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.
Macy's has announced a multi-year partnership with Big Brothers Big Sisters of America (BBBSA) to empower youth through mentorship. This initiative is part of Macy's broader social purpose platform, Mission Every One. Starting November 1 through December 24, customers can contribute by donating online or rounding up in-store purchases. Funds raised will support BBBSA's mentoring model, reaching more young people across the nation. The partnership aims to enhance youth representation and equity, while Macy's will promote the mission during the holiday season.
Macy’s (NYSE: M) will announce its third quarter 2022 sales and earnings on November 17, 2022, with a conference call at 8:00 a.m. ET. The event will be accessible via a live webcast on the company’s website, www.macysinc.com, where the presentation will also be available. Analysts can join the call by dialing 1-866-580-3963 (passcode: 2252807). A replay will be available two hours post-call. Macy’s continues to provide quality brands and a seamless shopping experience across various platforms.
The board of directors of Macy's declared a quarterly dividend of 15.75 cents per share on its common stock. This dividend is payable on January 3, 2023, to shareholders of record as of December 15, 2022. Macy's continues to serve as a trusted source for quality brands while operating one of retail’s largest e-commerce platforms.
Macy's announces its holiday shopping season with Black Friday early access deals from November 7 and exclusive sales from November 20 to 26. The retailer emphasizes ease of shopping through its website, app, and in-store options. Major discounts include 75% off fine jewelry and 60% off toys. Macy's will close on Thanksgiving Day and reopen for Black Friday at 6 a.m. on November 25. The company also offers flexible payment options and personal stylist services to enhance the shopping experience.
Bloomingdale's has officially launched its holiday season campaign, titled Best Holiday Ever, celebrating its 150th anniversary. Starting with a window display unveiling on November 17, the flagship store will showcase festive elements and host a performance by Billy Porter. Various in-store and digital events will include breakfast with Santa, exclusive shopping experiences, and collaborations with notable figures like Ayesha Curry. The campaign also supports charitable efforts, partnering with organizations like No Kid Hungry and the Child Mind Institute.
Macy’s will bring back beloved holiday traditions, including visits from Santa Claus and iconic holiday displays, across various locations including Chicago, New York, Philadelphia, and San Francisco. The festive season kicks off with the lighting of the 115th annual Great Tree in Chicago on November 5. The Macy’s Santaland digital experience returns, allowing children nationwide to interact with Santa virtually. Reservations will be required for in-store Santa visits. The holiday activities are set to delight families and continue the retail giant's long-standing tradition of joyous celebrations.
Bloomingdale's has announced the opening of its second "Bloomie's" store on November 17, 2022, at Westfield Old Orchard Mall, Chicago. This 51,000 square-foot store offers a curated shopping experience with a focus on top brands and innovative services. Bloomie's will feature men's and women's fashion, home collections, and a new restaurant, bCafé. To celebrate its launch, Bloomie's will host "10 Days of Bloomie's" with various events and collaborations, including a partnership with No Kid Hungry. The store aims to enhance the shopping experience through personalized customer service.
Macy's, in collaboration with VeeFriends, is launching a limited series of collectible plush and vinyl characters created by Gary Vaynerchuk. Available from October 17, the collection can be pre-ordered at Macy's stores and online. Prices range from $9.99 to $29.99. Each figure features a QR code linking to 3D animated content. Vaynerchuk's characters aim to inspire positive traits in consumers. In-store appearances are scheduled for Chicago and New York City on October 17 and 21, respectively, with NFT token holders receiving a complimentary figure.
Bloomingdale's is continuing its commitment to breast cancer awareness by launching its annual Pink Campaign as part of its 150th Anniversary. On October 8, the retailer will host PINK Yoga and PINK Parties across select stores, aiming to raise awareness and funds for The Breast Cancer Research Foundation and The Tutu Project. Over 18 years, Bloomingdale's has raised over $16 million for breast cancer initiatives. The campaign also includes the Give Pink, Get More program, offering rewards for Bloomingdale's credit cardholders who contribute.
Macy's has launched a curated digital marketplace on macys.com, enhancing its e-commerce offerings with over 400 new brands across more than 20 product categories. This initiative reflects Macy's commitment to providing a seamless shopping experience while integrating third-party sellers into its platform. Key categories include apparel, beauty, electronics, and home goods. The marketplace aims to elevate customer experience and support sustainable, diverse brands, with 20% of sellers being from underrepresented enterprises.
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