Macys Inc Stock Price, News & Analysis

Bluemercury has appointed Dr. Elyse Love as its first Dermatologist Advisor, enhancing its commitment to personalized beauty shopping. Dr. Love, a board-certified dermatologist from NYC, will provide expert guidance on product offerings and spa services while developing training materials for Bluemercury's staff. Her role aims to strengthen the retailer's position as a trusted beauty resource. Bluemercury, owned by Macy's, Inc. (NYSE: M), operates over 180 specialty stores across the U.S.

Macy’s (NYSE: M) has launched a limited-edition home and décor line, Akwaaba Inns for Hotel Collection, curated by Monique Greenwood, founder of Akwaaba Inns. The collection features a variety of luxurious items such as bedding, pillows, and bath towels, ranging in price from $22.99 to $259.99. Available on macys.com, the mobile app, and select stores, this collaboration aims to offer consumers unique design options. Greenwood expresses excitement over this partnership, highlighting a commitment to customer self-expression through stylish home goods.

Food Network star Molly Yeh is set to debut her first kitchenware collection, Girl Meets Farm^™, exclusively at Macy’s (NYSE: M). The collection features a wide range of kitchen essentials including cookware, bakeware, and textiles, designed to merge functionality with a vibrant aesthetic, reflecting Yeh's personal style. Prices range from $9 to $129. Available on macys.com and at select Macy's stores across the nation, this launch marks a significant expansion for both Yeh and Macy's into home goods.

Macy’s has announced the opening of four new Market by Macy’s locations across the U.S. in Fall 2022 as part of its Polaris strategy. The new stores include a dual-location featuring Macy’s Backstage, enhancing customer experience with a curated assortment of fashion trends. The first location opens in Suwanee, GA on August 20, with further locations in Chesterfield and Evergreen Park. This expansion reflects Macy’s strategy to reposition its footprint while replacing underperforming stores.

Macy’s is set to enhance its holiday offerings by opening Toys“R”Us shops in all stores across America, starting late July and completed by October 15^th. The shops will range from 1,000 to 10,000 sq. feet, with flagship locations in major cities. To celebrate, Macy’s will host nine days of family-friendly events from October 15 to October 23. Since August, online toy sales have surged 15x compared to before the partnership, reflecting strong customer demand.

Macy’s (NYSE: M) announced that Nata Dvir, the chief merchandising officer, will join a virtual fireside chat at the Jefferies Consumer Conference. The event is scheduled for 8:00 a.m. EDT on Monday, June 20, 2022. Interested parties can access the webcast via the investor relations section of Macy’s website at www.macysinc.com/investors. A recording will be available for 90 days post-event. Macy’s is known for quality brands and offers a seamless shopping experience through its e-commerce and retail presence.

The 46th Annual Macy's 4th of July Fireworks will take place on July 4th at 9:25 p.m., launching over 48,000 shells from five barges on the East River, creating a dazzling display visible from Manhattan, Queens, and Brooklyn. This year’s 25-minute show, synchronized to a diverse musical score curated by Ray Chew, features new effects and multiple colors, reaching heights of 1,000 feet. A national television broadcast will air on NBC, showcasing the event to audiences across the country. For the best views, spectators are encouraged to check official announcements at macys.com/fireworks.

Macy’s, Inc. (NYSE: M) reported strong financial results for Q1 2022, achieving a diluted EPS of $0.98 and an adjusted diluted EPS of $1.08, up from $0.32 and $0.39 the previous year. Comparable sales rose 12.8% on an owned basis, with digital sales increasing 2% year-over-year. The company repurchased $600 million of shares and reaffirmed its annual sales guidance while raising earnings expectations. Strong performance was noted in luxury goods and occasion-based apparel, underlining resilience amid macroeconomic pressures.