Macy's, Inc., an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods. As of January 30, 2021, the company operated 727 store locations in 43 states, the District of Columbia, Puerto Rico, and Guam. It also operates in Dubai, the United Arab Emirates and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in 2007. Macy's, Inc. was founded in 1830 and is headquartered in New York, New York.
IPO Year:
Exchange: NYSE
Website: macysinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/7/2025 | $17.00 → $15.00 | Market Perform | Telsey Advisory Group |
| 3/6/2025 | $19.00 → $14.00 | Overweight → Neutral | Analyst |
| 3/6/2025 | Accumulate → Hold | Gordon Haskett | |
| 2/13/2025 | Buy → Accumulate | Gordon Haskett | |
| 12/16/2024 | $20.00 | Hold → Buy | Gordon Haskett |
| 8/22/2024 | $21.00 → $17.00 | Market Perform | Telsey Advisory Group |
| 2/29/2024 | $23.00 → $20.00 | Outperform → Market Perform | TD Cowen |
| 2/28/2024 | $15.00 → $21.00 | Market Perform | Telsey Advisory Group |
| 2/2/2024 | $14.00 → $18.00 | Sell → Neutral | Citigroup |
| 12/12/2023 | $14.00 | Neutral → Sell | Citigroup |
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Macy's, Inc. (NYSE:M) today reported financial results for the fourth quarter and fiscal year 2024 and provided fiscal year 2025 guidance. Highlights Achieved fourth quarter GAAP diluted earnings per share of $1.21; Adjusted diluted earnings per share of $1.80 exceeded the company's prior guidance range. Macy's, Inc. reported fourth quarter comparable sales down 1.1% on an owned basis; achieved its best owned-plus-licensed-plus-marketplace comparable sales since the first quarter of 2022, up 0.2%. Macy's First 50 locations delivered fourth consecutive quarter of comparable sales growth, up 0.8% on an owned basis and up 1.2% on an owned-plus-licensed basis. Bloomingdale's reported o
The board of directors of Macy's, Inc. (NYSE:M) 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. About Macy's, Inc. Macy's, Inc. (NYSE:M) is a trusted source for quality brands through our iconic nameplates – Macy's, Bloomingdale's and Bluemercury. Headquartered in New York City, our comprehensive digital and nationwide footprint empowers us to deliver a seamless shopping experience for our customers. For more information, visit macysinc.com. View source version on businesswire.com: https://www.businesswire.com/news/home/
Macy's, Inc. (NYSE:M) 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. The general public and the media will be able to access the live webcast and associated presentation via the company's website at www.macysinc.com. To participate in the call, analysts and investors may call 1-877-407-0832. A replay of the conference call will be available on the company's website or by calling 1
Macy's, Inc. (NYSE:M) today reported financial results for the third quarter of 2024 that are consistent with its previously announced preliminary results, and also updated its annual guidance. These financial results and outlook reflect revisions to properly reflect previously misstated delivery expense, the related accrual and tax effects. Third Quarter Highlights The company confirms no material impact or restatements to previously filed financial statements following completion of delivery expense related investigation. GAAP diluted earnings per share of $0.10; Adjusted diluted earnings per share of $0.04 exceeded the company's prior guidance. Macy's First 50 locations delive
Macy's, Inc. (NYSE:M) will report its third quarter 2024 sales and earnings results on Wednesday, December 11, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. EST. 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. The general public and the media will be able to access the live webcast and associated presentation via the company's website at www.macysinc.com. To participate in the call, analysts and investors may call 1-877-407-0832. A replay of the conference call will be available on the company's website or by calling 1-87
Macy's, Inc. (NYSE:M) today issued the below statement following the press release and presentation issued by Barington Capital Group, L.P. ("Barington") and Thor Equities LLC ("Thor"): The Macy's, Inc. Board of Directors and management team are committed to delivering sustainable, profitable growth and driving shareholder value. We have consistently demonstrated open-mindedness, including with respect to regularly reviewing the Company's strategy and capital allocation framework and exploring all paths to enhance value. We remain confident in our Bold New Chapter strategy, which continues to gain traction across all three of its pillars, and we expect to share further details regarding
Believes Macy's Shares are Undervalued and Do Not Reflect the Upside Potential in its Strategic Plan or the Attractiveness of its Luxury Operations and Owned Real Estate Assets Believes Macy's Needs to Form a Separate Real Estate Subsidiary to Optimize the Value Potential of its Real Estate Portfolio Believes Macy's Needs to Significantly Reduce Capital Expenditures; After a Decade of Massive Spending Has Failed to Deliver Value Creation for Stockholders Believes Macy's Needs to Aggressively Repurchase its Shares, as its Stock Now Represents its Best Investment Publishes Detailed Presentation on https://barington.com/macys Barington Capital Group, L.P. and Thor Equities LLC and th
