Macys Inc - M STOCK NEWS

Macy's marks the 25th anniversary of its prestigious Hotel Collection, a premium lifestyle brand specializing in bedding and bath products. To commemorate this milestone, the company has unveiled a -edition capsule featuring 'Made in Italy' bedding and Turkish cotton bath collections, available through Macy's mobile app, website, and physical stores.

The Hotel Collection has maintained its reputation for exceptional craftsmanship and sophisticated style since its inception, bringing luxury hotel experiences into customers' homes. As part of Macy's Bold New Chapter strategy, the brand has been reimagined with a modernized aesthetic while maintaining its focus on premium quality.

The anniversary collection showcases high-end materials sourced globally, including Italian percale sheets and Turkish towels. The designs feature a blend of muted hues, subtle finishes, and sophisticated motifs, offering both classic and contemporary prints. The celebration will continue throughout the year with special European-made designs, including the Interlace Jacquard and Positano Matelassé Collection.

Macy's (NYSE: M) has appointed Barbie Cameron as Chief Stores Officer, effective February 16. Cameron, who previously served as senior vice president and regional director of stores, East Region, and interim Chief Stores Officer since August, will report to Adrian Mitchell, Chief Operating Officer and Chief Financial Officer.

In her new role, Cameron will lead store operations across Macy's nameplate, including flagships, small format stores, and call center operations. She will focus on modernizing Macy's, improving shopping environments, and enhancing customer and colleague experience as part of the company's Bold New Chapter strategy, a three-year plan for sustainable profitable growth.

Cameron brings 37 years of experience at Macy's, starting as a sales manager and advancing through various leadership positions in merchandising execution and buying. She was named senior vice president and regional director, East Region in 2020.

Bloomingdale's has announced an exclusive collaboration with Warner Bros. Discovery Global Consumer Products to launch The White Lotus x AQUA collection, coinciding with the HBO series' third season set in Thailand. The collection, launching February 3, 2025, will feature women's apparel and accessories inspired by the show's tropical aesthetic.

The line includes beachy items such as two-piece sets, dresses, swimsuits, crochet totes, and sandals, along with casual wear like hoodies, t-shirts, and joggers. The collection will be available both online and in all Bloomingdale's stores, with a special window display at the 59th Street location. The third season of The White Lotus is scheduled to premiere on February 16th on HBO and Max streaming platform.

Bloomingdale's has announced a partnership with Flamingo Estate to transform its Carousel space into a pop-up market at the 59th Street flagship store and online, launching January 23rd through mid-March 2025. The collaboration brings California's garden-grown products to New York, featuring a curated selection of bath & body products, candles, and gourmet pantry goods from over 120 farmers and growers employing regenerative practices.

The partnership includes special in-store activations such as a book signing with founder Richard Christiansen on February 8th, custom calligraphy sessions for olive oil bottles and candles on select Saturdays, and product sampling events. The pop-up aims to recreate the essence of Flamingo Estate's Los Angeles home and garden experience in New York, complete with ceiling decorations featuring fragrant plants.

Macy’s, Inc. (NYSE: M) provided an update on its fiscal fourth-quarter 2024 results and outlook. The company's go-forward business achieved quarter-to-date comparable sales growth, with Macy’s First 50 locations and luxury nameplates Bloomingdale’s and Bluemercury continuing their positive trend. Macy’s digital channel also saw comparable sales growth. However, overall comparable sales were roughly flat, with non-First 50 locations underperforming and generating negative comparable sales.

For the fourth quarter, Macy’s expects adjusted diluted earnings per share to be in-line with the previously issued range of $1.40 to $1.65 and net sales to be at, or slightly below, the low-end of the $7.8 billion to $8.0 billion range. CEO Tony Spring highlighted the success of the Bold New Chapter strategy, which is on track for a second quarter of sequential comparable sales improvement. The company plans to expand initiatives to an additional 75 Macy’s locations in Fiscal 2025.

Macy’s will report full results for the fourth quarter and fiscal year 2024 in early March 2025. Key executives will participate in the 2025 ICR Conference in Orlando, FL, with a live webcast available on the investor relations section of the Macy’s website.

Macy's (NYSE: M) has confirmed the closure of 66 store locations as part of its Bold New Chapter strategy announced in February 2024. The plan aims to achieve sustainable, profitable growth by closing approximately 150 underproductive stores over three years while investing in 350 go-forward locations through fiscal 2026.

The company's pilot program, known as First 50, has shown positive results with increased sales for three consecutive quarters and record customer satisfaction scores. Macy's is focusing resources on better-performing stores with improved product offerings and elevated service. The company enters 2025 positioned to build momentum with a stronger store fleet and enhanced customer experience both in-store and through digital channels.

Macy's (NYSE: M) has announced its participation in the 2025 ICR Conference in Orlando, FL. Key executives including Tony Spring (Chairman and CEO), Adrian Mitchell (COO and CFO), and Nata Dvir (Chief Merchandising Officer) will engage in a fireside chat scheduled for 8 a.m. ET on Tuesday, January 14, 2025.

The event will be accessible through a live webcast on the investor relations section of Macy's website. Interested parties can view the recording for up to 90 days following the conference on www.macysinc.com/investors.

Macy's, Inc. (NYSE: M) has appointed Robert Chavez as an independent director to its Board of Directors, effective April 1, 2025. Chavez brings over 45 years of experience in the retail industry, focusing on the luxury sector. He has served as President and CEO of Hermès Americas for 24 years, where he expanded e-commerce, product offerings, and store locations across the U.S., Canada, and Latin America. Previously, Chavez was CEO of Etienne Aigner Group and began his career in the Bloomingdale’s Executive Development program, later working as a Divisional Merchandising Manager at Macy's.

Chavez's appointment aims to leverage his extensive retail and leadership experience to help Macy’s capture market share across its three brands: Macy’s, Bloomingdale’s, and Bluemercury. Tony Spring, Chairman and CEO of Macy’s, expressed confidence in Chavez's ability to contribute to the company's growth initiatives.

Additionally, Sara Levinson will not seek reelection at the 2025 Annual Meeting of Shareholders due to the Board's mandatory retirement age policy. Levinson has been a board member since 2004, serving on several committees. Paul Varga, Macy’s lead independent director, acknowledged her contributions and welcomed Chavez as part of the board's ongoing refreshment strategy.

Lucky has announced a strategic partnership with Bloomingdales to enhance luxury shopping experience by integrating Direct-To-Consumer (DTC) websites with Bloomingdales' in-store inventory. The collaboration enables online shoppers to check real-time product availability at local Bloomingdales stores while browsing brand websites, with options for same-day pickup or delivery.

The integration allows brands to connect their customers with retail inventory, track conversions on their eCommerce websites, and leverage Bloomingdales' inventory feed. Brands can attribute retail sales to online channels and understand consumer demand for local fulfillment in real-time. The partnership aims to bridge online discovery with immediate accessibility across Bloomingdales' locations in major metropolitan areas.