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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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.

Macy's has demonstrated that the company is a long-term survivor. Macy's achieved its best earnings in 5 years for 2021.

Macy's Is A Demonstrated Survivor

SYNNEX

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal second quarter ended May 31, 2022.   Q2 FY22 Q1 FY22(2) Q2 FY21 Net Change from Q1 FY22 Net Change from Q2 FY21 Revenue ($M) $ 15,270   $ 15,470   $ 5,857   (1.3)% 160.7% Operating income ($M) $ 252.7   $ 222.4   $ 147.9   13.6% 70.9% Non-GAAP operating income ($M)(1) $ 398.3   $ 431.9   $ 170.0   (7.8)% 134.4% Operating margin   1.66 %   1.44 %   2.53 % 22 bps (87) bps No

TD SYNNEX Reports Fiscal 2022 Second Quarter Results

Macy's (M) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Strength Seen in Macy's (M): Can Its 9.9% Jump Turn into More Strength?

Burlington Stores

Dillard's

Nordstrom

Kohl's

Department stores, like Nordstrom Inc. JWN, -0.61% , Macy's Inc. M, +0.81% , Kohl's Corp. KSS, +5.30% and Dillard's Inc. DDS, +1.86% are at risk from what analysts call an "unprecedented" amount of merchandise. "First, retailers significantly overestimated consumer demand when it made inventory decisions for 2022," UBS analysts led by Jay Sole said.

Department stores are at risk from an 'unprecedented' level of excess inventory, analysts say

Macy's, Inc. (NYSE:M ) Jefferies Annual Consumer Conference June 20, 2022 8:00 AM ET Company Participants Nata Dvir - Chief Merchandising Officer Conference Call Participants Stephanie Wissink - Jefferies Stephanie Wissink Hello, everyone. I'm Steph Wissink, Senior Research Analyst and Managing Director on the Consumer team at Jefferies.

Macy's, Inc. (M) Jefferies Annual Consumer Conference (Transcript)

Up until 2020, Macy's consistently reported higher margins than Dillard's. Both department store chains' margins have soared relative to 2019, but Dillard's has dramatically leapfrogged Macy's in terms of profitability.

Pair Trade: Buy Macy's, Sell Dillard's

LONDON--(BUSINESS WIRE)--Apple sits on top of the Kantar BrandZ Most Valuable Global Brands 2022 ranking and is on track to become the first trillion-dollar brand. With a brand value of $947.1bn, Apple stands out for its high degree of differentiation and continued diversification across its hardware, software and services portfolio. Google moves up to second place and is one of the fastest risers in the ranking, increasing its brand value by 79% to $819.6bn. Google's suite of work and producti

Kantar BrandZ: Apple Regains World's Most Valuable Brand Status

Zedge

Revenue growth of 19%; Net Income of $0.8 million; Adjusted EBITDA1 of $2.9 million Closed transformational GuruShots acquisition in mid-April NEW YORK, NY / ACCESSWIRE / June 13, 2022 / Zedge, Inc. (NYSE AMERICAN:ZDGE), a leader in building marketplaces and games around digital content that enable self-expression, today announced results for its third-quarter fiscal year 2022 ended April 30, 2022. "The highlight of our third quarter was the transformational acquisition of GuruShots, ‘The World's Greatest Photography Game,' which closed on April 12," said Jonathan Reich, chief executive officer.

Zedge Announces Third-Quarter Fiscal 2022 Results

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. to Participate in a Fireside Chat at the Jefferies Consumer Conference

Macy's, Inc. to Participate in a Fireside Chat at the Jefferies Consumer Conference

Retail department store chain Macy's (NYSE: M) stock has been weathering the bear market in retail stocks after posting stellar fiscal Q1 2022 earnings and raising guidance.

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In line with the old adage "Sell in May and Go Away", May 2022 was not free from shockwaves thanks to high inflation and rising rate worries due to a hawkish Fed.

Macy's Stock Soared 29% Last Week: Here's Why It Could Keep Flying Higher

The inflationary pressures have forced customers to cut back their spending.

TJX, Dillard's, Nordstrom, And Macy's Get Boost From New Fashion Demands

Macy's earnings are soaring, and management expects the trend to persist for the year.

Macy's Momentum Points To a Banner Year - Here's Why

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Department stores are performing better than specialty retailers thanks to the return of special occasions and some in-person office work. While those categories suffered during the pandemic, consumers are flocking to them once again.

Consumers Are Favoring Department Stores. It's Time to Dress Up.

The legacy retailer posted solid Q1 results.

Why Macy's Popped 27.3% This Week

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As Americans splurge on nicer clothes and makeup to go out again, retailers like Macy's and Ulta are benefiting.

Colorful suits and bold makeup: As people splurge on dressing up again, retailers like Macy's and Ulta are benefiting

Though it has yet to fully earn the confidence of investors, the retailer is moving in the right direction.

Macy's Stock Is Soaring, But It's Still On Sale

Macy's (M) first-quarter performance reflects the effective implementation of the Polaris Strategy and accelerated rate of customer acquisition. Management lifts fiscal 2022 adjusted earnings per share view.

Macy's (M) Q1 Earnings Beat, Comps Sales Rise, View Up

Walmart, Target, and Kohl's may have missed on their latest earnings, but some department stores are thriving — they have upscale shoppers to thank.

Department stores like Macy's and Nordstrom are bucking gloomy retail trends, and it shows inflation hasn't slowed spending for a large swath of Americans

News for Macy's Stock (M)