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.
Kylie Cosmetics is launching at Macy’s on
Macy’s, Inc. (NYSE:M) updates its sustainability goals through the Mission Every One platform, focusing on creating a circular economy. The company has successfully minimized waste by increasing the use of digital samples from 5% in 2019 to 61% in 2022. Packaging waste has also been reduced by optimizing carton sizes and using 35% recycled content in mailers. Partnerships with FABSCRAP and Give Back Box enhance recycling efforts and extend product life. Macy's aims for an 80% recycling rate in stores by 2025, contributing positively to environmental sustainability.
Macy’s, Inc. has appointed Pam Quintiliano as the new head of investor relations, effective September 12, 2022. Quintiliano, with over 20 years of experience in the retail and financial sectors, will lead Macy’s investor relations program, aiming to enhance communication with investors. She will succeed Mike McGuire, who is retiring after a notable career in investor relations. Quintiliano's expertise comes from her previous role at Abercrombie & Fitch, where she served as group vice president of investor relations.
The board of directors of Macy's (NYSE:M) has declared a quarterly dividend of 15.75 cents per share, payable on October 3, 2022, to shareholders of record by September 15, 2022. This announcement reflects the company’s commitment to returning value to its shareholders while maintaining a strong presence in the retail market.
Macy’s, Inc. (NYSE: M) announced that CFO Adrian Mitchell will participate in a fireside chat at the Goldman Sachs 29th Annual Global Retailing Conference. The event is scheduled for 8:05 a.m. EDT on Thursday, September 8, 2022.
A live webcast will be available on Macy’s investor relations website, and a recording will be accessible afterward. Macy’s operates a significant e-commerce platform alongside its physical stores, offering a range of quality brands across various price points.
Macy's, Inc. (NYSE: M) reported its second quarter 2022 financial results, revealing diluted EPS of $0.99, down from $1.08 in Q2 2021. Comparable sales decreased 1.5% (owned) and 1.6% (owned-plus-licensed), while net sales reached $5.6 billion. The company lowered its full-year sales and EPS guidance due to macroeconomic pressures affecting consumer spending. Despite challenges, Bloomingdale's and Bluemercury showed strong performance, highlighting continued consumer interest in luxury goods.
Macy’s, Inc. announced the appointment of Emilie Arel to its board of directors, effective August 15, 2022. Arel, currently CEO of Casper Sleep, brings over 20 years of retail leadership experience, including roles at Target and Gap. Her expertise spans digital transformation and customer experience, aligning with Macy’s growth strategy. The board expansion to 14 members aims to enhance customer engagement through an omnichannel approach. Arel’s background positions her as a valuable asset for shaping Macy’s future.
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