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 (M) launches its Holiday 2024 campaign featuring actress Alison Brie as the 'Macy's Gift Guide'. The campaign transforms the traditional gift guide into a dynamic character, with Brie portraying an expert gift curator alongside Matt Bush as her mentee. The campaign will be showcased across TV, digital, and social channels, featuring spots filmed by director Stacy Wall in a stylized 'gift world'. As part of the celebration, Brie will make a special appearance at the 98th Macy's Thanksgiving Day Parade, where she will cut the ribbon to kick off the event on November 28.
Macy's (NYSE: M) has announced its board of directors has declared a quarterly dividend of 17.37 cents per share on the company's common stock. The dividend will be paid on January 2, 2025, to shareholders who are on record as of the close of business on December 13, 2024.
Macy's and Disney have announced a holiday collaboration featuring a -edition Disney assortment and the debut of the Minnie Mouse character balloon at the Macy's Thanksgiving Day Parade®. This partnership celebrates their 90-year relationship, which began with Mickey's first Parade appearance in 1934.
The collection includes fashion-forward apparel, accessories, and collectibles for kids and adults, featuring exclusive Disney artwork by Jeff Shelly. Available on macys.com, Macy's mobile app, and select stores nationwide, the assortment offers over 100 products, including cozy sweats, festive family pajamas, and fashion accessories.
Dedicated Mickey and Minnie Shops will be set up in 200 Macy's stores, including the Herald Square flagship, which will host a special concession stand and interactive AR experience. The collaboration also includes partnerships with brands like BaubleBar, Kate Spade, and Funko for exclusive items.
Bloomingdale's is set to open its fourth Bloomie's store on November 14, 2024 at The Grove Shopping Center in Shrewsbury, New Jersey. This location will be the first Bloomie's to feature an all-women's assortment, including contemporary ready-to-wear, accessories, beauty, and fine jewelry. The store will complement Bloomingdale's existing presence in New Jersey, which includes four full-line shops and three outlet locations.
The Shrewsbury Bloomie's aims to make shopping for sought-after designers more convenient for Central Jersey customers. The store will offer brands such as Mother, Veronica Beard, Rag & Bone, Cinq a Sept, L'Agence, Staud, Tory Burch, Chanel Beauty, Charlotte Tilbury, and Roberto Coin. To celebrate the grand opening, Bloomie's will host events including a winter wonderland and a holiday bash featuring activations, giveaways, and customization opportunities.
Macy's is gearing up for the holiday season with a range of exclusive products, iconic events, and unique shopping experiences. The retailer will introduce 40% new product assortment across categories, featuring a curated list of Top 100 Holiday Gifts. Key highlights include:
- The first-ever Holiday Square by Urbanspace at Macy's Herald Square store in New York, running from November 1st, 2024, to January 3rd, 2025
- The 98th Macy's Thanksgiving Day Parade on November 28th
- Macy's Santaland opening in select stores from November 2nd
- Iconic Holiday Windows displays nationwide
- Partnership with Big Brothers Big Sisters for mentorship and fundraising initiatives
Macy's also offers convenient shopping options like curbside pickup and same-day delivery through DoorDash for select items.
Bloomingdale's launches its annual Pink Campaign for Breast Cancer Awareness Month, featuring a new AQUA x Kerri Rosenthal collection. The campaign benefits the Breast Cancer Research Foundation (BCRF) and The Tutu Project, with Bloomingdale's having raised over $18 million in 19 years. The 50-piece collection includes women's and girl's ready-to-wear, sleep, home, and accessories.
Bloomingdale's will donate $25,000 to BCRF and host events throughout October, including fashion shows and panels. The Give Pink, Get More initiative allows cardholders to earn rewards while supporting breast cancer research. The campaign also features PINK Yoga & Pilates classes at select locations to support BCRF and The Tutu Project.
Macy's and Toys"R"Us® have unveiled Geoffrey's Hot Toy List for the 2024 holiday season, featuring 150 of the most coveted toys from popular brands like Barbie®, Pokémon, LEGO®, and more. The list includes exclusive items such as the Geoffrey with a Christmas Tree FUNKO and toys from Toys"R"Us' own brands. Macy's is expanding its exclusive offerings with the Geoffrey's Toy Box Pre-School line and Journey Girls dolls.
To enhance the shopping experience, Macy's will introduce Toy Champions at over 330 Toys"R"Us locations. The Hot Toy List will come to life with in-store experiences starting September 28th, allowing customers to play with and discover new toys. Geoffrey's birthday celebrations will be held in October with events and giveaways at select stores nationwide.
Macy's, Inc. (NYSE: M) has announced plans to hire over 31,500 seasonal positions for the upcoming holiday season across its Macy's, Bloomingdale's, and Bluemercury stores and distribution centers. The company is offering an efficient online application process and will hold four nationwide in-person holiday hiring events. Key hiring dates are September 26, October 24, November 21, and December 4.
Seasonal positions are available nationwide, with greater opportunities in specific markets for each brand. Macy's, Inc. emphasizes its culture of trusting relationships, colleague development, and comprehensive total rewards package. Benefits include employee discounts, earned wage access, an Employee Assistance Program, and the North Star Relief Fund for colleagues facing hardships.
Macy's, Inc. (NYSE:M) announced the early tender results of its cash tender offer for up to $220 million of various senior notes and debentures. The offer, conducted by its subsidiary Macy's Retail Holdings, , received significant participation across multiple series of notes. Key points include:
- The 6.79% Senior Debentures due 2027, 7.00% Senior Debentures due 2028, 6.70% Senior Exchanged Debentures due 2028, 6.70% Senior Debentures due 2028, and 6.90% Senior Debentures due 2029 were fully accepted.
- $173,646,000 of the 5.875% Senior Notes due 2029 were accepted with a 59.5% proration factor.
- No notes tendered after the Early Tender Date will be accepted due to oversubscription.
The early settlement date is set for September 19, 2024. Macy's will use cash on hand to fund the purchase and related expenses.
Macy's has launched Mode of One, a new contemporary menswear brand designed to celebrate individuality and style expression. The collection, now available on Macys.com, the Macy's mobile app, and in stores nationwide, features high-quality essentials and statement-making designs with a focus on fit and proportions.
The brand is part of Macy's ongoing private brands reimagination, developed over two years with extensive research on men's trends and style preferences. Mode of One offers multiple fits and silhouettes, catering to various occasions and bold style preferences. The inaugural collection features over 140 SKUs, priced from $24.50 to $159.50, with sizes ranging from S-XXL and 30-40.
New York Knicks stars Jalen Brunson and Josh Hart lead as brand ambassadors, alongside other influencers in a social-first campaign. New monthly drops will be available starting in October and throughout the holiday season.
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