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) will release its Q2 2021 sales and earnings results on August 19, 2021, before market opening. A conference call with financial analysts is scheduled for 8:00 a.m. ET that day, accessible via the company’s website: www.macysinc.com. The call-in number for analysts and investors is 1-800-458-4121, passcode 1495500. A replay will be available approximately two hours post-call. Macy’s operates three retail brands: Macy’s, Bloomingdale’s, and Bluemercury, offering omnichannel shopping.
Macy's, Inc. (NYSE: M) has appointed Maly Bernstein as the chief executive officer of Bluemercury, effective September 13, 2021. Bernstein, with extensive experience in beauty and e-commerce, will oversee the brand's growth strategy, reporting to Tony Spring, chairman and CEO of Bloomingdale's. She succeeds co-founder Marla Beck, who expanded Bluemercury from 60 to over 180 stores since 2015. Bernstein aims to enhance community connections through innovative platforms, continuing Bluemercury’s trajectory in the specialty beauty market.
Macy's (NYSE:M) has launched a new private brand called And Now This, featuring contemporary ready-to-wear and men's apparel. The line focuses on affordable, trend-forward essentials suitable for various occasions, available in sizes XS to XXL for women and S to XXL for men. Macy's aims to inspire customers to express their unique styles through versatile and elevated basics. The collection is now accessible online at macys.com and select stores. Launch events are scheduled in New York City, Chicago, and Fort Lauderdale.
Macy's (NYSE:M) is set to host the 45th Annual Macy’s 4th of July Fireworks in New York City on July 4th at 9:25 p.m. The event will feature over 65,000 fireworks launched from five barges on the East River, creating an extravagant display synchronized to a musical score, including performances by notable artists. The show aims to evoke a sense of optimism and patriotism among viewers. Public viewing will be available for fully vaccinated individuals at designated sites, while a national television broadcast of the event will air on NBC from 8-10 p.m. ET.
Macy's, Inc. (NYSE: M) announced that Adrian Mitchell, CFO, will participate in two upcoming fireside chats. The first is at the Evercore ISI Consumer and Retail Summit on June 15, 2021, at 8:00 a.m. ET, followed by the Jefferies Consumer Conference on June 22, 2021, also at 8:00 a.m. ET. Investors and media can access live audio webcasts of both events at www.macysinc.com/investors, with replays available post-event. Macy's operates multiple brands including Macy’s, Bloomingdale’s, and Bluemercury, providing a seamless shopping experience through various channels.
Macy’s, Inc. reported strong first-quarter results for 2021, exceeding sales expectations across its brands. Key drivers included government stimulus and an improved vaccine rollout, along with the execution of its Polaris strategy. The company raised its fiscal 2021 guidance, forecasting net sales between $21.73B - $22.23B and adjusted EPS of $1.71 - $2.12. Highlights include a 62.5% increase in comparable sales over 2020 and a digital sales growth of 34%. Gross margin improved to 38.6%, up from 17.1% in Q1 2020, reflecting enhanced inventory productivity.
Macy’s, Inc. (NYSE: M) announced that CFO Adrian Mitchell will present at Cowen’s 2nd Annual New Retail Ecosystem CEO Summit on May 26, 2021, at 8:15 a.m. ET. Investors and media can listen to the presentation via a live audio webcast available on the company’s investor page. Macy’s operates three retail brands: Macy’s, Bloomingdale’s, and Bluemercury, offering a strong omnichannel shopping experience with a focus on e-commerce and mobile capabilities.
The 2021 Macy's Flower Show, themed Give. Love. Bloom., runs from May 2 to May 16 at Macy's Herald Square, NYC. Featuring immersive floral displays across the store and Herald Square Park, the event showcases millions of live flowers and unique gardens. Highlights include themed installations like The Kaleidoscope of Courage and The Conservatory. Macy's collaborates with local designers and the Fashion Institute of Technology to enhance creativity. The event is free and aims to support local communities through floral donations post-show.
This Mother’s Day, Macy’s (NYSE:M) offers a wide range of gifts for moms, from luxe items to budget-friendly options. The Mother’s Day Gift Guide facilitates finding unique gifts, with prices starting from $25. Throughout May, Macy’s collaborates with March of Dimes, encouraging customers to donate to support healthy mothers and babies. The campaign highlights the diverse roles of mothers and includes a commercial celebrating their love and contributions.
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