Macys Inc Stock Price, News & Analysis

Macy’s, Inc. (NYSE: M) has appointed Xingchu Liu as senior vice president of enterprise data & analytics, effective February 15, 2021. In this role, Liu will lead the enterprise data & analytics team, focusing on analytics governance, data management, and activation. This initiative aims to enhance decision-making and operational efficiency across the organization. Liu brings valuable experience from The Home Depot and holds a PhD in Industrial Engineering and Operations Research from Texas A&M University. The new position aligns with Macy’s strategy to leverage data for building customer relationships and driving business growth.

Macy’s (NYSE: M) will report its fourth quarter and full-year 2020 results on February 23, 2021, before the market opens. The management will also update its Polaris strategy during the 90-minute call scheduled for 8:00 a.m. ET that day, accessible via the company’s website. Analysts and investors can participate by calling 1-800-458-4121 with the passcode 4263363. A replay will be available two hours post-call. Macy’s, Inc. is a leading omni-channel fashion retailer in the U.S., comprising Macy’s, Bloomingdale’s, and Bluemercury.

Macy’s has appointed Nata Dvir as the new chief merchandising officer of the Macy’s brand, effective February 1, 2021. Dvir, currently the senior vice president and general business manager for Beauty and Center Core merchandise, will oversee all merchandising categories and private brands. She succeeds Patti Ongman, who is retiring. Dvir has a history of leadership within Macy’s, transforming the cosmetics sector and enhancing the customer experience. This strategic leadership change aims to support Macy’s merchandising transformation and boost overall customer engagement.

Macy's (NYSE:M) is ready for last-minute shoppers this holiday season, offering unique gifts across various price points available on their website and in stores. Same-day delivery via DoorDash is available for $5 until December 23, and contactless curbside pickup is offered through December 24. The store has enhanced safety measures, including increased cleaning and social distancing protocols. Macy's features a wide range of products from toys to subscription boxes, ensuring customers find the perfect gift. Visit macys.com for curated lists and gift guides.

Macy’s, Inc. (NYSE:M) appointed Malek Robert Amirshahi as the new senior vice president of corporate communications, effective December 7, 2020. Amirshahi will oversee internal and external communications, as well as initiatives related to company culture and transformation. He previously served at Univision Communications and has over 20 years of experience in media and telecommunications. He succeeds Cheryl Heinonen, who is leaving after the holiday season. Macy’s reported $24.6 billion in sales for fiscal 2019 and is known for its omni-channel retail approach.

Macy's Thanksgiving Day Parade, celebrating nearly 100 years, returns on November 26 as a reimagined television event to bring holiday magic home. The 94th edition will feature traditional elements like giant balloons and celebrity performances from pop to Broadway. This year, safety protocols will eliminate the typical parade route, showcasing the event over several days and emphasizing social distancing. Major artists and cultural performances will lift spirits during this challenging time, ensuring viewers enjoy a spectacular celebration from the comfort of their homes.

Macy’s, Inc. (NYSE: M) reported a challenging third quarter of 2020, with net sales at $3.99 billion, down from $5.17 billion in 2019. The company posted a net loss of $91 million, translating to a diluted loss per share of $(0.29). Despite these figures, digital sales surged by 27% compared to the previous year, accounting for 38% of total sales. Improved gross margins at 35.6% and a strong liquidity position with $1.6 billion in cash were notable highlights. However, comparable sales decreased by 21%, reflecting ongoing recovery efforts amid COVID-19 disruptions.

Macy’s, Inc. (NYSE:M) is set to release its third quarter 2020 sales and earnings on November 19, 2020, before the market opens. A live webcast will occur at 8:00 a.m. ET, accessible via the company's website. Interested parties can dial in at 1-888-394-8218, using passcode 9984154. Following the call, a replay will be available two hours later. Macy's reported fiscal 2019 sales of $24.6 billion and operates under three brands: Macy’s, Bloomingdale’s, and Bluemercury.