Macys Inc Stock Price, News & Analysis

Macy’s (NYSE: M) is set to announce its fourth quarter and full-year 2021 sales and earnings results on February 22, 2022, before market opening. A conference call with financial analysts will follow at 8:00 a.m. ET, lasting 90 minutes, accessible via webcast on the company’s website, macysinc.com. Analysts can join by calling 1-800-458-4121, passcode 7189632. A replay will be available two hours after the call. Macy’s operates several retail brands including Bloomingdale’s and Bluemercury.

Macy’s announces the launch of the Style Not Size collection in collaboration with influencers Denise Mercedes and Maria Castellanos. This limited-edition loungewear line promotes body positivity, featuring sizes XS to 3X, with prices ranging from $34.50 to $59.50. The collection includes a range of cozy separates designed for comfort and style, available in Macy’s stores and online. The collaboration aims to enhance inclusivity in fashion, appealing to a diverse audience of body types.

Macy’s (NYSE:M) is catering to last-minute holiday shoppers with a range of unique and thoughtful gifts available online, via its mobile app, and in stores across the country. A new gift finder tool assists customers in discovering ideal gifts based on recipient interests. The retailer emphasizes flexible shopping options including contactless curbside pick-up and same-day delivery through DoorDash. Customers can order online until 5 p.m. on December 22 for standard Christmas delivery, ensuring a convenient shopping experience during the festive season.

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.