Macys Inc Stock Price, News & Analysis

Macy’s will host its 2023 Flower Show featuring DIOR at Herald Square from March 26 to April 10. This year’s theme showcases a whimsical floral landscape, with thousands of live flowers and plants, transforming the store into a dream-like city in the sky. The event is free and open to the public, although the store will close on Easter Sunday.

DIOR will present an exclusive floral journey, offering personalized experiences, and special events led by fragrance experts. Macy’s continues its partnership with the Fashion Institute of Technology, featuring student-designed window displays. Following the event, many plants will be donated to the Henry Street Settlement.

Macy's, Inc. reported its Q4 and FY 2022 financial results, highlighting Q4 comparable sales down 3.3% on an owned basis, while FY 2022 comparable sales rose 0.3%. Q4 diluted EPS was $1.83 and adjusted EPS at $1.88, including a $46 million tax benefit. Net sales for Q4 reached $8.3 billion, down 4.6% year-over-year. The company anticipates FY 2023 net sales between $23.7 billion and $24.2 billion, predicting a decline of up to 3%. Macy's maintains a strong balance sheet and disciplined inventory management strategy amidst macroeconomic uncertainties.

The board of directors of Macy's, Inc. has declared a quarterly dividend of 16.54 cents per share, marking a 5% increase. This dividend is payable on April 3, 2023, to shareholders on record as of March 15, 2023. This decision reflects the company’s commitment to returning value to its shareholders, showcasing confidence in its ongoing operations and financial stability.

For further information on Macy's operations, visit macysinc.com.

In celebration of Women's History Month, Bloomingdale's launched The Carousel @ Bloomingdale's: Female Founders Curated by Tika Sumpter, featuring products from 50 female-founded brands. The initiative runs from February 23 to April 24, showcasing items across various categories such as home, fashion, and self-care. Tika Sumpter's Fort Sumpter brand will also debut a capsule collection inspired by her family. Special events including an On-Screen shopping event on March 8 and nationwide activations on March 11 will further promote female empowerment. This partnership highlights Bloomingdale's commitment to amplifying women's voices in retail.

Macy’s, Inc. (NYSE: M) will announce its fourth quarter and full-year 2022 sales and earnings results on Thursday, March 2, 2023, at 8:00 a.m. ET. A call and webcast will be available to financial analysts and investors, with public access via www.macysinc.com. Analysts can join the call by dialing 1-877-407-0832, and a replay will be accessible afterwards using passcode 13736202. Headquartered in New York City, Macy's operates a major e-commerce platform alongside traditional retail, offering quality brands from off-price to luxury.

Macy’s has launched PATTERN Beauty, marking its first partnership with a department store in the haircare sector. The collection, designed for curly, coily, and tight-textured hair, includes products priced between $9 and $25.

This partnership enhances Macy’s offerings in the curl category, responding to consumer demand for diverse haircare products. PATTERN Beauty is available for purchase online at macys.com, through the Macy's mobile app, and at select Macy's locations nationwide.

Macy’s has launched the Shash Diné Hotel Collection®, a limited-edition home collection inspired by Southwestern designs, curated by Baya Meehan, CEO of Shash Diné EcoRetreat. This collection features items such as quilts, comforters, and towels, priced between $70.00 and $500.00, available at macys.com, the Macy’s app, and selected retail locations. The collaboration emphasizes Navajo heritage and aims to enhance customer experience by bringing the essence of glamping into homes. This initiative aligns with Macy's commitment to diverse partnerships under its Mission Every One platform.