Welcome to our dedicated page for Macy's news (Ticker: $M), a resource for investors and traders seeking the latest updates and insights on Macy's stock.
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
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%
Tags
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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
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Rhea-AI Summary
Macy's, Inc. (M) declares a 5% increase in quarterly dividend to 17.37 cents per share, payable on April 1, 2024, to shareholders of record on March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.99%
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Rhea-AI Summary
Macy’s, Inc. (NYSE: M) is set to release its fourth quarter and full-year 2023 sales and earnings results on February 27, 2024. The company will conduct a call and webcast with financial analysts and investors, led by CEO Tony Spring and CFO Adrian Mitchell. The live webcast will be accessible on the company's website, with details provided for participation and replay options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
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Rhea-AI Summary
Macy’s, Inc. reiterates commitment to long-term value creation amidst director nominations and acquisition proposal. The Board and management emphasize expertise, openness to value creation opportunities, and strategic planning for shareholder value. The company evaluates options for growth and customer experience enhancement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
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Rhea-AI Summary
Macy's launches State of Day, a new restwear, sleepwear, and innerwear brand, designed to provide comfort, versatility, and style for the modern woman. The collection features over 165 pieces with prices ranging from $8.50-$79.50, and sizes ranging from XS-XXL and up to 4X for sleepwear. State of Day is informed by customer research and aims to help women slow down, feel good, and take a break from running her world.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.78%
Tags
Rhea-AI Summary
Macy’s, Inc. announced that Tony Spring will serve as the new CEO, effective February 4, 2024, succeeding Jeff Gennette who is retiring after 40 years with the company. Gennette will continue as board chair until the 2024 Annual Meeting, with Spring taking over as chair after that. Spring is praised for his contributions to the company's strategies and culture, with a focus on talent development and customer innovation. The company expresses confidence in Spring's ability to lead Macy’s, Inc. into its next phase of growth and deliver value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
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Rhea-AI Summary
Big Brothers Big Sisters (BBBS) announces fundraising results from Macy's 2023 holiday campaign and grant awards, raising $4.3 million from Macy's customers and receiving $400k in grants. The multi-year partnership aims to expand the reach of BBBS' mentoring model, connecting more young people with transformative mentors and experiences. Macy's, Inc. launched its social purpose platform, Mission Every One, to drive positive societal change, directing over $125 million to nonprofit organizations aligned with the mission by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.57%
Tags
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Rhea-AI Summary
Macy’s, Inc. received an unsolicited proposal from Arkhouse and Brigade to acquire all outstanding shares for $21.00 per share in cash, but the Board has determined that the proposal is not compelling enough. The Board remains open to opportunities to create shareholder value and will continue to act in the best interest of all shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.57%
Tags
Rhea-AI Summary
Arkhouse Management Co. LP, along with its affiliates, has made a proposal to acquire Macy's, Inc. for $21.00 per share in cash, representing a 32.4% premium to the unaffected stock price and a 56.8% premium to the Company’s 30-day volume weighted adjusted stock price as of Nov. 30, 2023. The investor group is urging Macy’s to respond to their proposal and engage in substantive discussions. They have expressed confidence in their ability to raise the necessary funds for the transaction and are highly motivated to consummate the acquisition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.57%
Tags
Macy's Inc.
NYSE:M
M Rankings
M Stock Data
5.37B
272.18M
0.74%
89.51%
6.07%
Department Stores (except Discount Department Stores)
Retail Trade
United States of America
NEW YORK
About M
macy macy corp is a retail company based out of 1612 e 17th ave, denver, colorado, united states.