Welcome to our dedicated page for Macys news (Ticker: M), a resource for investors and traders seeking the latest updates and insights on Macys stock.
Macy’s, Inc. (NYSE: M) generates a steady flow of news across its Macy’s, Bloomingdale’s and Bluemercury nameplates, reflecting its role in the department stores segment of the retail trade sector. Company updates typically cover financial results, merchandising initiatives, supply chain developments, collaborations and brand campaigns.
Investors following M news can expect regular earnings-related announcements. Macy’s, Inc. uses press releases and accompanying Form 8-K filings to report quarterly net sales, comparable sales performance, gross margin trends, selling, general and administrative expenses, and non-GAAP metrics such as adjusted EBITDA and adjusted diluted earnings per share. Guidance updates and commentary on strategies like the "Bold New Chapter" framework appear in these communications.
Beyond financial results, Macy’s, Inc. news highlights operational and infrastructure changes. For example, the company has announced the opening of an automated customer fulfillment and store replenishment center in China Grove, North Carolina, described as its largest and most technologically advanced facility, supporting omnichannel fulfillment and store replenishment for the Macy’s nameplate with plans to expand to additional nameplates.
Brand and merchandising news is also prominent. Macy’s releases describe seasonal events such as Black Friday Early Access, Parade of Deals and holiday promotions across categories including beauty, apparel, toys, home and jewelry. Bloomingdale’s news features campaigns like "Happy Together" and collaborations with partners such as Burberry and Warner Bros. Discovery, along with immersive Carousel pop-up shops, window displays and in-store experiences. These stories illustrate how Macy’s, Inc. uses partnerships, curated assortments and experiential retail to engage customers.
Corporate actions, such as quarterly dividend declarations and debt offerings by Macy’s Retail Holdings, LLC, are reported through Business Wire and SEC-linked announcements. For readers tracking Macy’s, Inc., the news stream offers insight into financial performance, capital structure decisions, operational investments and evolving retail experiences across its nameplates.
Macy's, Inc. (NYSE: M) appointed Ashley Buchanan, CEO of The Michaels Companies, and Tracey Zhen, President of Zipcar, to its board of directors on October 5, 2021. Buchanan brings extensive retail experience and a successful omnichannel transformation at Michaels, while Zhen has nearly two decades in consumer technology with a focus on innovation. Their appointments aim to enhance Macy's integration of digital and in-store shopping, furthering the company's Polaris strategy for profitable growth.
Geoffrey's Hot Toy List for 2021, featuring 75 top toys, has been unveiled by Macy's in collaboration with Toys“R”Us. This curated selection highlights trending toys inspired by popular characters, designed to promote family engagement and imaginative play. Customers can explore and purchase these must-have items at macys.com/hottoylist. Additionally, Macy’s is hosting Geoffrey’s Toy Extravaganza Sweepstakes starting November 1, offering chances to win toys, including the top ten from the list. Exciting shopping options like same-day delivery and curbside pickup are also available.
Macy’s, Inc. announced plans to hire approximately 76,000 full- and part-time employees for its brands, including Macy’s, Bloomingdale’s, and Bluemercury. Of these, 48,000 roles are seasonal, while others are permanent opportunities. The hiring event is set for September 23, 2021, across over 500 locations from 11 a.m. to 7 p.m. Competitive pay, flexible scheduling, and various bonuses are offered, including a $500 referral bonus. The company emphasizes growth opportunities, with many seasonal roles leading to permanent positions.
Macy’s (NYSE:M) has launched its fall fashion campaign, 'Trademark You,' encouraging shoppers to express their personal style through curated collections from well-known brands. The campaign highlights vibrant color trends, innovative home products from its new brand Oake, and a collaboration with five black fashion visionaries called Icons of Style. Macy’s also partners with Fanatics to enhance its sports merchandise offerings and promotes a new conscious beauty shopping experience. These initiatives aim to boost customer engagement and drive sales this season.
Funko, a leader in pop culture products, announces a collaboration with Macy’s and Lucasfilm to feature a Grogu-themed balloon in the 2021 Macy’s Thanksgiving Day Parade on November 25. This giant balloon, measuring 41-feet high and inspired by Funko's Pop! figure, aims to captivate fans of the Star Wars series. A limited-edition product line will be available for purchase on Funko.com, along with select items at Macy’s Herald Square, generating excitement around the parade and enhancing Funko's market presence.
Macy’s, Inc. (NYSE: M) is set to hold its 95th annual Thanksgiving Day Parade in New York City on November 25, 2021, returning to its traditional format after last year’s television-only event. The parade will feature giant character balloons, floats, marching bands, and celebrities, starting at 9:00 a.m. local time. Health and safety measures will be implemented, including mandatory vaccinations for participants and social distancing protocols. Specific public viewing details will be announced in November.
Macy's (NYSE:M) has partnered with WHP Global to revive the beloved Toys"R"Us brand, allowing customers to shop a wide selection of toys online at macys.com/toysrus and in over 400 Macy's stores starting in 2022. This collaboration aims to enhance Macy's toy offerings, capitalizing on a significant growth in the toy sector. The Toys"R"Us experience will feature age-specific sections and interactive elements in-store, while online shopping will cater to diverse interests and age groups.
Macy’s, Inc. (NYSE: M) reported strong second-quarter 2021 results, with diluted earnings per share reaching $1.08, exceeding expectations. The company raised its fiscal 2021 guidance, projecting net sales of $23.55B - $23.95B and adjusted EPS of $3.41 - $3.75. With $2.1 billion in cash, Macy's reinstated a quarterly dividend of 15 cents per share and authorized a $500 million share repurchase program. The Polaris strategy is yielding positive results, with comparable sales up 61.2% from 2020 and customer engagement improving significantly.
Macy’s today announced the redemption of $1.3 billion in its 8.375% Senior Secured Notes due 2025, set for August 17, 2021. This decision reflects the company's disciplined capital allocation and the resurgence in consumer demand. CFO Adrian Mitchell stated that this redemption enables Macy's to achieve its target leverage ratio and maintain an investment-grade profile by year-end. The company anticipates a pre-tax charge of approximately $185 million in Q3 due to the redemption, but will also realize annualized interest savings of $120 million. These factors are expected to bolster financial stability and shareholder returns.
Macy’s (NYSE: M) will release its Q2 2021 sales and earnings results on August 19, 2021, before market opening. A conference call with financial analysts is scheduled for 8:00 a.m. ET that day, accessible via the company’s website: www.macysinc.com. The call-in number for analysts and investors is 1-800-458-4121, passcode 1495500. A replay will be available approximately two hours post-call. Macy’s operates three retail brands: Macy’s, Bloomingdale’s, and Bluemercury, offering omnichannel shopping.
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