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.
Macy's Inc. (symbol: M) is a premier American retail company headquartered in New York City, originally founded in 1858. Macy's operates an extensive network of approximately 500 stores under its own name, nearly 60 stores under the Bloomingdale's and Bloomie's nameplates, and 159 freestanding Bluemercury specialty beauty stores. The company also runs several e-commerce platforms that cater to a global customer base.
Macy's core business revolves around the sale of women's apparel, accessories, shoes, cosmetics, and fragrances, which accounted for 62% of its 2023 sales. The company is continually expanding its product lines to meet diverse consumer demands, ensuring a broad spectrum of offerings from luxury brands to everyday essentials.
Recent achievements include strategic partnerships and licensing arrangements, such as the operation of Bloomingdale's stores in the United Arab Emirates and Kuwait. These ventures have helped Macy's extend its footprint beyond the United States and tap into emerging markets.
Financially, Macy's has shown resilience amidst varying economic conditions. The company's focus on enhancing its digital platforms has paid off, contributing significantly to its overall revenue. Macy's also prides itself on a rich history of innovation and customer engagement, which continues to drive its success in a competitive retail landscape.
Macy's latest news includes updates from internal sources and key stakeholders like Arkhouse Management Co. LP. These updates ensure investors and customers are well-informed about the company's ongoing projects and future prospects.
In celebration of Women's History Month, Bloomingdale's launched The Carousel @ Bloomingdale's: Female Founders Curated by Tika Sumpter, featuring products from 50 female-founded brands. The initiative runs from February 23 to April 24, showcasing items across various categories such as home, fashion, and self-care. Tika Sumpter's Fort Sumpter brand will also debut a capsule collection inspired by her family. Special events including an On-Screen shopping event on March 8 and nationwide activations on March 11 will further promote female empowerment. This partnership highlights Bloomingdale's commitment to amplifying women's voices in retail.
Macy’s, Inc. (NYSE: M) will announce its fourth quarter and full-year 2022 sales and earnings results on Thursday, March 2, 2023, at 8:00 a.m. ET. A call and webcast will be available to financial analysts and investors, with public access via www.macysinc.com. Analysts can join the call by dialing 1-877-407-0832, and a replay will be accessible afterwards using passcode 13736202. Headquartered in New York City, Macy's operates a major e-commerce platform alongside traditional retail, offering quality brands from off-price to luxury.
Macy’s has launched PATTERN Beauty, marking its first partnership with a department store in the haircare sector. The collection, designed for curly, coily, and tight-textured hair, includes products priced between
This partnership enhances Macy’s offerings in the curl category, responding to consumer demand for diverse haircare products. PATTERN Beauty is available for purchase online at macys.com, through the Macy's mobile app, and at select Macy's locations nationwide.
Macy’s has launched the Shash Diné Hotel Collection®, a limited-edition home collection inspired by Southwestern designs, curated by Baya Meehan, CEO of Shash Diné EcoRetreat. This collection features items such as quilts, comforters, and towels, priced between $70.00 and $500.00, available at macys.com, the Macy’s app, and selected retail locations. The collaboration emphasizes Navajo heritage and aims to enhance customer experience by bringing the essence of glamping into homes. This initiative aligns with Macy's commitment to diverse partnerships under its Mission Every One platform.
Macy's, in partnership with Big Brothers Big Sisters of America (BBBSA), raised $4.8 million during the 2022 holiday season, aimed at expanding youth mentorship opportunities. The campaign coincides with the launch of a multi-year partnership under Macy's Mission Every One initiative, which plans to allocate $125 million to nonprofit organizations by 2025. This fundraising effort engaged over 230 BBBSA agencies across 5,000 communities nationwide, underlining Macy's commitment to positive societal change.
Macy’s, Inc. (NYSE: M) updated its fiscal Q4 sales and adjusted EPS guidance, predicting net sales between
Bloomingdale's is set to enter the Seattle market with the opening of its third Bloomie's location in 2023, following successful launches in the Chicagoland area and Fairfax, Virginia. This smaller format store aims to offer a contemporary shopping experience featuring a carefully curated selection of top brands across various categories, including apparel, beauty, and gifts. Located in University Village, it promises to enhance the local shopping atmosphere while remaining true to Bloomingdale's brand identity.
Macy’s (NYSE: M) announced participation in the 2023 ICR Conference in Orlando, FL. CEO Jeff Gennette, CFO Adrian Mitchell, and CMO Nata Dvir will present at 9:00 a.m. ET on January 9, 2023. A live webcast of the event will be available on Macy’s investor relations website, with a recording accessible for 90 days post-event. The company is a prominent retailer, offering a wide array of quality brands across its stores, including Macy’s, Bloomingdale’s, and Bluemercury, and emphasizes a commitment to delivering exceptional shopping experiences.
Macy’s is positioned as the go-to gifting destination this holiday season, offering last-minute gifts through its Holiday Gift Finder. Customers can conveniently shop online at macys.com or via the mobile app. With a wide range of gifts under $15, $25, and $50, Macy's aims to cater to all needs, including exclusive items like toys and beauty products. The retailer has extended store hours for the holiday season and highlights gift cards for those unsure of what to choose.
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