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) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Macy's (M)

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The recent trends in Macy's financial performance have attracted a wave of sell ratings, downgrades, and overall investor pessimism. Macy's competitors do not seem to be better positioned to navigate potential 2023 headwinds. Yet, they trade at more than double the forward P/E of Macy's.

Macy's: Positioned To Outperform Peers With Compelling Margin Of Safety

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Macy's (M) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Macy's (M) Could Beat Earnings Estimates Again

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These retailers are most at risk for a margin squeeze this earnings season thanks to cautious consumers, heavy promotions

Macy's announced the 2023 class of The Workshop – the retail industry's longest running accelerator program dedicated to driving growth and providing opportunity to diverse and women-owned businesses.

Macy's Workshop Accelerator Program Brings New Brands And Products To Stores

Macy's says having off-price and full-price shopping in the same location gives it an edge with today's consumers.

Macy's Adds 10 Backstage Locations As Off-Price Sector Takes Off

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Evolution Petroleum Reports Fiscal Third Quarter 2023 Results and Declares Quarterly Cash Dividend for the Fiscal 2023 Fourth Quarter

Macy's has been under significant pressure due to weakened consumer sentiment that has ravaged retail spends, in particular, department stores. Given the current rout in stock prices, we believe there is a favorable risk-reward to buy.

Macy's: At An Inflection Point, Initiate At Buy

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. to Report First Quarter 2023 Results on June 1, 2023.

Macy's, Inc. to Report First Quarter 2023 Results on June 1, 2023

Macy's push into smaller and off-mall stores is its answer to investors who see department stores as dull and irrelevant.

Macy's opens more strip mall stores as expansion strategy faces pivotal test

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Macy's (M) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Macy's (M) Rating Upgrade to Buy

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This Summer, the iconic retailer partners with Anna Dello Russo to curate the latest pop-up shop to transport customers to a dreamy European holiday. NEW YORK , May 1, 2023 /PRNewswire/ -- Bloomingdale's announced today The Carousel @ Bloomingdale's: European Holiday Curated by Anna Dello Russo.

BLOOMINGDALE'S ANNOUNCES THE CAROUSEL @ BLOOMINGDALE'S: EUROPEAN HOLIDAY CURATED BY ANNA DELLO RUSSO

NEW YORK--(BUSINESS WIRE)--This May, Macy's welcomes 25 business owners to the 2023 class of The Workshop at Macy's, the retail industry's longest-running retail accelerator program dedicated to driving growth and providing opportunity to diverse and women-owned retail businesses. This spring, the 2023 class will have a new opportunity to access Macy's holistic supplier ecosystem, critical education and funding resources, new customers through a pop-up shop on macys.com and $250,000 in business.

The Workshop at Macy's Welcomes 2023 Class

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DUBLIN--(BUSINESS WIRE)--Avolon, the international aircraft leasing company, announces results for the first quarter (Q1) of 2023. 2023 FIRST QUARTER | FINANCIAL HIGHLIGHTS INCOME STATEMENT ($M) Q1 2023 Q1 2022 CHANGE Lease Revenue 599 658 (59) Operating Cashflow 310 320 (10) Reported Net Income 56 (182) 238 Adjusted Net Income* 56 80 (24) BALANCE SHEET ($M) Q1 2023 FY 2022 CHANGE Total Available Liquidity 5,527 5,567 (40) Total Assets 30,224 30,796 (572) Secured Debt / Total Assets 21% 22% (1%.

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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.

News for Macy's Stock (M)