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.

Shares of the department store stock have tumbled about 16% in 2023.

Macy's Stock Falls as CEO Gennette Plans to Retire

Shares of Macy's Inc. M fell 2.1% toward a six-month low in premarket trading Wednesday, after the department store chain said Chief Executive Jeff Gennette plans to retire at the end of the fiscal year, after nearly seven years in the role and 40 years with the company. The company named Tony Spring, currently executive vice president and CEO of the company's Bloomingdale's business, as CEO-elect, effectively immediately.

Macy's CEO Gennette to retire after nearly 7 years in the role, and stock falls

Macy's said Bloomingdale's CEO Tony Spring will succeed Jeff Gennette in February.

Macy's CEO Jeff Gennette, who's led the company's turnaround effort, will retire next year

Macy's, Inc. (NYSE:M) today announced that Chairman and Chief Executive Officer of Macy's, Inc. Jeff Gennette (61) plans to retire in February 2024 after serving the company for 40 years. Following a rigorous succession planning process that included an internal and external search, Tony Spring (58), Macy's, Inc. executive vice president and Bloomingdale's chairman and chief executive officer, has been appointed by the board of directors as Macy's, Inc. president and CEO-elect, and a member of the board of directors. As President, Tony will be responsible for leading Macy's, Inc.'s Digital, Customer, Merchandising, and Brand teams, while overseeing Bloomingdale's and bluemercury.

Macy's, Inc. Announces Leadership Succession Plan

The transition comes at a time of upheaval for retailers as high inflation pinches consumers and pushes up manufacturing costs.

Macy's CEO to Retire, Give Reins to Bloomingdale's Boss

CALGARY, AB / ACCESSWIRE / March 29, 2023 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC)(OTCQX:SOUTF) is pleased to announce its: 2022 Year End Reserves Upgrade: Highlights of the Company's year end independent oil and gas reserves evaluation as at December 31, 2022 (the "NSAI Report") include: an increase in proved developed producing ("PDP") reserves of 25% to 6.2 MMboe an increase in total proved ("1P") reserves of 44% to 14.1 MMboe an increase in total proved plus probable ("2P") reserves by 31% to 25.5 MMboe in 2022 before-tax net present value ("NPV") of 2P reserves, discounted at 10% ("NPV10"), of $142.5 million (an increase of 61% on year end 2021) Gwinville Operational Update: The Company announces the completion of its current drilling campaign of seven horizontal wells Through technical improvements, Southern has reduced the average time from spud to total depth of its Gwinville wells from approximately 21 days to between 9-12 days and averaging 80-100% lateral placement in the high-graded porosity interval Capital Budget Update: In response to the current low natural gas prices, Southern plans to moderate the Gwinville organic growth program from the planned capital budget of US$101.0 million announced in November 2022 to approximately US$55.0 million Under its revised capital plan, Southern will have drilled seven horizontal wells at the Gwinville asset, completed three wells and have four wells remain as drilled but uncompleted ("DUCs") to be brought on in the future once natural gas prices are more supportive Broker Appointments: Stifel Nicolaus Europe Limited and Tennyson Securities have both been appointed as the Company's joint corporate brokers with immediate effect Ian Atkinson, President & Chief Executive Officer of Southern, commented: "Although the drop in natural gas prices has brought us to the decision to moderate our Gwinville capital program, the overall impact of the applied learnings from the 2022 appraisal program have paid off and we are happy with the early results. In the current program we have drilled seven horizontal wells with longer laterals than the original appraisal wells in half the time on a per well basis and proven that the re-interpretation of our 3D seismic has improved our overall ability to stay within the targeted zone.

Southern Energy Corp. Announces 2023 Capital Budget and Gwinville Operational Update, Year End Reserves Update and Joint Broker Appointments

SYNNEX

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal first quarter ended February 28, 2023. Consolidated Financial Highlights for the Fiscal 2023 First Quarter: (Amounts may not add or compute due to rounding)     Q1 FY23   Q1 FY22   Net Change from Q1 FY22 Revenue ($M)   $ 15,125.4     $ 15,470.0     (2.2 )% Non-GAAP gross billings ($M)(1)   $ 20,202.2     $ 20,064.5     0.7 % Operating income ($M)   $ 298.2     $ 222.

TD SYNNEX Reports Fiscal 2023 First Quarter Results

NEW YORK--(BUSINESS WIRE)--This spring, Macy's, Inc. (NYSE: M) celebrates first-year milestones of its commitments tied to Mission Every One, an enterprise-wide social purpose platform focused on creating positive societal change. In 2022, Macy's, Inc. launched Mission Every One by announcing $5 billion of the company's spend through 2025 would be directed towards partners, products, people and programs that help create a more equitable and sustainable future.

Macy's, Inc. Marks One Year Milestones for Mission Every One

Macy's (M) has been strengthening its omnichannel capabilities with investments in data and analytics. It is constantly making moves to offer a seamless customer experience.

Macy's (M) Strategic Endeavors on Track, Up 18% in 6 Months

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced the appointment of Naveen Chopra, executive vice president and chief financial officer of Paramount Global, to its board of directors, effective April 1, 2023.

