dealing, after the department store operator rejected a $5.8bn private equity takeover bid. Arkhouse Management and Brigade Capital Management made the joint approach which proposed to take the department-store chain private.

Macy's rejects private equity takeover bid, stock points higher in premarket

A post-Christmas look at store performance has prompted Macy's management to close five department stores and two furniture galleries. The decision to close the stores (listed below) forced the decision to lay off 2,300 associates.

Macy's Closes 7 Stores And Cuts 2,300 Jobs

Last week the company said it laid of 3.5% of its workforce.

Macy's Stock Rises After Rejecting Private Equity Buyout. Why It's Just the Start.

Arkhouse Management and its partner Brigade Capital Management on Dec. 1 made a $5.8 billion proposal to take department store chain Macy's private, Arkhouse confirmed on Sunday.

Arkhouse confirms $5.8 billion proposal to take Macy's private

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) confirmed today that it received an unsolicited, non-binding proposal from Arkhouse Management Co. LP (“Arkhouse”) and Brigade Capital Management, LP (“Brigade”) to acquire all of the outstanding shares of the Company for $21.00 per share in cash on December 1, 2023, and that the Macy's, Inc. Board of Directors (the “Board”) has determined that the non-binding proposal does not constitute a basis to enter into a non-disclosure agreement or provi.

Macy's, Inc. Board of Directors Responds to Unsolicited Non-Binding Proposal from Arkhouse and Brigade

NEW YORK--(BUSINESS WIRE)--Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), which owns a significant stake in Macy's, Inc. (“Macy's” or the “Company”) (NYSE: M), today issued the following statement from Arkhouse Managing Partners Gavriel Kahane and Jonathon Blackwell: “In recent weeks, Arkhouse and our partner, Brigade Capital Management, LP, have engaged privately with Macy's regarding a potential acquisition of the Company. Our investor group can confirm t.

Arkhouse Issues Statement on Macy's, Inc.

Arkhouse says is will take all “necessary steps” to strike a deal for the famed department-store owner after talks fail to yield an agreement.

Investor Threatens to Take Macy's Offer to Shareholders

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Walmart

Following a year when retail grew 3.5% overall and November-December 2023 holiday sales were even more robust, advancing 3.8%, retailers are going into 2024 with wind in their sales.

Macy's And Wayfair Are Downsizing And Walmart Is Adjusting As Retail Readies For A Reset

Macy's (M) embarks on a major overhaul, cutting jobs amid strategic shifts toward e-commerce and streamlined operations. Changes by incoming CEO and investor influence may mark a new era.

Macy's (M) to Trim Headcount as Part of Turnaround Effort

Apple

The country's largest department store operator is firing 13% of its corporate employees as a new CEO prepares to take charge.

Macy's (M) Announces Job Cuts and Apple (AAPL) Begins Vision Pro Sales

In a bid to streamline costs and address slowing sales, venerable department store retailer Macy's, Inc. (NYSE:M) has revealed plans to cut approximately 2,350 jobs and shutter five stores, according to an announcement made on Thursday. The move is part of the company's ongoing efforts to adapt to the evolving retail landscape and changing consumer behaviors.

Macy's to cut jobs, close stores in strategic overhaul

Macy's (NYSE: M ) layoffs are a hot topic on Friday after the retailer announced plans to cut a large number of jobs and close some stores. According to recent reports, Macy's is planning to cut 2,350 jobs and close down five of its stores.

Macy's Layoffs 2024: What to Know About the Latest M Job Cuts

Department store retailer Macy's (M) is in focus after it announced Thursday that it plans to cut roughly 2,350 jobs and close five stores in an effort to streamline costs and stem slowing sales. The layoffs will see staff reductions at the retailer's corporate office and across various stores.

Macy's Stock in Spotlight After News of Job Cuts, Store Closings—Key Levels to Monitor

For a while, it looked like the brick-and-mortar part of the retail industry would make a comeback after e-commerce giant Amazon hammered it for years.

Macy's Hammered Hard

Macy's is planning to cut 2,350 jobs and close five stores, the Wall Street Journal reported on Thursday, as the company moves to embrace more technology.

Macy's to slash 2,350 jobs, close 5 stores in move to embrace technology: report

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.

News for Macy's Stock (M)