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 (NYSE:M) is catering to last-minute holiday shoppers with a range of unique and thoughtful gifts available online, via its mobile app, and in stores across the country. A new gift finder tool assists customers in discovering ideal gifts based on recipient interests. The retailer emphasizes flexible shopping options including contactless curbside pick-up and same-day delivery through DoorDash. Customers can order online until 5 p.m. on December 22 for standard Christmas delivery, ensuring a convenient shopping experience during the festive season.
Macy’s (NYSE: M) is set to launch a curated digital marketplace in partnership with Mirakl, enhancing its strategy as a digitally led omnichannel retailer. This initiative aims to significantly expand product offerings and introduce new categories by allowing selected third-party sellers on macys.com and bloomingdales.com. The marketplace is projected to generate additional revenue on top of the anticipated $10 billion sales target for 2023, set to launch in the second half of 2022.
Macy's, Inc. (NYSE: M) reported strong third-quarter financial results for 2021, with net sales exceeding expectations. Comparable owned sales rose by 37.2% and digital sales increased by 19% year-over-year. Diluted EPS reached $0.76, while adjusted diluted EPS stood at $1.23. The company repurchased $300 million in shares, repaid $1.6 billion in debt early, and added 4.4 million new customers, a 28% rise from 2019. Macy's also announced plans to launch a curated digital marketplace to enhance customer acquisition and sales growth.
Macy’s (NYSE: M) announced a major investment in employee benefits, including a new tuition program covering 100% of tuition, books, and fees, totaling approximately
The Sofia Richie x bar III collection has launched in partnership with Macy's (NYSE:M). This exclusive collection features 36 trendy styles, including knits and faux-leather outerwear, priced between $39.50 and $149.50. Available in sizes XXS to XXL, the collection caters to both casual and chic fashion preferences. Sofia Richie aims to offer versatile pieces perfect for various climates. Macy's anticipates this collaboration will resonate with its fashion consumers by bringing Richie's unique style to a wider audience.
NuOrion Advisors, LLC, a shareholder of Macy's, Inc. (NYSE: M), has sent a letter to the company's Chairman requesting the formation of a Digital Special Committee. The committee would explore proposals for strategic investments in Macys.com, partnerships with EV manufacturers to utilize store facilities, and the acceptance of cryptocurrency payments. This move aims to enhance Macy's digital transformation and adapt to market trends.
Macy’s is set to host the 95th annual Thanksgiving Day Parade in New York City on November 25 at 9:00 A.M.. This year’s celebration will feature 15 giant character balloons, 28 floats, and over 800 clowns, along with performances by various musical stars. The event emphasizes safety, requiring proof of vaccination for attendees. The parade route spans 2.5 miles and will be broadcasted on NBC and Telemundo, ensuring nationwide visibility. This event marks a cherished tradition that unites families to kick off the holiday season.
Macy’s, Inc. (NYSE: M) is set to announce its third quarter 2021 sales and earnings results on November 18, 2021, before market opening. A live webcast for financial analysts and investors will occur at 8:00 a.m. ET, accessible via the company's website at www.macysinc.com. Analysts can join the call at 1-800-458-4121, using passcode 5692619. A replay will be available later on the website or by calling 1-888-203-1112.
Macy’s operates three retail brands: Macy’s, Bloomingdale’s, and Bluemercury.
The Jeannie Mai x I.N.C. collection has been launched by Emmy-award winning TV host Jeannie Mai in collaboration with Macy's private brand, I.N.C. International Concepts. The collection features 19 trendy styles, including loungewear, suiting, and knits, with prices ranging from $69.50 to $199.50. Styles are available in a wide range of sizes, promoting inclusivity. The collection aims to connect with customers through versatile pieces suitable for various occasions and will expand with holiday and spring deliveries.
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