Welcome to our dedicated page for Macy's news (Ticker: $M), a resource for investors and traders seeking the latest updates and insights on Macy's stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Macy's's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Macy's's position in the market.
Rhea-AI Summary
Macy’s, Inc. (M) appoints Michael Krans as vice president of Macy’s Media Network to enhance advertising partnerships and engage customers. Krans brings over 20 years of sales and marketing experience to drive media campaigns and revenue growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.84%
Tags
-
Rhea-AI Summary
Macy's receives a proposal from Arkhouse Management and Brigade Capital to acquire all outstanding shares for $24.00 per share in cash. The Board will review the offer to create long-term value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.55%
Tags
-
Rhea-AI Summary
Arkhouse Management Co. LP, along with partner Brigade Capital Management, has proposed an increased all-cash acquisition of Macy's at $24.00 per share, representing a 51.3% premium to the company's share price on Nov. 30, 2023, and a 33.3% premium to the closing share price on March 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.55%
Tags
Rhea-AI Summary
Macy's, Inc. (NYSE: M) announces a new strategy 'A Bold New Chapter' to accelerate growth, focusing on strengthening the Macy's nameplate, accelerating luxury growth, and modernizing operations. The plan includes closing 150 underproductive locations, investing in 350 go-forward locations, expanding Bloomingdale's and Bluemercury stores, and monetizing assets. The strategy aims to drive sustainable, profitable growth and create shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
-
Rhea-AI Summary
Macy’s, Inc. reported a fourth-quarter diluted EPS of $(0.26) and adjusted diluted EPS of $2.45, with a gross margin rate of 37.5%. The company achieved full-year 2023 net sales guidance and exceeded adjusted earnings guidance. Macy’s ended the year with over $1 billion in cash on the balance sheet and generated $1.3 billion in operating cash flow. The company announced 'A Bold New Chapter' strategy to challenge the status quo, enhance customer experience, deliver growth, and unlock shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
-
Rhea-AI Summary
Macy's, Inc. (M) declares a 5% increase in quarterly dividend to 17.37 cents per share, payable on April 1, 2024, to shareholders of record on March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.99%
Tags
Rhea-AI Summary
Macy’s, Inc. (NYSE: M) is set to release its fourth quarter and full-year 2023 sales and earnings results on February 27, 2024. The company will conduct a call and webcast with financial analysts and investors, led by CEO Tony Spring and CFO Adrian Mitchell. The live webcast will be accessible on the company's website, with details provided for participation and replay options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
-
Rhea-AI Summary
Macy’s, Inc. reiterates commitment to long-term value creation amidst director nominations and acquisition proposal. The Board and management emphasize expertise, openness to value creation opportunities, and strategic planning for shareholder value. The company evaluates options for growth and customer experience enhancement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
-
Rhea-AI Summary
Macy's launches State of Day, a new restwear, sleepwear, and innerwear brand, designed to provide comfort, versatility, and style for the modern woman. The collection features over 165 pieces with prices ranging from $8.50-$79.50, and sizes ranging from XS-XXL and up to 4X for sleepwear. State of Day is informed by customer research and aims to help women slow down, feel good, and take a break from running her world.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.78%
Tags
Rhea-AI Summary
Macy’s, Inc. announced that Tony Spring will serve as the new CEO, effective February 4, 2024, succeeding Jeff Gennette who is retiring after 40 years with the company. Gennette will continue as board chair until the 2024 Annual Meeting, with Spring taking over as chair after that. Spring is praised for his contributions to the company's strategies and culture, with a focus on talent development and customer innovation. The company expresses confidence in Spring's ability to lead Macy’s, Inc. into its next phase of growth and deliver value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
Macy's, Inc.
NYSE:M
M Rankings
M Stock Data
5.38B
272.18M
0.74%
89.51%
6.07%
Department Stores (except Discount Department Stores)
Retail Trade
United States of America
NEW YORK
About M
macy macy corp is a retail company based out of 1612 e 17th ave, denver, colorado, united states.