Macys Inc Stock Price, News & Analysis

Macy’s (NYSE: M) is set to launch a curated digital marketplace in partnership with Mirakl, enhancing its strategy as a digitally led omnichannel retailer. This initiative aims to significantly expand product offerings and introduce new categories by allowing selected third-party sellers on macys.com and bloomingdales.com. The marketplace is projected to generate additional revenue on top of the anticipated $10 billion sales target for 2023, set to launch in the second half of 2022.

Macy's, Inc. (NYSE: M) reported strong third-quarter financial results for 2021, with net sales exceeding expectations. Comparable owned sales rose by 37.2% and digital sales increased by 19% year-over-year. Diluted EPS reached $0.76, while adjusted diluted EPS stood at $1.23. The company repurchased $300 million in shares, repaid $1.6 billion in debt early, and added 4.4 million new customers, a 28% rise from 2019. Macy's also announced plans to launch a curated digital marketplace to enhance customer acquisition and sales growth.

Macy’s (NYSE: M) announced a major investment in employee benefits, including a new tuition program covering 100% of tuition, books, and fees, totaling approximately $35 million over four years, starting February 2022. Additionally, it will raise the minimum wage for all employees to $15 per hour, with average base pay projected to exceed $17/hour. These initiatives aim to enhance talent retention and support the company's growth as a digitally-led omnichannel retailer.

The Sofia Richie x bar III collection has launched in partnership with Macy's (NYSE:M). This exclusive collection features 36 trendy styles, including knits and faux-leather outerwear, priced between $39.50 and $149.50. Available in sizes XXS to XXL, the collection caters to both casual and chic fashion preferences. Sofia Richie aims to offer versatile pieces perfect for various climates. Macy's anticipates this collaboration will resonate with its fashion consumers by bringing Richie's unique style to a wider audience.

NuOrion Advisors, LLC, a shareholder of Macy's, Inc. (NYSE: M), has sent a letter to the company's Chairman requesting the formation of a Digital Special Committee. The committee would explore proposals for strategic investments in Macys.com, partnerships with EV manufacturers to utilize store facilities, and the acceptance of cryptocurrency payments. This move aims to enhance Macy's digital transformation and adapt to market trends.

Macy’s is set to host the 95^th annual Thanksgiving Day Parade in New York City on November 25 at 9:00 A.M.. This year’s celebration will feature 15 giant character balloons, 28 floats, and over 800 clowns, along with performances by various musical stars. The event emphasizes safety, requiring proof of vaccination for attendees. The parade route spans 2.5 miles and will be broadcasted on NBC and Telemundo, ensuring nationwide visibility. This event marks a cherished tradition that unites families to kick off the holiday season.

Macy’s, Inc. (NYSE: M) is set to announce its third quarter 2021 sales and earnings results on November 18, 2021, before market opening. A live webcast for financial analysts and investors will occur at 8:00 a.m. ET, accessible via the company's website at www.macysinc.com. Analysts can join the call at 1-800-458-4121, using passcode 5692619. A replay will be available later on the website or by calling 1-888-203-1112.

Macy’s operates three retail brands: Macy’s, Bloomingdale’s, and Bluemercury.

The Jeannie Mai x I.N.C. collection has been launched by Emmy-award winning TV host Jeannie Mai in collaboration with Macy's private brand, I.N.C. International Concepts. The collection features 19 trendy styles, including loungewear, suiting, and knits, with prices ranging from $69.50 to $199.50. Styles are available in a wide range of sizes, promoting inclusivity. The collection aims to connect with customers through versatile pieces suitable for various occasions and will expand with holiday and spring deliveries.

Macy’s has announced an exclusive Black Friday Sneak Peek, showcasing this year's major deals starting November 3. Customers can access discounts on various products, including fashion, jewelry, tech, and home goods, with some items priced as low as $3. Black Friday sales will run from November 23 to November 27. Curbside pickup will be available on Thanksgiving Day, and stores will reopen on November 26. Flexible shopping options include online, app, and in-store purchases.