Macy's First 50 locations achieve third consecutive quarter of positive comparable sales Company delays third quarter 2024 earnings release and conference call Macy's, Inc. (NYSE:M) today reported preliminary financial results for the third quarter of 2024. Preliminary Third Quarter Highlights Macy's First 50 locations delivered third consecutive quarter of comparable sales growth, up 1.9%. Bloomingdale's reported comparable sales growth of owned and owned-plus-licensed-plus-marketplace up 1.0% and 3.2%, respectively. Bluemercury reported comparable sales growth of 3.3%. Asset sale gains of $66 million were ahead of expectations. "We delivered third quarter sales in lin
Macy's, Inc. (NYSE:M) will report its third quarter 2024 sales and earnings results on Tuesday, November 26, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. EST. 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. The general public and the media will be able to access the live webcast and associated presentation via the company's website at www.macysinc.com. To participate in the call, analysts and investors may call 1-877-407-0832. A replay of the conference call will be available on the company's website or by calling 1-877-66
The board of directors of Macy's, Inc. (NYSE:M) today declared a regular quarterly dividend of 17.37 cents per share on Macy's, Inc.'s common stock, payable on January 2, 2025, to shareholders of record at the close of business on December 13, 2024. About Macy's, Inc. Macy's, Inc. (NYSE:M) is a trusted source for quality brands through our iconic nameplates – Macy's, Bloomingdale's and Bluemercury. Headquartered in New York City, our comprehensive digital and nationwide footprint empowers us to deliver a seamless shopping experience for our customers. For more information, visit macysinc.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20241025786070/en
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Macy's Flower Show celebrates 50 years at Macy's Herald Square with new partnerships from YSL Beauty, The Bouqs Co., Holland America Line and LEGO®, exclusive product, and Macy's Bouquet of Deals from April 27 – May 18 The 2025 Macy's Flower Show®, starring YSL BEAUTY, returns to Macy's iconic New York City Herald Square flagship, inviting guests to experience Surrealist Gardens and mesmerizing floral displays between Sunday, April 27 and Sunday, May 18. Leading up to Mother's Day and celebrating 50 years, Macy's Flower Show will expand to three full weeks, offering customers a holistic experience through a limited-edition Flower Show collection, immersive events and exclusive deals throug
Seasoned retail executive Thomas J. Edwards to join Macy's, Inc. as Chief Operating Officer and Chief Financial Officer Reiterates first quarter 2025 guidance Macy's, Inc. (NYSE:M) today announced the evolution of its executive leadership team and structure to further advance the company's "Bold New Chapter" strategy that is designed to return the company to long-term profitable growth. Thomas J. Edwards will become Chief Operating Officer and Chief Financial Officer at Macy's, Inc., effective June 22nd Barbie Cameron, Macy's Chief Stores Officer, will report directly to Chairman and Chief Executive Officer, Tony Spring, effective June 22nd Maly Bernstein, CEO Bluemercury, will repo
Newly acquired option unlocks opportunity to develop entertainment content, building on Macy's tradition of live entertainment and showstopping productions Macy's has acquired an exclusive option, in a competitive bidding situation, to The New York Times and USA Today best-selling novel, When Women Ran Fifth Avenue: Glamour and Power at the Dawn of American Fashion, by award-winning author and journalist Julie Satow. Under the deal, led by Macy's chief marketing officer Sharon Otterman, the non-fiction portrait of American department stores, will be exclusively developed into a fictionalized television series project. Macy's is currently in the process of securing a showrunner and attachin
Created exclusively for Macy's, Arch Studio is designed to outfit the entire home with stylish, everyday pieces Macy's announces the launch of Arch Studio, a new private brand for accessible home essentials, making it easy for customers to outfit their entire home. Arch Studio offers a curated range of pieces for today's home across bath and bedding products, kitchenware and dinnerware. Arch Studio is now available on Macy's mobile app, macys.com and in stores nationwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250317281802/en/Arch Studio offers a curated range of pieces for today's home across bath and bedding products,
Good American debuts at Macy's, reaching a new milestone in their retail expansion Good American, global brand co-founded by Khloé Kardashian and Emma Grede, and known for its innovative and inclusive approach to denim, launches at Macy's in 36 doors for the Spring 2025 season and will expand to a total of 79 doors starting in the Fall 2025. This partnership with Macy's is a significant moment for the brand, expanding its reach to millions of new customers across the country and enhancing accessibility to Good American's premium denim and wardrobe essentials. Macy's footprint nationwide offers the perfect platform for Good American to further solidify its presence in the retail space and c
