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.

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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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.

Macy's real estate alone is worth nearly $3 billion more than investors' bid, these analysts say

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Short interest in many high-quality retail names is rising, setting them up for a buy-the-dip opportunity. While sales are slowing or declining compared to the prior year, these companies have stabilized or stabilizing at levels well above the pre-pandemic period and have a favorable outlook for investors.

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Highlights Feasibility Study confirms highly attractive economics for a large-scale expansion of the Molo Mine and processing facility to a steady-state production rate of 150,000 tpa of graphite concentrate Estimated capital cost of US$161.7 million (including contingency), with pre-tax NPV8 of US$424.1 million and a pre-tax IRR of 31.1% Expansion significantly de-risked through application of NextSource's all-modular construction approach and sharing of infrastructure with existing operations Discussions with OEMs and battery manufacturers indicate robust demand for the Company's product TORONTO, ON / ACCESSWIRE / December 12, 2023 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or "the Company") is pleased to announce the results of a Feasibility Study (the "FS") for a mine expansion of its 100%-owned Molo Graphite Mine in southern Madagascar. The FS considers an expansion to the Molo Graphite Mine's current Phase 1 production capacity of 17,000 tonnes per annum ("tpa") through the construction of an additional and standalone processing plant that increases the steady-state production rate to 150,000 tpa of SuperFlake® graphite concentrate over a 25-year life of mine ("LOM").

NextSource Materials Announces Robust Feasibility Study Results for Molo Mine Expansion to 150,000 Tonnes per Annum of SuperFlake(R) Graphite Concentrate

Some analysts say the retailer's ownership of hundreds of stores is the key to investors' buyout bid.

Macy's Billion-Dollar Question: What's More Valuable, Real Estate or the Business?

The investment firms that lobbed in a $5.8 billion acquisition offer for Macy's Inc are unlikely to clinch a deal but may be successful in getting the U.S. department store operator to unlock more value, investment bankers and analysts say.

Lowball bid could spur Macy's to look for better options

Macy's (M) is constantly making great moves to offer a seamless customer experience. Per sources, the company received a buyout proposal of $5.8 billion.

Macy's (M) Mulls Over $5.8 Billion Buyout Proposal Rumors

Talk about the ultimate holiday shopping extravaganza. Shares of department store chain Macy's (NYSE: M ) surged more than 20% Monday to about $21 following several reports suggesting that current investors Arkhouse Management and Brigade Capital Management have submitted a proposal to buy the rest of the company for $5.8 billion, or $21 a share.

Macy's Takeover Could Put Shareholders Out of Misery

Macy's received an acquisition offer valuing the company at $21 a share. It's unclear if management is interested in the deal.

Why Macy's Stock Popped Today

Macy's, Inc. received a lowball bid of $21 per share from Arkhouse Management and Brigade Capital Management to take the company private. The bid is below the estimated value of Macy's real estate assets, which Cowen valued at anywhere from $6 billion to $8 billion. Macy's has strong earnings potential and should reject the offer, waiting for a higher bid that reflects the true value of the company.

Macy's: Hard Pass On This Buyout Offer

Macy's, Inc. (NYSE:M) shares have soared more than 20% Monday after the company received a $5.8 billion buyout offer from private equity firms Arkhouse Management and Brigade Capital Management.  The deal values Macy's at $21 per share, and its share price has risen accordingly to $21.11.

News for Macy's Stock (M)