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Macy’s, Inc. reports company developments tied to its department store, luxury retail and beauty nameplates: Macy’s, Bloomingdale’s and Bluemercury. News commonly covers sales and earnings releases, guidance, comparable-sales metrics, digital and store performance, credit-card revenue, asset-sale activity and updates to the company’s Bold New Chapter strategy.
Company announcements also include brand partnerships, beauty and fashion launches, in-store experiences, seasonal events such as Macy’s Flower Show, Bloomingdale’s carousel shops, investor conference participation and common-stock dividend actions.
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.
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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.