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.

NEW YORK--(BUSINESS WIRE)--In recognition and celebration of the legacy and impact of the five historically Black-founded fraternities of the National Pan-Hellenic Council (NPHC) known as The Divine Nine®, Macy's has developed an exclusive and versatile product collection. Inspired by the signature colors of Alpha Phi Alpha Fraternity, Inc., Kappa Alpha Psi Fraternity, Inc., Omega Psi Phi Fraternity, Inc., Phi Beta Sigma Fraternity, Inc. and Iota Phi Theta Fraternity, Inc., this new assortment.

Macy's Honors Historically Black-Founded Fraternities of The Divine Nine® With Exclusive New Collection

CALGARY, AB / ACCESSWIRE / April 26, 2024 / Southern Energy Corp. (" Southern " or the " Company ") (TSXV:SOU)(AIM:SOUC)(OTCQX:SOUTF), an established producer with natural gas and light oil assets in Mississippi, announces its fourth quarter and year end December 31, 2023 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with the Company's audited consolidated financial statements and related management's discussion and analysis (the " MD&A ") for the three and twelve months ended December 31, 2023, as well as the Company's annual information form for the year ended December 31, 2023, (the " AIF "), all of which are available on the Company's website at www.southernenergycorp.com and have been filed under the Company's profile on SEDAR+ at www.sedarplus.ca.

Southern Energy Corp. Announces Fourth Quarter and Year End 2023 Financial and Operating Results

Macy's has a buyout bid of $24 per share, up from the original offer of $21. The real estate value of Macy's is estimated to be worth double the current stock price. Macy's plans to focus on luxury stores and close underperforming locations while expanding the Bluemercury beauty brand.

Macy's: Still Looking For A Bigger Bid

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A decade ago, Amazon.com was all the worry in the retail industry — and retailers, to some degree, adapted. But UBS analysts have suggested that e-commerce isn't done with the brick-and-mortar store just yet.

A new wave of e-commerce disruption could close 45,000 retail stores over the next five years, analysts say

Macy's (M) is enhancing operations for sustainable growth while expanding its omnichannel presence and customer experience through strategic partnerships and technological upgrades.

Here's Why Macy's (M) Outpaced Its Industry in the Past 6 Months

CEO Tony Spring is on the clock to execute a turnaround vision with potential buyers pressing ahead with a bid to take Macy's private.

Macy's proxy fight is over, but the battle for the department store's future wages on

Macy's (M) on Wednesday ended a proxy fight by agreeing to calls for a board shakeup by activist investor Arkhouse Management.

Macy's Appoints Activist Investor Board Picks, Ending Proxy Fight

Macy's appointed today two new independent directors Richard (Ric) Clark and Richard (Rick) Markee. It is not clear who nominated the directors.

Macy's Appoints Two New Directors, Continues Talks With Arkhouse & Brigade

The retailer also said it continues to engage with Arkhouse and Brigade Capital Management over their revised buyout proposal.

Macy's adds 2 new directors to board, ending fight with activist investors

Gap Inc

Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pressure.

Department stores face another squeeze. This time, in store credit card revenue

Macy's Inc (NYSE: M) is trending down at writing after announcing to have settled its proxy fight with Arkhouse Management. Here's what it means for $M The department store chain has agreed to add two new directors to its board.

Macy's just moved closer to going private: find out more

Investment firm Arkhouse Management ended its proxy contest against Macy's, and withdrew its seven other director candidates.

Macy's Names Two Arkhouse Nominees to Board

Macy's appointed two new independent directors to its board, prompting Arkhouse Management to withdraw its nominations though talks continue about a potential acquisition.

Macy's Appoints Two Arkhouse Candidates to Board, Reaches Settlement

Macy's on Wednesday named two new independent directors to its board effective immediately, ending a proxy contest with activist investor Arkhouse Management.

Macy's appoints two new directors; ends proxy contest with Arkhouse

Macy's settles proxy fight with activist Arkhouse, adds two directors

Macy's Inc. M, +0.72% said Wednesday it's adding two independent directors to its board with immediate effect following engagement with private-equity firm Arkhouse Management Co. LP and making other changes in a move that will end the latter's proxy contest. Arkhouse ignited the proxy battle in February after the department-store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management.

Macy's to add two Arkhouse nominees to board as firm ends its proxy contest

NEW YORK--(BUSINESS WIRE)--Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), which owns a significant stake in Macy's, Inc. (“Macy's” or the “Company”) (NYSE: M), today issued the following statement regarding its settlement with the Company, including the appointment of its director nominees Richard (Ric) Clark and Richard (Rick) L. Markee to the Board of Directors (the “Board”) of the Company and the Board's Finance Committee. The following is attributable t.

Arkhouse Issues Statement on Settlement with Macy's

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced the appointment of two new independent directors, Richard (Ric) Clark and Richard (Rick) L. Markee, to its Board of Directors (the “Board”), effective immediately. The appointments of Clark and Markee follow the Board's engagement with Arkhouse Management Co. LP (“Arkhouse”), resulting in the withdrawal of its director nominations. The Company is also implementing previously announced changes to its Board, effective immediately.

Macy's, Inc. Appoints Richard Clark and Richard L. Markee to Board of Directors

Investors need to pay close attention to Macy's (M) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Macy's (M) Stock?

Macy's closures of about 150 stores could put up to $2 billion in annual sales up for grabs for other retailers.

Macy's hasn't closed its stores yet. But Target, Kohl's CEOs already smell opportunity

Let's be frank. Department stores are a wonderful creation of the last century.

How Will Macy's Survive - A Sign Of Hard Times For Department Stores

SYNNEX

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal first quarter ended February 29, 2024. Consolidated Financial Highlights for the Fiscal 2024 First Quarter:     Q1 FY24   Q1 FY23   Net Change from Q1 FY23 Revenue ($M)   $ 13,975.3     $ 15,125.4     (7.6 )% Non-GAAP gross billings ($M)(1)   $ 19,266.7     $ 20,202.2     (4.6 )% Gross profit ($M)   $ 1,005.8     $ 1,003.6     0.2 % Non-GAAP gross profit ($M)(1)   $ 1,005.

TD SYNNEX Reports Fiscal 2024 First Quarter Results; Announces New $2B Share Repurchase Authorization

The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy's consider a shift toward private-equity or hedge-fund ownership. These potential moves could have extensive implications for the retail sector, reshaping the landscape of the industry, Reuters reported Wednesday (March 20).

Macy's, Nordstrom Eye Private Ownership While Adapting to Retail Market

America's biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the retail landscape in the United States.

Nordstrom, Macy's deals could put private ownership back in vogue for US retailers

Macy's Inc has agreed to open its books to Arkhouse and Brigade Capital, people familiar with the matter said, a potential breakthrough in the investment firms' $6.6 billion bid to take the U.S. department store operator private.

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