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 |
|---|---|---|---|
| 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 |
| 11/7/2023 | $13.00 | In-line | Evercore ISI |
| 9/27/2023 | $13.00 | Buy → Hold | Gordon Haskett |
| 8/23/2023 | $16.00 → $14.00 | Market Perform | Telsey Advisory Group |
| 6/1/2023 | $18.00 | Hold → Buy | Gordon Haskett |
8-K - Macy's, Inc. (0000794367) (Filer)
10-Q - Macy's, Inc. (0000794367) (Filer)
8-K - Macy's, Inc. (0000794367) (Filer)
8-K - Macy's, Inc. (0000794367) (Filer)
8-K - Macy's, Inc. (0000794367) (Filer)
8-K - Macy's, Inc. (0000794367) (Filer)
8-K - Macy's, Inc. (0000794367) (Filer)
8-K - Macy's, Inc. (0000794367) (Filer)
10-Q - Macy's, Inc. (0000794367) (Filer)
8-K - Macy's, Inc. (0000794367) (Filer)
Macy's, Inc. (NYSE:M) today provided an update on its fiscal fourth quarter 2024 results and outlook. Macy's, Inc. go-forward business achieved quarter-to-date1 comparable sales2 growth, with Macy's First 50 locations and luxury nameplates Bloomingdale's and Bluemercury all continuing their trend of positive comparable sales2. Macy's digital channel also achieved comparable sales2 growth for the period1. Macy's, Inc. comparable sales2 were roughly flat quarter-to-date1 with Macy's non-First 50 locations, inclusive of non-go-forward locations, performing below expectations and generating negative comparable sales2. The company expects fourth quarter 2024 adjusted diluted earnings per s
As previously disclosed, the 66 Macy's locations will close as part of the company's Bold New Chapter strategy Macy's Inc. (NYSE:M) 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. People have endless options when it comes to where and how they shop. Macy's custome
Macy's, Inc. (NYSE:M) 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. A live webcast of the fireside chat will be available on the investor relations section of the Macy's, Inc. website at www.macysinc.com/investors. A recording of the webcast will be available on the website for 90 days following the event. About Macy's, Inc. Macy's, Inc. (NYSE:M) is a trusted source for quality brands through our
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
Lucky, the leading retail connectivity platform, announces an exciting new partnership with Bloomingdales, one of America's premier luxury department stores. This collaboration will enable luxury brands to seamlessly connect their Direct-To-Consumer (DTC) websites with Bloomingdales' in-store inventory, revolutionizing how customers shop for premium products and creating a truly omnichannel experience. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241216276090/en/Lucky Partners with Bloomingdales to Enhance Luxury Shopping Experience (Graphic: Lucky) Starting today, online shoppers can instantly check the availability of their
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
Shop the latest trends at the best value with special gifts for everyone on your holiday list Order by Saturday, December 21 for standard delivery to arrive by Christmas Day for eligible products on macys.com or on the Macy's mobile app The holiday season is here and finding the perfect gift doesn't have to be stressful. Macy's is your destination for gifting, and the Macy's Gift Guide is here to help make gifting easier than ever. Macy's has an assortment of new and exclusive products, on-trend brands and exceptional values across all categories. Customers can shop comfortably from home, conveniently through the Macy's mobile app, online at macys.com, or in stores nationwide for last-m
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
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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
Evercore ISI initiated coverage of Macy's with a rating of In-line and set a new price target of $13.00
Gordon Haskett downgraded Macy's from Buy to Hold and set a new price target of $13.00
Telsey Advisory Group reiterated coverage of Macy's with a rating of Market Perform and set a new price target of $14.00 from $16.00 previously
Gordon Haskett upgraded Macy's from Hold to Buy and set a new price target of $18.00
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
Appointment Enhances Board's Expertise in Retail, Digital Transformation and Customer Experience Macy's, Inc. (NYSE:M) today announced the appointment of Emilie Arel, president and chief executive officer of Casper Sleep, to its board of directors, effective August 15, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220815005617/en/Macy's, Inc. Appoints Emilie Arel to Board of Directors. (Photo: Business Wire) As president and chief executive officer at Casper Sleep since 2021, Arel oversees all facets of the business, including the company's commercial and brand strategy, as well as its wholesale strategy and developing re
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
Macy's, Inc. (NYSE:M) today announced the early tender results of the previously announced cash tender offer (the "Tender Offer") by its wholly owned subsidiary, Macy's Retail Holdings, LLC (the "Company"), for each series of notes listed in the table below (collectively, the "Notes") for a combined aggregate purchase price of up to $220 million (excluding accrued and unpaid interest, which also will be paid to, but excluding, the applicable Settlement Date and excluding fees and expenses related to the Tender Offer) (the "Maximum Tender Offer Amount"), in the order of priority shown in the table. The terms and conditions of the Tender Offer are described in an Offer to Purchase dated Sept
Macy's, Inc. (NYSE:M) today announced that its wholly owned subsidiary, Macy's Retail Holdings, LLC (the "Company"), has commenced a cash tender offer (the "Tender Offer") to purchase up to an aggregate principal amount of its outstanding notes listed in the table below (collectively, the "Notes") for a combined aggregate purchase price of up to $220 million (excluding accrued and unpaid interest, which also will be paid to, but excluding, the applicable Settlement Date and excluding fees and expenses related to the Tender Offer) (the "Maximum Tender Offer Amount"), in the order of priority shown in the table. The terms and conditions of the Tender Offer are described in an Offer to Purch
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 October 1, 2024, to shareholders of record at the close of business on September 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/20240823037455/e