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.

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Shares of Macy's Inc. M, -4.20% took an midday dive Tuesday, after S&P Global Ratings downgraded the department store chain's credit to "junk" status, citing a weaker profitability outlook after the company unveiled its three-year strategic plan.

Macy's stock takes a dive after S&P cuts credit to 'junk'

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Macy’s Inc. (NYSE:M) could deliver a stock price turnaround after its 33% decline over the past year.

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Macy's Story Doesn't Have a Happy Ending

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Macy’s and Sephora are opening stores in neighborhoods -- right where the customer shops the most.

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A new location for Macy's tech office is just a cost savings scapegoat and a pyrrhic victory for Wall Street. If the work, the vision, and the strategy aren’t there, that is the real problem, not the location of the office, writes Forbes Contributor Chris Walton.

Macy’s Decision To Close SF Office Is The Scary Last Nail In Its Own Coffin

The store-in-store boutique concept with regularly rotating themes never seemed to catch on.

Macy's to Close 16 of Its 36 Story Boutiques

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Macy’s Challenge To Regain Leadership

Both Macy's and J.C. Penney are at a crossroad and must make fundamental changes to remain viable.

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With a series of big strategic shifts this week, the department store is trying to reinvent itself on the fly. Is it too little too late?

Can Jeff Gennette Get The Department Store Monkey Off Macy’s Back?

Macy’s Inc. (NYSE: M) announced difficult results, and even more troubling numbers for the near future.

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The turnaround plan Macy's presented at its investor day conference had retail investors feeling jazzed.

Why Department Store Stocks Were Climbing Today

The struggling department store chain is borrowing a page from the playbook of rivals.

Macy's to Expand Its Private Label Business

Part of Macy's strategy to try to keep shoppers interested in its stores is to revamp its private labels, with the goal of offering customers something so unique they cannot find anywhere else.

Macy's says it will grow 4 of its private brands to $1 billion

Macy’s plans to close 125 stores within three years and slash 2,000 corporate jobs as part of an effort to cut costs. The stores slated to shut down, located in “lower-tier” malls, account for about $1.4 billion in annual sales but are among Macy’s “least productive” locations, the company said Tuesday.

Macy’s to close 125 stores, slash 2,000 jobs across country

Hundreds of American malls are struggling. Their troubles just got worse.

Macy's just dealt a big blow to the struggling American mall

Yesterday Macy’s announced plans to close 125 stores and eliminate more than 2000 jobs.

Macy’s Underwhelms With New ‘Shrink To Grow’ Strategy

At the same time the department store is closing a fifth of its locations, it is testing small-format stores in strip centers.

Macy’s Still Wants To Open New Stores. Just Don’t Go Looking For Them In A Mall.

"We see a bifurcation of malls," Macy's CEO Jeff Gennette told investors Wednesday during a meeting at the New York Stock Exchange. "The lower-tier malls continue to decline rapidly.

Macy's CEO Jeff Gennette says America's weak malls 'continue to decline rapidly'

As Macy's aims to get back to profitability and sales growth, it is meeting with investors Wednesday in New York to rally support for its turnaround plans.

News for Macy's Stock (M)