Macys Inc Stock Price, News & Analysis

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.

Macy’s, Inc. has appointed Pam Quintiliano as the new head of investor relations, effective September 12, 2022. Quintiliano, with over 20 years of experience in the retail and financial sectors, will lead Macy’s investor relations program, aiming to enhance communication with investors. She will succeed Mike McGuire, who is retiring after a notable career in investor relations. Quintiliano's expertise comes from her previous role at Abercrombie & Fitch, where she served as group vice president of investor relations.

The board of directors of Macy's (NYSE:M) has declared a quarterly dividend of 15.75 cents per share, payable on October 3, 2022, to shareholders of record by September 15, 2022. This announcement reflects the company’s commitment to returning value to its shareholders while maintaining a strong presence in the retail market.

Macy’s, Inc. (NYSE: M) announced that CFO Adrian Mitchell will participate in a fireside chat at the Goldman Sachs 29th Annual Global Retailing Conference. The event is scheduled for 8:05 a.m. EDT on Thursday, September 8, 2022.

A live webcast will be available on Macy’s investor relations website, and a recording will be accessible afterward. Macy’s operates a significant e-commerce platform alongside its physical stores, offering a range of quality brands across various price points.