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Macy’s, Inc. reports company developments tied to its department store, luxury retail and beauty nameplates: Macy’s, Bloomingdale’s and Bluemercury. News commonly covers sales and earnings releases, guidance, comparable-sales metrics, digital and store performance, credit-card revenue, asset-sale activity and updates to the company’s Bold New Chapter strategy.
Company announcements also include brand partnerships, beauty and fashion launches, in-store experiences, seasonal events such as Macy’s Flower Show, Bloomingdale’s carousel shops, investor conference participation and common-stock dividend actions.
Macy’s (NYSE: M) announced plans to expand its Backstage locations across the U.S. this spring, starting April 9 and continuing through June 2022. The retailer will open 37 new store-within-store Backstage locations, providing significant savings on on-trend merchandise. Flagship stores in Chicago and New York City will feature new Backstage locations, with Chicago opening April 9 and New York in May. This expansion aims to meet changing consumer demands and includes hiring new staff across various positions.
Macy’s has launched the 'Own Your Style' hub, celebrating spring fashion with curated looks from its Fashion Office experts. The hub features new collections from notable collaborations, including Royalty by Maluma and Jeannie Mai x INC. The spring trends focus on nostalgia, pastels, and vibrant yellows. Notably, Macy’s is promoting women's empowerment through a charitable campaign supporting Girls Inc. Additionally, the 'Pass the Style' film showcases individuality in fashion, promoting a blend of various styles and confidence for shoppers. The collections cater to diverse sizing and include a digital shopping experience.
Macy’s has launched a new brand platform, Own Your Style, aimed at enhancing customer individuality through fashion. This initiative is part of the company's Polaris strategy and will roll out in March across various customer touchpoints, including macys.com and its stores. The platform will provide curated products and personalized recommendations. Additionally, Macy’s is reintroducing the Style Crew, a team of fashion experts to guide customers in their shopping journeys, aiming to create a more engaging and tailored shopping experience.
Macy’s, Inc. (NYSE: M) has appointed Emily Erusha-Hilleque as senior vice president for private brands. She will oversee the design organization for private brands, including apparel and home design, aligning with Macy’s merchandising and sourcing teams. Nata Dvir, chief merchandising officer, highlighted Erusha-Hilleque’s experience in driving successful product designs and her role in enhancing the company’s private brand strategy. Previously at Target, she led the launch of the WILD FABLE private label. Erusha-Hilleque expressed enthusiasm for driving Macy’s private brands transformation.
Nicole Williams English, a celebrity designer, has launched a new collection in collaboration with bar III at Macy's. This collection, designed by Reunited Clothing, features 19 trend-forward spring styles, priced between $49.50 and $99.50, available in sizes XXS to XXL. Key pieces include oversized blazers and dresses, all crafted to blend seamlessly into everyday wardrobes. Macy's aims to enhance customer access to Williams' unique style and vision through this collaboration.
Macy’s, Inc. (NYSE: M) announced the results of its offer to purchase Second Lien Notes through its subsidiary, Macy's Retail Holdings, LLC. The offer is a Collateral Offer under the governing indenture, with the expiration date set for March 7, 2022. Key details include:
- 6.65% Senior Secured Debentures due 2024: $1,687,000 accepted
- 6.7% Senior Secured Debentures due 2028: $986,000 accepted
- Settlement date is March 8, 2022
The annual Macy’s Flower Show returns to Herald Square in New York City from March 27 to April 10, 2022. This year, the floral extravaganza will feature modern designs emphasizing impact and energy, with stunning floral landscapes both inside and outside the store. Highlighting popular fragrances such as Good Girl and Miss Dior, the event aims to create a multi-sensory experience. Additionally, the show integrates a Designer Spotlight Series featuring local floral designers, further enhancing its appeal.
Macy’s, Inc. (NYSE: M) announced its subsidiary priced an offering of $850 million in senior notes, split into two tranches: $425 million in 5.875% notes due 2030 and $425 million in 6.125% notes due 2032. The offering is scheduled to close on March 10, 2022. Proceeds will be used to redeem existing senior notes and cover associated fees and expenses. The notes will be unconditionally guaranteed by Macy’s and offered privately to qualified institutional buyers.
Macy’s, Inc. (NYSE: M) announced plans to offer $850 million in senior notes through its subsidiary, Macy’s Retail Holdings, LLC. The offering consists of two tranches of $425 million each, due in 2030 and 2032. Proceeds will be utilized to redeem existing senior notes and cover related expenses. The offering is made under Rule 144A and Regulation S, exempting it from standard registration. The company emphasizes that the offering is subject to market conditions and does not constitute a redemption notice.
Macy’s announces its new social purpose platform, Mission Every One, committing to invest $5 billion by 2025 to foster equity and sustainability. This initiative seeks to enhance corporate citizenship through a focus on three impact pillars: people, communities, and planet. Key actions include increasing diversity in leadership to 30% by 2025, raising minimum pay rates to $15 per hour, and supporting youth initiatives with over $100 million. The plan also includes a sustainable products expansion, aiming for 100% preferred materials by 2030.