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.
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.
FIT:MATCH has launched an innovative bra fitting technology in select Macy’s stores, enhancing the shopping experience for customers this holiday season. This digital twin platform enables shoppers to get scanned and receive personalized bra recommendations based on their body shape, alleviating the common problem where 80% of women wear the wrong size. The service will be available in nine stores across the U.S., featuring brands like Bali® and Maidenform®. FIT:MATCH aims to revolutionize fitting processes not just for bras but across various apparel categories.
Macy’s (NYSE: M) will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 7, 2022, at 8:00 a.m. ET. The event will feature Adrian Mitchell, Chief Financial Officer of Macy's. A live webcast will be accessible on the Macy’s investor relations website, along with a recording post-event. Macy's is renowned for offering quality brands, operating a significant e-commerce business, and is dedicated to creating a future with bold representation.
Macy’s, Inc. (NYSE: M) released its third-quarter 2022 financial results, reporting net sales of $5.2 billion, down 3.9% year-over-year. Diluted EPS was $0.39, and adjusted diluted EPS was $0.52. Comparable sales decreased by 3.1% on an owned basis, with digital sales down 9%. The company reaffirmed its annual sales guidance while raising adjusted EPS guidance to $4.07 - $4.27 due to better credit card revenue expectations. Strong financial health is highlighted by an improved balance sheet and appropriate inventory levels, positioning Macy’s for the holiday season.
Boll & Branch has partnered with Bloomingdale's to introduce their luxury bedding collection, known for its sustainability and craftsmanship. The collaboration aligns with Bloomingdale's 150th anniversary and the 'b the change' initiative. Products like sheet sets and the Boll & Branch Reserve Collection, made from rare organic cotton, will be available in-store and online. The launch started on November 4, 2022, in New York City, with further expansions planned. CEO Scott Tannen emphasized the commitment to social impact and sustainability.
Macy's, Inc. has launched S.P.U.R. Pathways: Shared Purpose, Unlimited Reach, a transformative funding program aimed at enhancing entrepreneurial growth and bridging wealth gaps for underrepresented businesses. With an initial commitment of
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