Macy's, Inc. (NYSE:M) today reported financial results for the fourth quarter and fiscal year 2024 and provided fiscal year 2025 guidance. Highlights Achieved fourth quarter GAAP diluted earnings per share of $1.21; Adjusted diluted earnings per share of $1.80 exceeded the company's prior guidance range. Macy's, Inc. reported fourth quarter comparable sales down 1.1% on an owned basis; achieved its best owned-plus-licensed-plus-marketplace comparable sales since the first quarter of 2022, up 0.2%. Macy's First 50 locations delivered fourth consecutive quarter of comparable sales growth, up 0.8% on an owned basis and up 1.2% on an owned-plus-licensed basis. Bloomingdale's reported o
The board of directors of Macy's, Inc. (NYSE:M) 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. About Macy's, Inc. Macy's, Inc. (NYSE:M) is a trusted source for quality brands through our iconic nameplates – Macy's, Bloomingdale's and Bluemercury. Headquartered in New York City, our comprehensive digital and nationwide footprint empowers us to deliver a seamless shopping experience for our customers. For more information, visit macysinc.com. View source version on businesswire.com: https://www.businesswire.com/news/home/
Agreement unlocks opportunities for content development, show-stopping entertainment and headlining talent for Macy's, building on the tradition of Macy's Thanksgiving Day Parade® and Macy's 4th of July Fireworks® 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 speci
Macy's, Inc. (NYSE:M) 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. The general public and the media will be able to access the live webcast and associated presentation via the company's website at www.macysinc.com. To participate in the call, analysts and investors may call 1-877-407-0832. A replay of the conference call will be available on the company's website or by calling 1
Hotel Collection features elevated designs, premium quality and sophistication for modern living 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. This press r
Telsey Advisory Group reiterated coverage of Macy's with a rating of Market Perform and set a new price target of $15.00 from $17.00 previously
Analyst downgraded Macy's from Overweight to Neutral and set a new price target of $14.00 from $19.00 previously
Gordon Haskett downgraded Macy's from Accumulate to Hold
Gordon Haskett downgraded Macy's from Buy to Accumulate
Gordon Haskett upgraded Macy's from Hold to Buy and set a new price target of $20.00
Telsey Advisory Group reiterated coverage of Macy's with a rating of Market Perform and set a new price target of $17.00 from $21.00 previously
TD Cowen downgraded Macy's from Outperform to Market Perform and set a new price target of $20.00 from $23.00 previously
Telsey Advisory Group reiterated coverage of Macy's with a rating of Market Perform and set a new price target of $21.00 from $15.00 previously
Citigroup upgraded Macy's from Sell to Neutral and set a new price target of $18.00 from $14.00 previously
Citigroup downgraded Macy's from Neutral to Sell and set a new price target of $14.00
Seasoned retail executive Thomas J. Edwards to join Macy's, Inc. as Chief Operating Officer and Chief Financial Officer Reiterates first quarter 2025 guidance Macy's, Inc. (NYSE:M) today announced the evolution of its executive leadership team and structure to further advance the company's "Bold New Chapter" strategy that is designed to return the company to long-term profitable growth. Thomas J. Edwards will become Chief Operating Officer and Chief Financial Officer at Macy's, Inc., effective June 22nd Barbie Cameron, Macy's Chief Stores Officer, will report directly to Chairman and Chief Executive Officer, Tony Spring, effective June 22nd Maly Bernstein, CEO Bluemercury, will repo
Macy's, Inc. (NYSE:M) today announced the appointment of a new independent director, Robert Chavez, to its Board of Directors (the "Board"), effective April 1, 2025. Chavez has spent the entirety of his more than 45-year career in the retail industry, with a focus on the luxury space. He most recently served for 24 years as President and Chief Executive Officer of Hermès Americas, a division of Hermès International Société, where he oversaw operations in the U.S., Canada and Latin America, which included growing the e-commerce business, expanding product offerings and adding new stores to the brand's portfolio. Previously, he served for eight years as the Chief Executive Officer of Etienn
The newest Carousel @ Bloomingdale's offers shoppers a sentimental one-stop-shop for summer must-haves NEW YORK, April 11, 2024 /PRNewswire/ -- Bloomingdale's today announces the launch of its latest Carousel: Camp Bloomingdale's. The pop-up space will transform into the ultimate summer destination for all ages, complete with a wide assortment of multicategory must-haves including swimwear, accessories, beauty, food, beverage favorites, and so much more. For the first time, Bloomingdale's will welcome Coleman, the experts in outdoor gear and equipment, offering an array of campsite essentials.
