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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.
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.
Macy’s has announced an exclusive Black Friday Sneak Peek, showcasing this year's major deals starting
The board of directors of Macy's (NYSE:M) has declared a regular quarterly dividend of 15 cents per share. This dividend is payable on January 3, 2022, to shareholders recorded by the close of business on December 15, 2021.
Macy's operates as a leading omnichannel retailer with a presence in e-commerce and physical stores, providing customers with a flexible shopping experience.
This holiday season, Macy's (NYSE:M) introduces a comprehensive gift-finding tool to streamline holiday shopping. The tool offers suggestions based on recipients' interests, including gifts at various price points, starting under $15. Notably, Macy's is also promoting its annual Believe campaign, donating $2 from every $4 bracelet sold to Make-A-Wish. Additionally, customers can pre-order fresh Christmas trees with free shipping starting November 16. Flexible shipping and payment options, including same-day delivery via DoorDash, enhance the shopping experience.
Macy’s (NYSE: M) announces the return of Santa Claus for in-person visits at Santaland® in Chicago, New York, and San Francisco, starting November 6 and November 26, respectively. Reservations are required to ensure safety. Additionally, an immersive digital experience, Macy’s Santaland at Home, will be available from November 26 through December 24. The holiday season will also feature animated windows, Great Tree displays, and the Dickens Village. All events are free, promoting holiday spirit while following health guidelines.
Macy’s (NYSE:M) is enhancing the holiday shopping experience with a newly redesigned mobile app, curated gift selections, and flexible shipping options. The app, launching on October 15, features improved navigation, personalized recommendations, and contactless payment options, including PayPal and Venmo. The "Buy a Coat and We'll Donate One" campaign aims to donate up to 20,000 coats to those in need over the weekend of October 9-10. With sustainability-focused shopping experiences and interactive live shopping events, Macy’s is committed to providing exceptional service and innovation this holiday season.
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