Macy's, Inc. Appoints Naveen Chopra to Board of Directors

CEO Tony Spring Announces New Leadership Role within the Organization NEW YORK , March 22, 2023 /PRNewswire/ -- Tony Spring, Bloomingdale's Chairman and CEO today announced the promotion of Denise Magid to the newly created role of Bloomingdale's Chief Merchandising Officer, effective March 21, 2023. Within this position, Magid will drive the strategic direction and performance of all Bloomingdale's merchandising initiatives.

Bloomingdale's Promotes Denise Magid to Chief Merchant

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced that Adrian Mitchell, chief financial officer, will participate in a fireside chat at J.P. Morgan's 9th Annual Retail Round Up. The fireside chat will take place at 8:00 a.m. EDT on Thursday, March 30, 2023.

Macy's, Inc. to Participate in a Fireside Chat at the J.P. Morgan 9th Annual Retail Round Up

Zedge

NEW YORK, NY / ACCESSWIRE / March 15, 2023 / Zedge, Inc. (NYSE AMERICAN:ZDGE), a leader in building marketplaces and games around digital content that enable self-expression, today announced results for its second quarter fiscal year 2023, ended January 31, 2023. "Our second quarter was a mixed one as we navigated geopolitical, economic and industry-specific challenges, and we were not immune to the forces impacting gaming and other advertising-based business models," said Jonathan Reich, chief executive officer.

Zedge Announces Second Quarter Fiscal 2023 Results

Retail department store chain Macy's Inc. (NYSE: M) stock spiked on its Q4 2022 earnings beat and subsequent guidance raise for full-year 2023. The headline numbers were impressive.

How Did Macy's Buck the Retail Trend and Raise 2023 Forecasts?

NEW YORK--(BUSINESS WIRE)--Macy's is expanding its partnership with Reebok, elevating its iconic activewear brand with a deepened range and exclusive product offerings. The collection includes sportswear and activewear for men and women, including extended sizes that span fitness, lifestyle, and various training categories. In addition to the expanded assortment, Reebok will also develop products and capsule collections exclusively for Macy's.

Macy's Launches Expanded Reebok Assortment Now Available in Stores and Online

Verizon

These two dividend stocks are selling at relatively cheap valuations.

Best Dividend Stock to Buy: Verizon vs. Macy's

Bed Bath & Beyond

Burlington Stores

Kohl's

Lululemon Athletica

Under Armour

By now you've probably heard the term “margin compression” numerous times in the news and headlines. It's an all too familiar term echoed by retailers on their earnings reports to explain why their earnings came in lighter than expected.

Margin Compression. What's it Mean for Your Retail Stocks?

NEW YORK--(BUSINESS WIRE)--This Spring, a dreamscape of fluffy clouds and whimsical floral landscapes ring in the season of renewal at the 48th annual Macy's Flower Show® featuring DIOR. Transforming the main floor, balcony and windows of the world-famous Macy's Herald Square flagship store in New York City, the floral escape blooms from Sun., March 26 through Mon., April 10, 2023.

Big Dreams Bloom at the Macy's Flower Show®

The retailer is posting impressive earnings despite headwinds.

Why Is Everyone Talking About Macy's Stock?

Macy's reported a weak 4th quarter 2022 but management comments reflected a determined attitude to manage through these difficult times.

Macy's 2022 Year Sales And Earnings Results Reflect Tight Control

Macy's (M) posts better-than-expected sales and earnings for fourth-quarter fiscal 2022. The top line falls from the year-ago fiscal quarter's reading due to lower digital and comparable sales.

Macy's (M) Q4 Earnings Beat Estimates, Comp Sales Decline

There can be few retailers that are as much of an enigma as department store giant Macy's, though investors seemed to buy into an ultimately mixed set of results.

Macy's Stock Rises Off The Back Of Tighter Stock Control

Macy's, Inc. (NYSE:M ) Q4 2022 Earnings Conference Call March 2, 2023 9:00 AM ET Company Participants Pamela Quintiliano - Vice President, Investor Relations Jeff Gennette - Chairman and Chief Executive Officer Adrian Mitchell - Chief Financial Officer Conference Call Participants Brooke Roach - Goldman Sachs Oliver Chen - TD Cowen Chuck Grom - Gordon Haskett Matthew Boss - JPMorgan Alex Straton - Morgan Stanley Dana Telsey - Telsey Advisory Group Tracy Kogan - Citigroup Bob Drbul - Guggenheim Partners Ashley Helgans - Jefferies Operator Greetings and welcome to the Macy's, Inc. Fourth Quarter 2022 Earnings Conference. [Operator Instructions] As a reminder, this conference is being recorded.

Macy's, Inc. (M) Q4 2022 Earnings Call Transcript

Macy's Inc shares had jumped 8.8% to US$22.22 by noon on Thursday following the release of better-than-expected fiscal fourth-quarter earnings and upbeat guidance for fiscal 2023.  For the quarter, the department store operator posted adjusted earnings per share of $1.88, above the consensus expectations of earnings per share of $1.57.

Macy's shares rise as retailer rings up earnings beat, solid guidance

Jobless Claims stayed historically low, while Q4 Productivity was revised much lower and Unit Labor Costs higher.

News for Macy's Stock (M)