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) reported its fourth quarter and fiscal 2020 results, surpassing expectations across brands and marking a return to profitability. Digital sales surged 21% from 2019, contributing to a strong liquidity position with $1.7 billion in cash. However, comparable sales fell 17%, reflecting ongoing pandemic challenges. The company anticipates 2021 as a recovery year, projecting net sales between $19.75B and $20.75B. The Polaris strategy remains pivotal for growth, emphasizing digital and omnichannel expansion.
Macy’s, Inc. (NYSE: M) has appointed Xingchu Liu as senior vice president of enterprise data & analytics, effective February 15, 2021. In this role, Liu will lead the enterprise data & analytics team, focusing on analytics governance, data management, and activation. This initiative aims to enhance decision-making and operational efficiency across the organization. Liu brings valuable experience from The Home Depot and holds a PhD in Industrial Engineering and Operations Research from Texas A&M University. The new position aligns with Macy’s strategy to leverage data for building customer relationships and driving business growth.
Macy’s (NYSE: M) will report its fourth quarter and full-year 2020 results on February 23, 2021, before the market opens. The management will also update its Polaris strategy during the 90-minute call scheduled for 8:00 a.m. ET that day, accessible via the company’s website. Analysts and investors can participate by calling 1-800-458-4121 with the passcode 4263363. A replay will be available two hours post-call. Macy’s, Inc. is a leading omni-channel fashion retailer in the U.S., comprising Macy’s, Bloomingdale’s, and Bluemercury.
Macy’s has appointed Nata Dvir as the new chief merchandising officer of the Macy’s brand, effective February 1, 2021. Dvir, currently the senior vice president and general business manager for Beauty and Center Core merchandise, will oversee all merchandising categories and private brands. She succeeds Patti Ongman, who is retiring. Dvir has a history of leadership within Macy’s, transforming the cosmetics sector and enhancing the customer experience. This strategic leadership change aims to support Macy’s merchandising transformation and boost overall customer engagement.
Macy's (NYSE:M) is ready for last-minute shoppers this holiday season, offering unique gifts across various price points available on their website and in stores. Same-day delivery via DoorDash is available for $5 until December 23, and contactless curbside pickup is offered through December 24. The store has enhanced safety measures, including increased cleaning and social distancing protocols. Macy's features a wide range of products from toys to subscription boxes, ensuring customers find the perfect gift. Visit macys.com for curated lists and gift guides.
Macy’s, Inc. (NYSE:M) appointed Malek Robert Amirshahi as the new senior vice president of corporate communications, effective December 7, 2020. Amirshahi will oversee internal and external communications, as well as initiatives related to company culture and transformation. He previously served at Univision Communications and has over 20 years of experience in media and telecommunications. He succeeds Cheryl Heinonen, who is leaving after the holiday season. Macy’s reported $24.6 billion in sales for fiscal 2019 and is known for its omni-channel retail approach.
Macy's Thanksgiving Day Parade, celebrating nearly 100 years, returns on November 26 as a reimagined television event to bring holiday magic home. The 94th edition will feature traditional elements like giant balloons and celebrity performances from pop to Broadway. This year, safety protocols will eliminate the typical parade route, showcasing the event over several days and emphasizing social distancing. Major artists and cultural performances will lift spirits during this challenging time, ensuring viewers enjoy a spectacular celebration from the comfort of their homes.
Macy’s, Inc. (NYSE: M) reported a challenging third quarter of 2020, with net sales at $3.99 billion, down from $5.17 billion in 2019. The company posted a net loss of $91 million, translating to a diluted loss per share of $(0.29). Despite these figures, digital sales surged by 27% compared to the previous year, accounting for 38% of total sales. Improved gross margins at 35.6% and a strong liquidity position with $1.6 billion in cash were notable highlights. However, comparable sales decreased by 21%, reflecting ongoing recovery efforts amid COVID-19 disruptions.
Macy’s, Inc. (NYSE:M) is set to release its third quarter 2020 sales and earnings on November 19, 2020, before the market opens. A live webcast will occur at 8:00 a.m. ET, accessible via the company's website. Interested parties can dial in at 1-888-394-8218, using passcode 9984154. Following the call, a replay will be available two hours later. Macy's reported fiscal 2019 sales of $24.6 billion and operates under three brands: Macy’s, Bloomingdale’s, and Bluemercury.
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