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

Earnings data Q1 2021

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Earnings data Q4 2023

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Earnings data Q3 2024

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.

Gap Inc

Kohl's

Major U.S. retailers Macy's Inc , Kohl's Corp  and Gap Inc  said on Monday they would furlough tens of thousands of employees, as they prepare to keep stores shut for longer to curb the spread of the coronavirus outbreak.

Macy's, Kohl's, Gap turn to mass furloughs as virus crisis deepens

Department store operators Macy's Inc  and Kohl's Corp  said on Monday they would furlough thousands of employees as U.S. retailers keep their stores shut to curb the spread of the coronavirus outbreak.

Macy's, Kohl's to furlough employees as virus crisis keeps stores shut

Only those employees essential for its e-commerce operations will remain actively employed.

Macy's Furloughs Most Workers as Coronavirus Shutdowns Continue

Macy's Inc  said on Monday it would furlough most of its employees starting this week as all stores of the department chain operator stay closed to curb the spread of the coronavirus.

Macy's to furlough nearly 130,000 employees as virus keeps stores shut

Macy's Inc (NYSE: M) was one of the worst-performing stocks in the entire S&P 500 in 2019, and is off to a horrendous start to 2020 thanks to COVID-19.

Large Macy's Option Trader Makes Bearish Bet On More Downside Following Employee Furlough Announcement

Macy's is furloughing a majority of its 125,000 employees because of the ongoing coronavirus pandemic, which has sunk sales and forced it close to its stores.

Macy's will furlough the majority of its 125,000 employees

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Macy’s said on Monday it would furlough most of its 130,000-strong workforce starting this week as all of the company’s stores have been temporarily shut due to the coronavirus pandemic. The department store chain added that there would be fewer furloughs in its digital business, which is still operational, supporting distribution centers and call centers.

Macy’s to furlough most of its 130,000 workers, with fewer cuts to digital staff

Macy’s Inc. (NYSE: M) announced on Monday that it will furlough a “majority” of its employees as a result of ongoing concerns about the coronavirus pandemic.

Macy’s Furloughs Most of Its 125,000 of Employees

Macy's Inc  said on Monday it would furlough most of its 130,000-strong workforce starting this week as all of the company's stores have been temporarily shut due to the coronavirus pandemic.

Macy's to furlough most of 130,000 employees as stores stay shut

The department store said the majority of its sales have evaporated as a result of temporary store closures.

Macy’s Will Furlough The Majority Of Its 125,000 Employees

Macy's Inc. M, -1.90% said Monday that it will furlough most of its staff as store closures take a toll.

Macy's to furlough majority of its 130,000 workers this week after losing 'majority' of sales

The retailer declined to say how many employees will be furloughed, but said it will be across Macy's, Bloomingdale's and Bluemercury.

Macy's will start furloughing most employees this week as it copes with significant sales losses

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If store closures because of the coronavirus last longer than eight months, that is when “liquidity becomes a significant risk factor,” Cowen said.

America's department stores can make it as much as 8 months with closed stores before liquidity troubles mount, analyst says

Moody's Investors Service late Thursday downgraded Macy's Inc.'s M, -10.14% debt and Gap Inc.

Macy's, Gap bonds downgraded to junk by Moody's

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The company has remained profitable, but COVID-19 will only add to the headwinds the company faces.

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Why Is Macy's (M) Down 51.4% Since Last Earnings Report?

The beleaguered department store company is throwing all its goodwill behind its name.

Macy's CEO Says He Won't Get Paid During Coronavirus Pandemic

America's top three department-store operators have jumped into action to mitigate a working-capital crunch, as sales dry up from the COVID-19 pandemic.

Department Stores Suspend Dividends and Conserve Cash As Coronavirus Crushes Sales

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The company needs the funds to shore up a business under significant pressure.

News for Macy's Stock (M)