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Macy`s Inc - M STOCK NEWS

Welcome to our dedicated news page for Macy`s (Ticker: M), a resource for investors and traders seeking the latest updates and insights on Macy`s.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Macy`s's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Macy`s's position in the market.

Rhea-AI Summary
Bloomingdale's introduces Camp Bloomingdale's, a summer-themed pop-up offering a wide range of products from various brands, including outdoor gear by Coleman. The launch includes campsite essentials, camp-inspired clothing, and exclusive merchandise. The activation features fun activities and giveaways, creating a nostalgic camp shopping experience for all ages.
Rhea-AI Impact
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End-of-Day
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Rhea-AI Summary
Arkhouse Management Co. LP settles with Macy's, Inc. appointing director nominees to the Board of Directors. Discussions progress towards a potential acquisition. Legal and financial advisors engaged in the process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.54%
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none
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Rhea-AI Summary
Macy’s, Inc. appoints two new independent directors to its Board, Richard (Ric) Clark and Richard (Rick) L. Markee, following the withdrawal of director nominations by Arkhouse Management Co. LP. Tony Spring assumes the chairman role, with Douglas (Doug) W. Sesler joining the Board. The Company continues engagement with Arkhouse and Brigade regarding their acquisition proposal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.54%
Tags
management
Rhea-AI Summary
Macy’s Flower Show featuring Christian Dior Parfums will enchant visitors with a vibrant floral experience at Macy’s Herald Square from March 24 to April 7, 2024. The show will showcase thousands of live flowers, plants, and trees, with an exclusive Miss Dior fragrance exhibition. Guests can shop for a unique product collection inspired by the show in-store and online.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
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none
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Rhea-AI Summary
Macy's, Inc. (M) nominates Douglas W. Sesler, Founder of Fair Street Partners, for election to the Board of Directors. Sesler, a seasoned real estate executive, brings over 35 years of experience in real estate advisory and investing. He founded Fair Street Partners in 2021, focusing on real estate investments and development. Sesler's expertise will enhance the Board's real estate knowledge and help unlock shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.44%
Tags
management
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Rhea-AI Summary
Macy’s, Inc. (M) appoints Michael Krans as vice president of Macy’s Media Network to enhance advertising partnerships and engage customers. Krans brings over 20 years of sales and marketing experience to drive media campaigns and revenue growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.84%
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none
Rhea-AI Summary
Macy's receives a proposal from Arkhouse Management and Brigade Capital to acquire all outstanding shares for $24.00 per share in cash. The Board will review the offer to create long-term value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.55%
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Rhea-AI Summary
Arkhouse Management Co. LP, along with partner Brigade Capital Management, has proposed an increased all-cash acquisition of Macy's at $24.00 per share, representing a 51.3% premium to the company's share price on Nov. 30, 2023, and a 33.3% premium to the closing share price on March 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.55%
Tags
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Rhea-AI Summary
Macy's, Inc. (NYSE: M) announces a new strategy 'A Bold New Chapter' to accelerate growth, focusing on strengthening the Macy's nameplate, accelerating luxury growth, and modernizing operations. The plan includes closing 150 underproductive locations, investing in 350 go-forward locations, expanding Bloomingdale's and Bluemercury stores, and monetizing assets. The strategy aims to drive sustainable, profitable growth and create shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
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none
Rhea-AI Summary
Macy’s, Inc. reported a fourth-quarter diluted EPS of $(0.26) and adjusted diluted EPS of $2.45, with a gross margin rate of 37.5%. The company achieved full-year 2023 net sales guidance and exceeded adjusted earnings guidance. Macy’s ended the year with over $1 billion in cash on the balance sheet and generated $1.3 billion in operating cash flow. The company announced 'A Bold New Chapter' strategy to challenge the status quo, enhance customer experience, deliver growth, and unlock shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
Macy`s Inc

NYSE:M

M Rankings

M Stock Data

5.47B
272.18M
0.74%
89.52%
6.07%
Department Stores (except Discount Department Stores)
Retail Trade
Link
US
New York

About M

macy macy corp is a retail company based out of 1612 e 17th ave, denver, colorado, united states.