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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.
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.
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.
Macy's, Inc. (NYSE: M) reported its second quarter 2022 financial results, revealing diluted EPS of $0.99, down from $1.08 in Q2 2021. Comparable sales decreased 1.5% (owned) and 1.6% (owned-plus-licensed), while net sales reached $5.6 billion. The company lowered its full-year sales and EPS guidance due to macroeconomic pressures affecting consumer spending. Despite challenges, Bloomingdale's and Bluemercury showed strong performance, highlighting continued consumer interest in luxury goods.
Macy’s, Inc. announced the appointment of Emilie Arel to its board of directors, effective August 15, 2022. Arel, currently CEO of Casper Sleep, brings over 20 years of retail leadership experience, including roles at Target and Gap. Her expertise spans digital transformation and customer experience, aligning with Macy’s growth strategy. The board expansion to 14 members aims to enhance customer engagement through an omnichannel approach. Arel’s background positions her as a valuable asset for shaping Macy’s future.
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