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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, Inc. (NYSE: M) announced that its subsidiary, Macy’s Retail Holdings, LLC, is initiating an offer to purchase its outstanding Second Lien Notes. The notes include various secured debentures maturing between 2024 and 2034, with a purchase price equal to 100% of the principal amount plus accrued interest. The offer is open until 5:00 p.m. on March 7, 2022, unless extended. This collateral offer will release liens on the collateral securing the notes once the offer is completed. Holders must tender their notes before the expiration date to receive payment.
Macy's, Inc. (NYSE: M) reported strong Q4 and full-year 2021 results, with comparable sales increasing 28.3% and 43% respectively versus 2020. Q4 diluted EPS was $2.44, surpassing expectations. The company generated $2.3 billion in free cash flow and announced a new $2 billion share repurchase program, raising its quarterly dividend by 5%. Macy’s saw an 11% increase in new customers compared to Q4 2019, driven by digital sales growth. For 2022, the company anticipates net sales between $24.46 billion and $24.7 billion, reflecting potential macroeconomic challenges.
Macy’s (NYSE: M) is set to announce its fourth quarter and full-year 2021 sales and earnings results on February 22, 2022, before market opening. A conference call with financial analysts will follow at 8:00 a.m. ET, lasting 90 minutes, accessible via webcast on the company’s website, macysinc.com. Analysts can join by calling 1-800-458-4121, passcode 7189632. A replay will be available two hours after the call. Macy’s operates several retail brands including Bloomingdale’s and Bluemercury.
Macy’s announces the launch of the Style Not Size collection in collaboration with influencers Denise Mercedes and Maria Castellanos. This limited-edition loungewear line promotes body positivity, featuring sizes XS to 3X, with prices ranging from
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
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