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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.
Nicole Williams English, a celebrity designer, has launched a new collection in collaboration with bar III at Macy's. This collection, designed by Reunited Clothing, features 19 trend-forward spring styles, priced between $49.50 and $99.50, available in sizes XXS to XXL. Key pieces include oversized blazers and dresses, all crafted to blend seamlessly into everyday wardrobes. Macy's aims to enhance customer access to Williams' unique style and vision through this collaboration.
Macy’s, Inc. (NYSE: M) announced the results of its offer to purchase Second Lien Notes through its subsidiary, Macy's Retail Holdings, LLC. The offer is a Collateral Offer under the governing indenture, with the expiration date set for March 7, 2022. Key details include:
- 6.65% Senior Secured Debentures due 2024: $1,687,000 accepted
- 6.7% Senior Secured Debentures due 2028: $986,000 accepted
- Settlement date is March 8, 2022
The annual Macy’s Flower Show returns to Herald Square in New York City from March 27 to April 10, 2022. This year, the floral extravaganza will feature modern designs emphasizing impact and energy, with stunning floral landscapes both inside and outside the store. Highlighting popular fragrances such as Good Girl and Miss Dior, the event aims to create a multi-sensory experience. Additionally, the show integrates a Designer Spotlight Series featuring local floral designers, further enhancing its appeal.
Macy’s, Inc. (NYSE: M) announced its subsidiary priced an offering of $850 million in senior notes, split into two tranches: $425 million in 5.875% notes due 2030 and $425 million in 6.125% notes due 2032. The offering is scheduled to close on March 10, 2022. Proceeds will be used to redeem existing senior notes and cover associated fees and expenses. The notes will be unconditionally guaranteed by Macy’s and offered privately to qualified institutional buyers.
Macy’s, Inc. (NYSE: M) announced plans to offer $850 million in senior notes through its subsidiary, Macy’s Retail Holdings, LLC. The offering consists of two tranches of $425 million each, due in 2030 and 2032. Proceeds will be utilized to redeem existing senior notes and cover related expenses. The offering is made under Rule 144A and Regulation S, exempting it from standard registration. The company emphasizes that the offering is subject to market conditions and does not constitute a redemption notice.
Macy’s announces its new social purpose platform, Mission Every One, committing to invest $5 billion by 2025 to foster equity and sustainability. This initiative seeks to enhance corporate citizenship through a focus on three impact pillars: people, communities, and planet. Key actions include increasing diversity in leadership to 30% by 2025, raising minimum pay rates to $15 per hour, and supporting youth initiatives with over $100 million. The plan also includes a sustainable products expansion, aiming for 100% preferred materials by 2030.
Macy’s, Inc. (NYSE: M) announced that its subsidiary, Macy’s Retail Holdings, LLC, is initiating an offer to purchase its outstanding Second Lien Notes. The notes include various secured debentures maturing between 2024 and 2034, with a purchase price equal to 100% of the principal amount plus accrued interest. The offer is open until 5:00 p.m. on March 7, 2022, unless extended. This collateral offer will release liens on the collateral securing the notes once the offer is completed. Holders must tender their notes before the expiration date to receive payment.
Macy's, Inc. (NYSE: M) reported strong Q4 and full-year 2021 results, with comparable sales increasing 28.3% and 43% respectively versus 2020. Q4 diluted EPS was $2.44, surpassing expectations. The company generated $2.3 billion in free cash flow and announced a new $2 billion share repurchase program, raising its quarterly dividend by 5%. Macy’s saw an 11% increase in new customers compared to Q4 2019, driven by digital sales growth. For 2022, the company anticipates net sales between $24.46 billion and $24.7 billion, reflecting potential macroeconomic challenges.
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.
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