Macy's

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in New York, NY.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Macy's reports 15% revenue growth, cautious about consumer trends

Macy's is navigating through uncertain periods, maintaining a focus on customer service and business improvement. The company used a scientific approach to guide their second quarter and full-year projections, considering one-year CAGR, two-year CAGR, and 2019 data.

Macy's reports Q2 sales decline, focuses on strategic growth initiatives

Macy's Q2 performance saw declines in net sales but emphasized strategic initiatives for revenue growth and agility in inventory management. Challenges in achieving profitability were acknowledged, but opportunities in cost savings and small-format stores were highlighted.

Macy's reports Q3 decline, highlights strengths and growth opportunities

Macy's Q3 2023 earnings call revealed a decline in net sales, with notable strengths in specific categories and a focus on growth opportunities through strategic initiatives. The company also addressed challenges and provided insights into its future outlook and leadership transition.

Macy's reports solid Q4 earnings, focuses on growth strategies

Macy's navigated challenges in Q3 and Q4, learning from gifting success and focusing on long-term growth drivers.
Strategic investments in private brands, off-mall stores, and marketplace expansion position Macy's for future success.
Despite macro pressures and consumer dynamics, Macy's remains committed to sustainable growth through margin expansion.
Digital capabilities and personalized pricing initiatives are key focus areas for Macy's to drive growth and enhance customer experience.

Macy's Q1 2024: Sales Challenges Amid Resilience and Growth Focus

Macy's Q1 2024 faced challenges from macro headwinds and consumer behavior shifts, impacting sales but showing resilience in certain categories.
Efforts to manage inventory, improve margins, and focus on growth vectors like private brands and omnichannel experiences are key strengths.
Opportunities in promotions, merchandise margins, and attracting younger customers through digital strategies are on the horizon.
Despite challenges, Macy's remains cautiously optimistic, prepared for market uncertainties, and focused on strategic growth initiatives.

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Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland H. Macy in 1858 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today confirmed that it has received a revised, unsolicited, non-binding proposal from Arkhouse Management Co. LP (“Arkhouse”) and Brigade Capital Management, LP (“Brigade”) to acquire all of the outstanding shares of the Company for $24.00 per share in cash. The Macy's, Inc. Board will carefully review and evaluate the latest proposal consistent with the Board's fiduciary duties and in consultation with its financial and legal advisors. The Mac.

Macy's, Inc. Confirms Receipt of Revised, Unsolicited, Non-Binding Proposal from Arkhouse and Brigade

NEW YORK--(BUSINESS WIRE)--Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), today announced it has submitted an increased all-cash proposal to acquire Macy's (“Macy's”, or the “Company”) (NYSE: M) for $24.00 per share along with its partner, Brigade Capital Management (“Brigade”). Arkhouse and Brigade have also disclosed additional information about their financing, including identifying Fortress Investment Group LLC (“Fortress”) and One Investment Management.

Arkhouse and Brigade Capital Increase Offer to Acquire Macy's to $24.00 Per Share

An investor group seeking to buy Macy's is raising its offer by nearly $1 billion after the department store chain rebuffed its prior proposal as too low, the Wall Street Journal reported on Sunday.

Investors raise Macy's buyout bid - WSJ

Arkhouse and Brigade are now offering $24 a share, up from $21.

Investors Raise Macy's Buyout Bid

Tony Spring aims to turn around the flagging retail chain. He understands ‘retailing is theater.

Macy's Stores Aren't Fun Places to Shop. Its New CEO Wants to Fix That

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Tough times require tough cost-cutting decisions, including job layoffs. However, to get a company back on the right track, reach profitability, and increase margins, they're often required.

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Macy's (M) Q4 results show resilience with strategic adjustments despite a sales decline. The company is well-positioned for growth and long-term profitability.

Macy's (M) Q4 Earnings Beat Estimates, Comp Sales Decline Y/Y

Macy's could potentially shutter the Macy's department store it operates in San Francisco's Union Square area, according to local media reports.