Arkhouse Management Co. LP (together with its affiliates, "Arkhouse", "we" or "us"), which owns a significant stake in Macy's, Inc. ("Macy's" or the "Company") (NYSE:M), today issued the following statement regarding its settlement with the Company, including the appointment of its director nominees Richard (Ric) Clark and Richard (Rick) L. Markee to the Board of Directors (the "Board") of the Company and the Board's Finance Committee. The following is attributable to Gavriel Kahane and Jonathon Blackwell, Arkhouse Managing Partners. "Ric Clark and Rick Markee bring tremendous dealmaking experience to Macy's Board and will be instrumental in maximizing value for shareholders. As a result
Arkhouse Terminates Proxy Contest as Two of its Nominees Added to Board and Finance Committee Company Implements Previously Announced Board Changes as Tony Spring Assumes Chairman Role and Douglas W. Sesler Joins Board Company Continues Engagement with Arkhouse and Brigade Regarding their Proposal Macy's, Inc. (NYSE:M) today announced the appointment of two new independent directors, Richard (Ric) Clark and Richard (Rick) L. Markee, to its Board of Directors (the "Board"), effective immediately. The appointments of Clark and Markee follow the Board's engagement with Arkhouse Management Co. LP ("Arkhouse"), resulting in the withdrawal of its director nominations. The Company is also
Candidates are invited to explore full- and part-time seasonal opportunities supporting Macy's, Inc.'s omnichannel shopping experience across its portfolio of nameplates including Macy's, Bloomingdale's and Bluemercury Holiday hiring events will take place nationwide at all stores and distribution centers on Thursday, September 21 and Thursday, October 19 Macy's, Inc. (NYSE:M) today announced plans to hire for more than 38,000 full- and part-time seasonal positions this upcoming holiday season at its Macy's, Bloomingdale's and Bluemercury stores, as well as its distribution centers. This year's number of seasonal positions at Macy's, Inc. are consistent with open positions in 2022. Macy
Bron to Succeed Tony Spring Following his Appointment to President and CEO-Elect of Macy's, Inc. Macy's, Inc. (NYSE:M) today announced that it has named Olivier Bron Chief Executive Officer of Bloomingdale's, with an anticipated start date in early November. Bron will report directly to Tony Spring, who was appointed President and CEO-Elect of Macy's, Inc. in March following a 36-year career at Bloomingdale's. Bloomingdale's remains the cornerstone of Macy's, Inc.'s luxury growth vector and the premier customer destination for curated fashion and style. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230912522143/en/Macy's, Inc
Jeff Gennette Plans to Retire in February 2024 Tony Spring Appointed President and CEO-Elect Adrian Mitchell Appointed to Expanded Role of COO and CFO Macy's, Inc. (NYSE:M) today announced that Chairman and Chief Executive Officer of Macy's, Inc. Jeff Gennette (61) plans to retire in February 2024 after serving the company for 40 years. Following a rigorous succession planning process that included an internal and external search, Tony Spring (58), Macy's, Inc. executive vice president and Bloomingdale's chairman and chief executive officer, has been appointed by the board of directors as Macy's, Inc. president and CEO-elect, and a member of the board of directors. As President, Tony wil
Appointment Enhances Board's Expertise Across Finance, Digital and Innovation Macy's, Inc. (NYSE:M) today announced the appointment of Naveen Chopra, executive vice president and chief financial officer of Paramount Global, to its board of directors, effective April 1, 2023. Chopra is an established financial and operational leader who has served as chief financial officer for several high-growth, innovative companies over the past 20 years. In his current role, Chopra oversees Paramount Global's financial operations and global corporate development and strategy. Previously, Chopra was chief financial officer of Amazon's Devices and Services Business, responsible for some of Amazon's fast
NEW YORK, Sept. 7, 2022 /PRNewswire/ -- GLO Pharma, the parent company of breakthrough subtopical skincare brand Ourself, today announces the appointment of Marla Beck to its Board of Directors. Ms. Beck, the co-founder and former CEO of leading luxury beauty retailer Bluemercury, will join the board effective immediately. Her appointment adds a new seat to the GLO Pharma board, which now consists of seven members, five of which are women, and is led by Chairman Scott L. Glenn. Ms. Beck is a serial entrepreneur and visionary brand-builder who is highly experienced in building