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.
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Arkhouse Management Co. LP, along with its affiliates, has made a proposal to acquire Macy's, Inc. for $21.00 per share in cash, representing a 32.4% premium to the unaffected stock price and a 56.8% premium to the Company’s 30-day volume weighted adjusted stock price as of Nov. 30, 2023. The investor group is urging Macy’s to respond to their proposal and engage in substantive discussions. They have expressed confidence in their ability to raise the necessary funds for the transaction and are highly motivated to consummate the acquisition.
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Macy's Inc. (M) offers a curated list of last-minute holiday gifts, from off-price to luxury, available on macys.com and the Macy's mobile app. The company also offers a wide range of gifts for every budget, from under $15 to luxury gifts, and provides a convenient shopping experience with multiple pickup options and loyalty rewards through its Star Rewards program.
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Macy’s, Inc. (NYSE:M) appoints Tracy Preston as chief legal officer and corporate secretary, effective January 8, 2024. Tracy will report to Tony Spring, president and CEO-elect, Macy’s, Inc. She brings over three decades of experience in legal and compliance, having previously held similar roles at HanesBrands Inc. and Neiman Marcus Group. Tracy's responsibilities will include legal affairs, litigation, compliance, employment, real estate, credit, and regulatory matters, among others. She will also act as a legal advisor to the senior leadership and the board of directors. Tracy's expertise in aligning legal and risk mitigation approaches with business objectives and brand missions makes her a valuable addition to the Macy’s leadership team.
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Macy’s, Inc. (M) announced the appointment of Sharon Otterman as its chief marketing officer. Sharon brings over 25 years of experience in marketing and brand transformation for Fortune 500 companies. She will lead strategic marketing, brand evolution, and customer engagement, overseeing Macy’s iconic experiences like the Thanksgiving Day Parade and July 4th Fireworks.
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Macy’s, Inc. (NYSE: M) reported strong third-quarter results, with better-than-expected performance on both top and bottom lines. The company's gross margin rate increased by 160 basis points year-over-year, while merchandise inventories decreased by 6% year-over-year and 17% compared to 2019. Diluted EPS was $0.15, and Adjusted Diluted EPS was $0.21.
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Macy's: Disney Products Expansion for Holiday Season Celebrating Disney's 100th Anniversary. Macy's has expanded its Disney products across all categories, offering an exclusive assortment of products to celebrate Disney's 100th Anniversary, including toys, jewelry, home, and exclusive products created for Macy's. The Disney collection is now available at Macy's stores nationwide, online at macys.com, and Macy's mobile app.
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Macy's Black Friday deals and Early Access specials for the 2023 Holiday season offer incredible savings across all product categories, with top deals including 60-65% off coats, $19.99 and under for small appliances, 40-50% off boots and shoes, and many more. The press release also emphasizes hassle-free shopping, store hours, and convenient holiday shopping options.
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Bloomingdale's announces holiday programming including The Carousel @ Bloomingdale's: Wonka and window unveiling in partnership with Broadway Cares/Equity Fights AIDS. The Carousel @ Bloomingdale's: Wonka offers unique gifts inspired by the film. The window display at the flagship store will be themed around Wonka. Festive celebrations and performances will accompany the unveiling. Bloomingdale's will also have a Candy Café, Santaland, Breakfast with Santa, and Saturdays @ Bloomingdale's x Holiday Bash. The store offers impressive holiday gifts and fragrance fair events. A virtual store with a Willy Wonka theme and a scavenger hunt will be launched. Bloomingdale's will partner with No Kid Hungry, Child Mind Institute, and Broadway Cares/Equity Fights AIDS to raise funds and awareness for various causes.
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The 97th Macy's Thanksgiving Day Parade will be extended by 30 minutes, featuring performances by Cher, Jon Batiste, Bell Biv DeVoe, Brandy, and more. The parade will include 16 character balloons, 26 floats, 12 marching bands, and nine performance groups. It will be broadcasted on NBC and Peacock.
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Macy’s partners with Big Brothers Big Sisters to support youth empowerment through mentorship. From November 1 to December 24, Macy’s will launch an in-store round-up and online donation campaign to benefit BBBS. In its inaugural year, the partnership raised over $4.8 million. Macy’s customers can shop an exclusive collection of holiday-themed products designed by Littles for $19.99. 50% of the purchase price of select items will go to BBBS. Macy’s and BBBS will also provide a once-in-a-lifetime experience at the Macy’s Thanksgiving Day Parade for adult volunteers and young people. The partnership aims to inspire the next generation of leaders.
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FAQ
What is the current stock price of Macy's (M)?
The current stock price of Macy's (M) is $15.07 as of November 21, 2024.
What is the market cap of Macy's (M)?
The market cap of Macy's (M) is approximately 4.1B.
What is Macy's Inc.?
Macy's Inc. is a leading American retail company founded in 1858, known for its extensive range of products including women's apparel, accessories, shoes, cosmetics, and fragrances.
Where is Macy's Inc. headquartered?
Macy's Inc. is headquartered in New York City, New York, United States.
How many stores does Macy's operate?
Macy's operates 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.
What percentage of Macy's sales come from women's products?
In 2023, 62% of Macy's sales came from women's apparel, accessories, shoes, cosmetics, and fragrances.
Does Macy's operate internationally?
Yes, Macy's operates internationally through licensed Bloomingdale's stores in the United Arab Emirates and Kuwait.
What are some recent achievements of Macy's?
Recent achievements include strategic partnerships and significant growth in their e-commerce platforms, contributing to overall revenue.
How does Macy's keep investors and customers updated?
Macy's provides updates through internal sources and key stakeholders like Arkhouse Management Co. LP to keep investors and customers well-informed about the company's projects and prospects.
What is the significance of Macy's digital platforms?
Macy's digital platforms are crucial for reaching a global customer base and have significantly contributed to the company's revenue.
What kind of products does Macy's offer?
Macy's offers a broad range of products from luxury brands to everyday essentials, including women's apparel, accessories, shoes, cosmetics, and fragrances.
How long has Macy's been in operation?
Macy's has been in operation since its founding in 1858, making it one of the oldest and most established retail companies in the United States.
Macy's Inc.
NYSE:M
M Stock Data
4.11B
275.41M
0.7%
78.29%
5.4%
Department Stores
Retail-department Stores
United States of America
NEW YORK