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Macy's Inc. - M STOCK NEWS

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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Big Brothers Big Sisters (BBBS) announces fundraising results from Macy's 2023 holiday campaign and grant awards, raising $4.3 million from Macy's customers and receiving $400k in grants. The multi-year partnership aims to expand the reach of BBBS' mentoring model, connecting more young people with transformative mentors and experiences. Macy's, Inc. launched its social purpose platform, Mission Every One, to drive positive societal change, directing over $125 million to nonprofit organizations aligned with the mission by 2025.
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Macy’s, Inc. received an unsolicited proposal from Arkhouse and Brigade to acquire all outstanding shares for $21.00 per share in cash, but the Board has determined that the proposal is not compelling enough. The Board remains open to opportunities to create shareholder value and will continue to act in the best interest of all shareholders.
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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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FAQ

What is the current stock price of Macy's (M)?

The current stock price of Macy's (M) is $15.03 as of January 23, 2025.

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 Rankings

M Stock Data

4.06B
275.67M
0.7%
78.21%
5.73%
Department Stores
Retail-department Stores
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United States of America
NEW YORK