Macys Inc Stock Price, News & Analysis

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.

Macy’s (NYSE: M) will announce its second quarter 2022 sales and earnings results on August 23, 2022, at 8:00 a.m. EDT. A live call and webcast for financial analysts and investors will be hosted, accessible via the company’s website. Participants may call 1-800-458-4121 with passcode 7131743 to join. A replay will be available approximately two hours after the event. Macy’s offers a wide range of quality brands and aims to provide a seamless shopping experience across various platforms.

Macy's and Reading Is Fundamental (RIF) raised over $1.5 million in July to enhance literacy for under-resourced children. This funding supports RIF's Race, Equity and Inclusion initiative and the Rally to Read 100 campaign. Over 18 years, Macy's has contributed more than $46 million toward children's literacy, distributing nearly 15 million books. The partnership aims to bridge the literacy gap exacerbated by the pandemic, fostering accessibility to diverse reading materials.

Macy's (NYSE:M) kicks off back-to-school season by offering a curated selection of fashion, beauty, and dorm essentials for students. The campaign highlights the evolving styles of students and promotes confidence in personal style. Key features include staple clothing such as jeans and hoodies, beauty products from renowned brands, and dorm decor that fosters a home-like vibe. Macy's emphasizes convenience with flexible shopping options, including curbside pickup and same-day delivery through DoorDash. Additionally, the company raised over $1.5 million for children's literacy initiatives, continuing its long-standing partnership with Reading is Fundamental.

Bluemercury has appointed Dr. Elyse Love as its first Dermatologist Advisor, enhancing its commitment to personalized beauty shopping. Dr. Love, a board-certified dermatologist from NYC, will provide expert guidance on product offerings and spa services while developing training materials for Bluemercury's staff. Her role aims to strengthen the retailer's position as a trusted beauty resource. Bluemercury, owned by Macy's, Inc. (NYSE: M), operates over 180 specialty stores across the U.S.

Macy’s (NYSE: M) has launched a limited-edition home and décor line, Akwaaba Inns for Hotel Collection, curated by Monique Greenwood, founder of Akwaaba Inns. The collection features a variety of luxurious items such as bedding, pillows, and bath towels, ranging in price from $22.99 to $259.99. Available on macys.com, the mobile app, and select stores, this collaboration aims to offer consumers unique design options. Greenwood expresses excitement over this partnership, highlighting a commitment to customer self-expression through stylish home goods.