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) small-format store expansion plays a pivotal role in enhancing its store portfolio and meeting the evolving needs of customers in various markets.

Macy's (M) Expands Small-Format Store Strategy With New Stores

Incoming Macy's CEO Tony Spring and current CEO Jeff Gennette told CNBC's Jim Cramer about the strength of their brands, including high-end Bloomingdale's.

Incoming Macy's CEO calls Bloomingdales brand a 'growth vehicle' for the company

Macy's plans to open as many as 30 additional small-format stores across the United States, as part of an accelerated expansion strategy.

Macy's to Triple Number of Small-Format Stores by 2025

The pivot comes as declining shopping mall traffic has forced many locations to shutter. Soon, you won't have to hit the mall to visit a Macy's store—or a smaller, revamped version of the retailer, that is.

Is Macy's coming to a strip mall near you? Retailer will open 30 scaled-down locations nationwide

Macy's is building upon its small-store expansion plans. The company, which has been repositioning its portfolio, will triple the number of small-format locations through 2025.

Macy's opening up to 30-small format stores

NEW YORK--(BUSINESS WIRE)--Today, Macy's launches JLo Beauty with the brand's assortment of skincare, beauty and bodycare products, inspiring all women to be their everyday superstar. JLo Beauty products feature luxurious, high-performing formulas with immediately visible and long-lasting results with prices ranging from $15 to $105. The full assortment including fan favorites like That JLo Glow Serum, Firm + Flaunt Targeted Booty Balm and more are available to shop on macys.com, Macy's mobile.

JLo Beauty Launches at Macy's with Jennifer's Ageless Beauty Secrets

Macy's Inc. said Tuesday it's planning to open up to 30 small-format stores through fall of 2025, that will add to the nearly 15 small-format Macy's and Bloomingdale's locations it currently operates. “Paired with a premier digital experience, these small-format stores enhance the company's store portfolio with a mix of the best on- and off-mall locations, to deliver a seamless shopping experience across channels,” the department store chain said in a statement.

Macy's to open up to 30 small-format stores through 2025

The department store operator's off-mall expansion is one of its key growth strategies.

Macy's will open up to 30 stores, as department store looks to strip malls as key part of its future

NEW YORK--(BUSINESS WIRE)--Macy's Unveils Plan to Open up to 30 Small-Format Stores.

Macy's Unveils Plan to Open up to 30 Small-Format Stores

The third Bloomie's location is set to take on the west coast, opening in Seattle's University Village on November 2 NEW YORK , Oct. 2, 2023 /PRNewswire/ -- Bloomingdale's today announced that it will open a "Bloomie's" store location in Seattle, WA on November 2, 2023 within University Village. The smaller store concept by Bloomingdale's provides a casual, contemporary, and highly curated experience for shoppers in the Seattle community.

BLOOMIE'S BY BLOOMINGDALE'S TO OPEN IN SEATTLE THIS NOVEMBER

Macy's stock is down over 40% year-to-date due to reduced guidance and increased capex spending, which has caused lower free cash flow. The Company holds valuable real estate assets, but there are no clear catalysts to unlock their value, and the retail business is facing several headwinds. Although M stock is in deep value territory, buying it right now is like trying to catch a falling knife: Either it can go really well or really bad.

Macy's: A Deep Value Trap?

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The retailer's annual Give Pink, Get More campaign will benefit its two long-standing partners, the Breast Cancer Research Foundation and the Tutu Project NEW YORK , Sept. 28, 2023 /PRNewswire/ -- Bloomingdale's today announces AQUA x Kerri Rosenthal, a special collection that serves as an addition to its annual Pink Campaign.

BLOOMINGDALE'S ANNOUNCES ANNUAL PINK CAMPAIGN WITH THE LAUNCH OF ITS AQUA X KERRI ROSENTHAL COLLECTION

NEW YORK--(BUSINESS WIRE)--To kick off this upcoming holiday season, Macy's and Toys“R”Us® have unveiled Geoffrey's Hot Toy List for 2023 to make every gift giver the star of the holidays by offering top toys for every age and interest. This year's list of hot toys features the most coveted toys for the ‘Toys R Us' kid in all of us, from favorite brands like Barbie, Hot Wheels, Pokémon, LEGO, Nerf & more. Geoffrey's curated list will also feature a Toys“R”Us® global exclusive Geoffrey with.

Macy's and Toys“R”Us ® Announce Geoffrey's Hot Toy List for the 2023 Holiday Season

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Retailers such as Target (TGT), Macy's (M), Bath & Body Works (BBWI) and Amazon (AMZN) are deploying a reasonable number of seasonal associates to deal with the holiday rush.

Retailers Ramp Up Staffing With a Focus on the Holiday Season

SYNNEX

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal third quarter ended August 31, 2023. Consolidated Financial Highlights for the Fiscal 2023 Third Quarter: (Amounts may not add or compute due to rounding)       Q3 FY23   Q3 FY22   Net Change from Q3 FY22 Revenue ($M)   $ 13,960.6     $ 15,356.1     (9.1 )% Non-GAAP gross billings ($M)(1)   $ 18,583.6     $ 19,971.2     (6.9 )% Gross profit ($M)   $ 971.3     $ 916.0     6.

TD SYNNEX Reports Fiscal 2023 Third Quarter Results

Macy's (M) grapples with a tough industry backdrop, operational challenges in the credit card segment and escalating operating costs and expenses.

Here's Why You Should Avoid Investing in Macy's (M) Stock Now

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Macy's (M) strategic move to bolster its workforce before the festive season not only ensures smooth operations but also underscores the pivotal role the period plays in the retail sector.

Macy's (M) Prepares for Holiday Season, Unveils Hiring Plan

In trading on Monday, shares of Macy's were yielding above the 6% mark based on its quarterly dividend

Macy's Dividend Yield Pushes Above 6%

Macy's plans to hire more than 38,000 seasonal full- and part-time positions for the upcoming holiday season. The positions will be available at Macy's, Bloomingdale's and Bluemercury stores, as well as the company's distribution centers, the retailer said in a Monday (Sept.

Macy's Says Holiday Season Hiring ‘Consistent' With Last Year

Macy's Inc.'s holiday shopping season efforts will involve bringing on 38,000 people in seasonal roles this year, according to a press release.

Macy's aiming to add nearly 40,000 workers in seasonal roles

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced plans to hire for more than 38,000 full- and part-time seasonal positions this upcoming holiday season at its Macy's, Bloomingdale's and Bluemercury stores, as well as its distribution centers. This year's number of seasonal positions at Macy's, Inc. are consistent with open positions in 2022. Macy's, Inc. offers several convenient hiring experiences for candidates including an online application procedure that takes as little as.

Macy's, Inc. to Hire for More Than 38,000 Seasonal Positions

Olivier Bron has been announced as upscale department store Bloomingdale's new CEO, replacing veteran Tony Spring

New Bloomingdale's CEO Tapped By Parent Company Macy's

After a prolonged search for a new CEO, Bloomingdale's has chosen Oliver Bron to succeed Tony Spring who is now Presiden

News for Macy's Stock (M)