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, 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.
Macy’s, Inc. (NYSE: M) will report its first quarter 2021 sales and earnings results before the markets open on May 18, 2021. A financial analysts and investors call will follow at 8:00 a.m. ET, accessible via webcast on the company's website. Participants can join by calling 1-800-458-4121 with passcode 2736880. A replay will be available two hours post-call. Macy’s operates three retail brands: Macy’s, Bloomingdale’s, and Bluemercury, showcasing a strong omnichannel retail presence.
Macy’s, Inc. (NYSE: M) announced that CEO Jeff Gennette and CFO Adrian Mitchell will participate in a virtual fireside chat at J.P. Morgan’s 7th Annual Retail Round-Up on April 14, 2021, at 8:00 a.m. ET. Investors and media can access the live audio webcast at www.macysinc.com/investors. A replay will be available post-event. Macy’s operates multiple retail brands and offers a strong omnichannel shopping experience, including e-commerce and mobile options, catering to diverse customer lifestyles.
Macy’s (NYSE:M) launches its spring campaign, "Wear What You Love Anywhere," celebrating personal style with a variety of apparel, beauty, and home products. This campaign features vibrant colors and trendy styles such as bold florals and minimalism, appealing to shoppers seeking to express themselves. The digital platform, Macy’s Presents The Edit, provides curated looks with expert advice. Additionally, the brand introduces new collections, including CR7 by Cristiano Ronaldo undergarments, and collaborates with black visionaries for the "Icons Of Style" collection. Macy's aims at making fashion accessible and enjoyable for all.
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