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, Inc.'s (M) CEO Jeff Gennette on Q2 2019 Results - Earnings Call Transcript

Shares in US department store chain Macy's have plunged after a decline in tourist shoppers helped dent sales and profits, while it also grapples with the prospect of new tariffs on Chinese goods.

Macy's tumbles as tourism slump hurts profits

Alphabet

One way Macy's is trying to improve its business stems from the work it's doing on the back end, at its more than a dozen fulfillment centers.

Macy's teams up with Google to help run its warehouses

Merchandise planning missteps and a sudden drop in international tourist traffic destroyed the No. 1 department store operator's profitability last quarter.

Profit Plunges at Macy's on Inventory Challenges

Macy’s Inc. (NYSE:M) released its second-quarter financial results before the opening bell on Aug.

Macy’s 2nd-Quarter Earnings Miss Projections

Macy's Inc (NYSE: M) competes against "pitiful" J C Penney Company Inc (NYSE: JCP) so its poor performance in the second quarter is either a function of poor execution or a loss of identity, according to Jim Cramer.

Cramer Blasts Macy's, But Doesn't Think It's In Trouble

Macy's Inc  cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18%.

Macy's shares sink as discounts to clear inventory hurt, tourism drops

Kohl's and Urban Outfitters followed Macy's lower ahead of their own quarterly reports.

Macy's Shares Plunge 17% as Earnings Results Spark Panic in Retail Stocks

Macy's Inc  slashed its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18%.

Macy's sinks as discounts to clear inventory backfire, tourism drops

Despite Macy's abysmal earnings report Wednesday, one analyst said there's not much more the department store could be doing to improve.

Macy's is doing all the right things—except being in a mall, analyst says

Macy's (M) reports negative earnings surprise during the second quarter of fiscal 2019. Lower-than-expected performance and trimmed view gravely hurt investor sentiment.

Macy's (M) Stock Down on Q2 Earnings Miss, FY19 View Cut

Macy's Inc  Chief Executive Officer Jeff Gennette said on Wednesday that the department store chain would not raise prices on products if the Trump administration goes ahead with its latest 10% tariffs.

Macy's not looking to raise prices if new tariffs imposed: CEO

Macy's said it started a pilot this month with resale marketplace ThredUp at 40 Macy's stores across the country.

Macy's is getting into the clothing subscription and resale businesses

Macy's Inc  cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted heavily to clear spring inventory, sending its shares down 17%.

Macy's sinks as poor spring season hits profit

Macy’s cut its full-year earnings forecast after missing Wall Street estimates for quarterly profit for the first time in two years, as the department store operator discounted heavily to clear Spring inventory, sending its shares down 13%. The company said on Wednesday inventory became a challenge as it also missed the mark with its key.

Macy’s shares plunge as discounts eat into profits

"We are working with our sourcing and tariff partners to mitigate the risk between vendors and our margins," CEO Jeff Gennette told CNBC in an interview Wednesday morning.

Macy's CEO Jeff Gennette: Shoppers have 'no appetite' for price increases from looming tariffs

Macy's (M) delivered earnings and revenue surprises of -37.78% and -1.47%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?

Macy's (M) Misses Q2 Earnings and Revenue Estimates

Macy’s Inc. (NYSE: M) reported its most recent quarterly results before the markets opened on Wednesday.

Are Macy’s Earnings a Warning to Other Retailers?

Shares of Nordstrom, Kohl's, and Dilliard's fell in premarket trading on Wednesday after Macy's lowered its profit outlook in an earnings miss that was indicative of challenges within the broader department store and retail sector.

Department store stocks fall on the heels of Macy's dismal earnings

Macy's Inc  cut its full-year earnings forecast after missing Wall Street estimates for quarterly profit for the first time in two years, as the department store operator discounted heavily to clear Spring inventory, sending its shares down 13%.

Macy's cuts forecast after first profit miss in two years, shares slide

Macy's Inc. M, +0.41% shares plummeted 12.7% in Wednesday premarket trading after the department store retailer reported second-quarter earnings that missed expectations and lowered its guidance below the FactSet outlook.

Macy's shares plummet 12% after earnings miss, weak guidance

Macy's Inc (NYSE: M) reported adjusted second-quarter earnings of 28 cents per share, which missed the analyst consensus estimate of 46 cents.

Macy's Falls After Big Q2 Earnings Miss, Guidance Cut

Macy's Inc  reported a 48% fall in quarterly profit and cut its forecast for full-year adjusted earnings on Wednesday, as the department store operator discounted heavily to clear excess inventory, sending its shares down 13%.

Macy's posts 48% drop in profit, cuts full-year forecast

Macy's slashed its profit guidance after Q2 earnings badly missed forecasts amid deep discounting. Shares plummeted early Wednesday.

Macy's Stock Plunges On Huge Earnings Miss, Lower Guidance

Macy's shares are down more than 50% from a year ago. The company has been hit along with other department store operators.

News for Macy's Stock (M)