Macys Inc - M STOCK NEWS

Macy’s (NYSE: M) has joined Better Cotton to enhance its sustainability initiatives, aiming for 100% preferred materials in its exclusive brands by 2030. As part of this effort, Macy's customers raised nearly $1.5 million for Trust for Public Land's Community Schoolyards™ projects, which aim to improve community resilience to climate change. Additional partnerships include HERproject™ for women's empowerment and the Give Back Box Clothing Recycling Program to reduce waste. Macy's emphasizes providing ethically produced and environmentally responsible products.

Macy’s (NYSE: M) will report its first quarter 2022 sales and earnings results on May 26, 2022, at 8:00 a.m. EDT. A conference call will follow, accessible to analysts and investors by calling 1-800-458-4121 with passcode 8403658. A replay will be available two hours post-call. The general public can join via a live webcast on www.macysinc.com, where the presentation will also be posted. Macy’s, headquartered in New York City, provides quality brands through various nameplates, including Bloomingdale’s and Bluemercury.

Kohl’s Corporation (KSS) experienced a significant drop in share price, declining over 9% in a single day, which translates to a loss of hundreds of millions in market capitalization. Macellum Advisors, holding nearly 5% of Kohl’s shares, expressed concerns that continued value destruction could affect ongoing sale negotiations and potential offers. They urged shareholders to consider voting for nominees from both management and Macellum at the upcoming Annual Meeting. Notably, the California State Teachers’ Retirement System publicly supported all of Macellum’s nominees.

Macy’s enhances its The Workshop program for underrepresented brands, committing $250,000 annually in business grants. The 2022 program features 25 new entrepreneurs and spans from April 25 to May 27, 2022. Participants benefit from new classes and a digital pop-up shop on macys.com from May 2 to 28. A Vendor Pitch Competition offers a chance to win a $100,000 grant. This initiative aims to foster growth in diverse retail businesses, furthering Macy's social purpose platform, Mission Every One.

Macy’s, Inc. (NYSE: M) is set to open a new 1.4 million-square-foot fulfillment center in China Grove, North Carolina, in 2024, aiming to enhance its omnichannel business capabilities. The facility will employ nearly 2,800 workers and represents a $584 million investment. Once operational, it will account for approximately 30% of Macy’s digital supply chain capacity, featuring advanced automation technology for increased productivity. This initiative is part of a broader strategy to bolster Macy’s digital sales growth and strengthen its position as a leading omnichannel retailer.

Macy's, Inc. (NYSE: M) has appointed Marie Chandoha and Jill Granoff to its board of directors, effective April 1, 2022. Chandoha, with over 35 years in financial services, previously served as CEO of Charles Schwab Investment Management, while Granoff brings 30 years of experience in consumer-driven companies, notably at Eurazeo and Vince. These appointments aim to enhance the board's expertise aligning with the Polaris growth strategy to drive shareholder value and respond to evolving consumer needs.

Macy's has partnered with Colombian artist Maluma to launch an exclusive fashion collection called Royalty by Maluma. This collection is designed for both men and women, featuring versatile styles and sizes ranging from XS to XXL, with prices between $39.50 and $179.00. Emphasizing inclusivity, shoppers can mix and match designs from both collections. Maluma aims to inspire personal expression through fashion, reflecting his Latin heritage, and intends this to be the first of multiple drops in the collection.

Macy’s (NYSE: M) announced that CFO Adrian Mitchell will participate in a fireside chat at J.P. Morgan’s 8th Annual Retail Round-Up on April 7, 2022, at 8:00 a.m. EDT. A live webcast will be accessible on the investor relations section of the Macy’s website, with a recording available post-event. Macy’s is a leading retailer, known for quality brands at great values, including its iconic nameplates like Macy’s, Bloomingdale’s, and Bluemercury, and operates a significant e-commerce business.