Macys Inc Stock Price, News & Analysis

Bloomingdale's has announced the opening of its second "Bloomie's" store on November 17, 2022, at Westfield Old Orchard Mall, Chicago. This 51,000 square-foot store offers a curated shopping experience with a focus on top brands and innovative services. Bloomie's will feature men's and women's fashion, home collections, and a new restaurant, bCafé. To celebrate its launch, Bloomie's will host "10 Days of Bloomie's" with various events and collaborations, including a partnership with No Kid Hungry. The store aims to enhance the shopping experience through personalized customer service.

Macy's, in collaboration with VeeFriends, is launching a limited series of collectible plush and vinyl characters created by Gary Vaynerchuk. Available from October 17, the collection can be pre-ordered at Macy's stores and online. Prices range from $9.99 to $29.99. Each figure features a QR code linking to 3D animated content. Vaynerchuk's characters aim to inspire positive traits in consumers. In-store appearances are scheduled for Chicago and New York City on October 17 and 21, respectively, with NFT token holders receiving a complimentary figure.

Bloomingdale's is continuing its commitment to breast cancer awareness by launching its annual Pink Campaign as part of its 150th Anniversary. On October 8, the retailer will host PINK Yoga and PINK Parties across select stores, aiming to raise awareness and funds for The Breast Cancer Research Foundation and The Tutu Project. Over 18 years, Bloomingdale's has raised over $16 million for breast cancer initiatives. The campaign also includes the Give Pink, Get More program, offering rewards for Bloomingdale's credit cardholders who contribute.

Macy's has launched a curated digital marketplace on macys.com, enhancing its e-commerce offerings with over 400 new brands across more than 20 product categories. This initiative reflects Macy's commitment to providing a seamless shopping experience while integrating third-party sellers into its platform. Key categories include apparel, beauty, electronics, and home goods. The marketplace aims to elevate customer experience and support sustainable, diverse brands, with 20% of sellers being from underrepresented enterprises.

To begin the holiday season, Macy’s and Toys“R”Us have unveiled Geoffrey’s 2022 Hot Toy List. The list features 100 top toys including brands like Barbie, LEGO, and Disney, and will be available at all Macy’s stores starting October 15. Highlighted events and a sweepstakes will run from September 26 to October 6 to enhance the shopping experience.

Macy’s, Inc. announced plans to hire over 41,000 seasonal positions for the upcoming holiday season across its stores and supply chain locations. This figure aligns with prior years, ensuring a consistent job market. The hiring process is streamlined, allowing applications to take just five minutes and job offers to be made within 48 hours. Seasonal positions could lead to permanent roles, as evidenced by 10,300 seasonal colleagues being converted last year. Macy’s emphasizes competitive pay starting at $15 per hour and various benefits.

On its 150th anniversary, Bloomingdale's launches b the change, a new platform for social purpose and sustainability. It introduces the Bloomingdale's x FIT Sustainable Innovation Fund in partnership with the Fashion Institute of Technology (FIT), aiming to enhance sustainability and support youth initiatives. The platform comprises three pillars: b sustainable, b inclusive, and b the future, focusing on resource conservation, equity, and mental health advocacy. The retailer aims to raise $2 million for philanthropic partners through events this September.

Kylie Cosmetics is launching at Macy’s on October 1, starting with a limited-edition Holiday Collection featuring clean, vegan formulas. The Holiday line includes gift sets and cosmetic products, available online and in select stores. Following this, core products will be introduced in Winter 2022, with the full collection set to roll out in early Spring 2023. This partnership aims to enhance brand accessibility and expand Macy’s beauty offerings, aligning with their strategy to connect customers with renowned brands.

Macy’s, Inc. (NYSE:M) updates its sustainability goals through the Mission Every One platform, focusing on creating a circular economy. The company has successfully minimized waste by increasing the use of digital samples from 5% in 2019 to 61% in 2022. Packaging waste has also been reduced by optimizing carton sizes and using 35% recycled content in mailers. Partnerships with FABSCRAP and Give Back Box enhance recycling efforts and extend product life. Macy's aims for an 80% recycling rate in stores by 2025, contributing positively to environmental sustainability.