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.

Macy’s said it will axe 3,900 corporate employees on Thursday as it struggles to recover from coronavirus lockdowns nationwide.

Macy’s to slash 3,900 corporate jobs and furlough more store employees

Macy's is cutting roughly 4,000 back-office and management jobs as Covid-19 continues to hurt its bottom line.

Macy's lays off nearly 4,000 employees

Macy's Inc said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen some of the financial strain of dwindling sales due to the COVID-19 pandemic.

Macy's to cut 3,900 jobs to help counter COVID-19 losses

Macy's Inc. M, -5.17% said Thursday that it will cut 3,900 workers across corporate and management roles, as well as store staff, supply chain employees and the customer service network due to the impact of COVID-19.

Macy's to cut 3,900 corporate and management jobs due to COVID-19 impact

Macy’s said it is cutting 3% of its workforce to reduce costs as it struggles with the effects of the coronavirus pandemic.

Macy's to slash 3,900 corporate jobs in restructuring

NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE:M) today announced details of a restructuring that will align its cost base with anticipated near-term sales as the business recovers from the impact of the COVID-19 pandemic, including the closure of stores from March 18 through May 4, 2020 and gradual re-opening. The company will reduce corporate and management headcount by approximately 3,900. Additionally, Macy’s, Inc. has reduced staffing across its stores portfolio, supply chain and customer s

Macy’s, Inc. Announces Restructuring to Address Sales Impact from the COVID-19 Pandemic

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While the coronavirus pandemic has disrupted much of the traditional retail industry in recent months and dampened apparel sales, resulting in a slew of store closures and bankruptcies, there is one corner of the market that is thriving: secondhand clothing.

While the Coronavirus Has Wounded Traditional Retail, the Resale Market Is Set to Grow

Amazon

Sitting on approximately $27 billion in cash and enjoying robust economic growth during the COVID-19 pandemic — with second-quarter sales expected to grow more than 27% — Amazon.com Inc (NASDAQ: AMZN) is rumored to be on the acquisition hunt.

Is Amazon On The Hunt? Analyzing Rumored Macy's, J.C. Penney Acquisitions

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The flood of retailers moving to open-air shopping venues is a reflection of costs and changing lifestyles, and the movement is just starting.

Retailers Are Leaving Malls for Good Reason, Some Better Prepared Than Others

NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE: M) (“Macy’s”) announced today the commencement by its wholly-owned subsidiary, Macy’s Retail Holdings, LLC (“MRH”), of offers to eligible holders to exchange (each, an “Exchange Offer” and, collectively, the “Exchange Offers”) (i) new 6.65% Senior Secured Debentures due 2024 (“New 2024 Notes”) to be issued by MRH for validly tendered (and not validly withdrawn) outstanding 6.65% Senior Debentures due 2024 issued by MRH (“Old 2024 Notes”), (ii) new

Macy’s Inc. Announces Commencement of Exchange Offers and Consent Solicitations for Certain Outstanding Debt Securities of Macy’s Retail Holdings, LLC

The U.S. economic recovery will prove immune to a second Covid-19 wave, meaning now is the time to buy the dip in Macy's stock.
The post It’s Time to Buy the Dip in Macy’s Stock … Again appeared first on InvestorPlace.

It’s Time to Buy the Dip in Macy’s Stock … Again

Sustainability-minded younger shoppers and bargain-hunting consumers of all ages who are feeling the economic pinch of the COVID-19 pandemic are increasingly giving up new clothes for resale items that sometimes still have their tags.

COVID-19 propels an already surging secondhand clothing market

Despite the coronavirus pandemic upending much of the retail industry and putting a damper on apparel sales, the secondhand clothing market is still expected to boom, according to one online, resale marketplace.

Resale market expected to be valued at $64 billion in 5 years, as used clothing takes over closets

The COVID-19 pandemic may encourage Macy's to close stores faster than previously planned, enabling it to cash in on more of its real estate.

Can Macy's Fix Its Balance Sheet With Real Estate Sales?

Macy’s stock has enjoyed some big percentage gains off its lows due to positive economic data. But don’t let the improved sentiment fool you -- this is still a troubled name.

Macy’s Stock Will Flounder Without Hollywood to Back It Up

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Tapestry

Retail spending is recovering more quickly than expected.

Why Macy's,  Nordstrom, and Other Consumer-Discretionary Stocks Closed Higher Today

On both sides of the Atlantic, brick and mortar retail is under an existential threat, the likes of which it has never before faced.

The Retail Apocalypse And COVID-19 Are No Respecters Of Reputations: Just Ask Macy’s, Nordstrom And John Lewis

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Rising numbers of coronavirus cases had investors rightly worried.

Why Macy's, Nordstrom, and Other Retailers' Stocks Closed Lower Today

Rising numbers of coronavirus cases have investors worried.

Why Macy's, Nordstrom, and Kohl's Stocks Are Sinking Today

Macy's (M) posted dismal fiscal first-quarter preliminary results with the top and the bottom line deteriorating year over year.

Macy's Shares Tumble Due to Drab Preliminary Q1 Results

Sales plunged 45% year over year for the No. 1 department store operator last quarter, leading to an ugly loss, but Macy's has made big strides towards stabilizing its business.

Coronavirus Crushed Macy's, But It's Showing Signs of Life

The CEO of Macy’s Inc. (NYSE: M) Jeff Gennette, has highlighted the importance of diversity, inclusion, and the need to support the retailer’s minority staff.

Diversity And Inclusion In Macy's DNA For Years, But More Still Needs To Be Done, Says CEO Jeff Gennette

Macy's Chief Executive Jeff Gennette says diversity and inclusion has been in the retailer's DNA for years, but it needs to and plans to do more, in light of the recent protests over the death of George Floyd.

As 'America's department store,' Macy's CEO says retailer must take action on diversity

Macy's Inc  warned on Tuesday its business was not likely to return to normal until late next year, even as it saw better-than-expected sales from stores reopening after COVID-19 lockdowns were lifted across the United States.

Macy's says return to normal business at least a year away

Macy's said hundreds of reopened stores are performing better than expected, while a new credit line shored up its cash position.

News for Macy's Stock (M)