Macy's is a leading retail company that operates a chain of department stores across the United States, offering a wide variety of products including clothing, accessories, home goods, and beauty products
The company is known for its extensive selection of both national and private label brands, catering to diverse customer preferences. Macy's emphasizes customer experience through in-store shopping, online retail services, and various promotional events. With a legacy of innovation in retailing, it also engages in various community and cultural initiatives, further enhancing its brand presence and commitment to social responsibility.
The earnings focus continues to be on the retail space, with several bellwether operators on deck to report results this week, including Target, Best Buy, Costco, Macy’s, and others.
The board of directors of Macy's, Inc. (NYSEM) today declared a regular quarterly dividend of 18.24 cents per share on Macy's, Inc.’s common stock, an increase of 5%, payable on April 1, 2025, to shareholders of record at the close of business on March 14, 2025.
Macy’s signs a new rights deal with NBCUniversal, for Macy’s Thanksgiving Day Parade® and Macy’s 4th of July Fireworks® on NBC, Peacock and Telemundo, marking a significant expansion to unlock content opportunities and continue the exponential growth that Macy’s has seen in recent years. The 10-year agreement will expand beyond these two iconic holiday celebrations, including broadcast and streaming rights to both celebrations, a Macy’s Parade-eve special, as well as a new special program, to be announced at a later date.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the department store industry, including Dillard's (NYSEDDS) and its peers.
Macy’s, Inc. (NYSEM) will report its fourth quarter and fiscal year 2024 sales and earnings results on Thursday, March 6. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. ET. The call will be hosted by Macy’s, Inc.’s Chairman and Chief Executive Officer Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell.
Over the past six months, Macy’s stock price fell to $15.15. Shareholders have lost 5.8% of their capital, which is disappointing considering the S&P 500 has climbed by 12.2%. This may have investors wondering how to approach the situation.
Moving past the holiday shopping season, several retailers will be able to gain or keep their momentum going with Valentine's Day. Here are three retail stocks that could benefit from Valentine’s Day shopping.
Macy’s celebrates the 25th anniversary of its iconic Hotel Collection, a lifestyle brand focused on bedding and bath, designed to bring the luxury and comfort of a boutique hotel experience to customers’ homes. The Hotel Collection’s rich history of impeccable craftmanship and sophisticated style has been core to the brand since its inception. To commemorate the anniversary, Macy’s has launched a limited-edition capsule featuring a ‘Made in Italy’ bedding collection as well as a Turkish cotton bath collection now available on Macy’s mobile app, macys.com and in stores nationwide.
Macy’s Inc. (NYSEM) today announced that Barbie Cameron has been appointed Chief Stores Officer of Macy’s, effective February 16. Barbie most recently served as the senior vice president and regional director of stores, East Region and had been the interim Chief Stores Officer since August. She reports to Adrian Mitchell, Chief Operating Officer and Chief Financial Officer, Macy’s, Inc.
Shares of department store chain Macy’s (NYSEM)
fell 7.3% in the afternoon session after the company disclosed disappointing preliminary fourth-quarter results, projecting sales to fall just below the lower end of its earlier forecast of $7.8 billion to $8.0 billion. Notably, same-store sales are expected to remain flat compared to the previous year. In addition, earnings are expected to remain within the previous range of $1.40 to $1.65. Overall, the results were underwhelming, given the some high expectations for holiday season spending. However, Macy's wasn't the only one to report weak holiday demand, as Five Below and Abercrombie & Fitch also didn't see the success that the market expected.
Macy's updates its fiscal Q4 guidance, revealing strong growth in its First 50 stores and luxury segments, while non-First 50 locations underperformed. The company sees net sales near the lower end of $7.8 billion to $8.0 billion.
Macy's revealed plans to close 66 stores as part of its "Bold New Chapter" strategy. The company aims to eliminate underperforming locations and focus on its successful stores.
Macy's Inc. (NYSEM) today confirmed the closure of 66 Macy’s non-go-forward store locations. These closures are a part of the Bold New Chapter strategy, which was announced in February 2024. This plan is designed to return the company to sustainable, profitable sales growth which includes closing approximately 150 underproductive stores over a three-year period while investing in its 350 go-forward Macy’s locations through fiscal 2026. The list of 66 closing Macy’s locations can be found here.
Macy’s, Inc. (NYSEM) Tony Spring, chairman and chief executive officer, Adrian Mitchell, chief operating officer and chief financial officer, and Nata Dvir, Macy’s chief merchandising officer, will be participating in the 2025 ICR Conference in Orlando, FL. The company is scheduled to participate in a fireside chat at 8 a.m. ET on Tuesday, January 14, 2025.