Macy's flagship store in San Francisco's Union Square faces chopping block: reports

Macy's is evaluating closing its San Francisco Union Square flagship, weighing the real estate value of the property against the potential for future sales growth at the store, a person familiar with the matter told Reuters.

Macy's mulls closing San Francisco flagship amid plans to shutter 150 stores

Iconic department-store chain Macy's today announced that it is preparing to close 150 stores after a disappointing holiday quarter that saw sales fall almost 2%. The announcement of the store closures is part of a turnaround plan that the company says is “a bold new chapter” in its history.

Macy's will add 150 locations to its list of closing stores as sales decline

Macy's released its full-year sales results which showed revenue down 5.5% in 2023 compared to 2022. More concerning for the department store is that comparable store sales were down 6.9%, which is a performance comparison to the same stores open last year and this past year (comparable stores would not include new stores opened or closed within the year).

Macy's Bold New Chapter Includes Closing 150 Stores

Macy's (M) shares rose nearly 5% in intraday trading Tuesday after it announced 150 store closures in yet another turnaround plan, as the U.S. department store chain tries to shore up its finances and keep an activist investor at bay.

Macy's Plans 150 Store Closures in New Strategy, as Chain Faces Proxy Fight

Start Time: 08:00 January 1, 0000 9:16 AM ET Macy's, Inc. (NYSE:M) Q4 2023 Earnings Conference Call February 27, 2024, 08:00 AM ET

Macy's, Inc. (M) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Macy's (M) give a sense of how the business performed in the quarter ended January 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Macy's (M) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Lowe's

Pre-market futures are tepid for a second-straight trading day — even going back to last week, after last Thursday's big upswing in market activity began leveling off slightly. We continue that leveling off as of this hour today, with the Dow -25 points, the S&P 500 +1 points and the Nasdaq +22.

Durable Goods Orders Decreased More Than Expected

We have some grist for the trading mill ahead of the opening bell, but it's not likely to cause any meaningful tremors from this vantage point.

Macy's, Lowe's Beat in Q4; Durable Goods Lower

There was a lot of excitement when Tony Spring, the new CEO of Macy's, discussed the past but also unveiled his vision for the future. Macy's. 4th quarter diluted earnings per share were down $(0.26) compared to last year $1.83 and adjusted EPS was $2.25 compared to last year's $1.88 per share.

Macy's Reports 4th Quarter 2023 And A New Vision For Future

Macy's said it will shut down 150 stores — about 30% of its US namesake chain — as the department-store giant tightens its focus on luxury under a new chief executive.

Macy's to close 150 stores — 30% of its namesake chain — as new CEO takes helm

Department store will close dozens of outlets this year and the rest over a three-year period after issuing muted trading outlook

Macy's to shutter 150 stores amid focus on luxury

Macy's plans to close roughly 150 locations through the end of 2026, starting with 50 this year. The retailer says the moves will help it strengthen its brand and return to sales growth.

Macy's to close around 150 locations over the next three years

Macy's plans to close its namesake stores and open new Bloomingdale's and Bluemercury locations reflect what's working at the retailer.

Macy's will close about 150 department stores, but open new locations of better performing chains

Macy's on Tuesday announced plans to shutter 150 stores and expand its Bloomingdale's and Bluemercury chains, part of the retailer's plans to revitalize its fortunes and usher in “a bold new chapter” as it fends off a looming takeover bid.

Macy's Is Closing 150 Stores Over The Next 3 Years

Macy's Inc is trading down in premarket on Tuesday even though it reported better-than-expected earnings for its fourth quarter.  This is a developing story.

Macy's Q4 earnings: future outlook disappoints

Macy's forecast annual sales largely below market expectations on Tuesday on weak demand for its apparel and shoes, and said it would close 150 stores through 2026 as part of its new turnaround plan.

News for Macy's Stock (M)