Macys Inc Stock Price, News & Analysis

Macy's (M) has secured exclusive rights to adapt Julie Satow's bestselling novel 'When Women Ran Fifth Avenue' into a television series. The non-fiction book chronicles the pioneering women who shaped iconic American department stores, including Margaret Getchell, a transformative Macy's executive from the 19th century.

The deal, led by Macy's CMO Sharon Otterman, was acquired through competitive bidding. The company is currently seeking a showrunner and casting for lead roles. This entertainment venture builds upon Macy's established success in content creation, highlighted by their Thanksgiving Day Parade and 4th of July Fireworks, which achieved record viewership in 2024 with 31.7 million and 7.6 million viewers respectively.

Additionally, Macy's has secured a new 10-year rights agreement with NBCUniversal for broadcasting these flagship events across NBC, Peacock, and Telemundo platforms, demonstrating their commitment to expanding their entertainment portfolio.

Macy's (M) has launched Arch Studio, a new private brand focused on accessible home essentials, now available on Macy's mobile app, website, and stores nationwide. The brand offers a comprehensive range of home products including bath, bedding, kitchenware, and dinnerware.

The launch follows three years of research involving thousands of customers to create a brand that simplifies home self-expression. Arch Studio's collection features stackable dishes, glassware, and cookware, utilizing materials like glass, bamboo, and stainless steel. The brand emphasizes everyday ease, foundational design, and approachable style, allowing customers to mix and match items while maintaining quality at accessible price points.

Good American, the inclusive fashion brand co-founded by Khloé Kardashian and Emma Grede, announces its launch at Macy's (M) starting Spring 2025. The initial rollout will cover 36 locations, expanding to 79 stores by Fall 2025. The partnership marks a significant retail expansion, making the brand's premium denim and wardrobe essentials accessible to millions of new customers nationwide.

The collection at Macy's will feature denim and ready-to-wear pieces, including key styles like Good Legs Straight Denim, Good Waist Palazzo Crop Denim, and Scuba Tee Bodysuits. The brand offers sizes ranging from 00 to 5XL, emphasizing its commitment to size inclusivity and quality. Customers can shop the collection through Macy's mobile app, macys.com, or in select stores nationwide.

Macy's Inc. (NYSE: M) reported mixed Q4 and fiscal year 2024 results, with Q4 net sales declining 4.3% to $7.8 billion. The company achieved Q4 GAAP diluted EPS of $1.21 and adjusted EPS of $1.80, exceeding guidance.

Key highlights include:

• Q4 comparable sales down 1.1% on owned basis, but up 0.2% on owned-plus-licensed-plus-marketplace basis
• Bloomingdale's showed strong performance with 4.8% owned comparable sales growth
• Bluemercury reported 16th consecutive quarter of growth, up 6.2%
• Cash position strengthened to $1.3 billion, up $272 million year-over-year
• Generated $1.3 billion operating cash flow and $679 million free cash flow

The company announced plans to resume share buybacks under the remaining $1.4 billion authorization. Macy's First 50 locations delivered their fourth consecutive quarter of growth, while luxury nameplates Bloomingdale's and Bluemercury achieved accelerated annual sales growth.

Macy's (NYSE: M) has announced a quarterly dividend increase of 5%, setting the new dividend at 18.24 cents per share on its common stock. The dividend will be paid on April 1, 2025, to shareholders who are on record as of March 14, 2025. This decision was approved by Macy's board of directors, demonstrating the company's commitment to returning value to shareholders.

Macy's has signed a new 10-year rights deal with NBCUniversal for the Macy's Thanksgiving Day Parade and Macy's 4th of July Fireworks, significantly expanding their long-standing relationship. The agreement includes broadcast and streaming rights on NBC, Peacock, and Telemundo, plus a Parade-eve special and a new program to be announced later.

This partnership aims to unlock content opportunities and continue the exponential growth Macy's has experienced recently. The 2024 Macy's Parade reached 31.7 million viewers on NBC and Peacock, an 11% increase from 2023, making it the most-watched Parade ever and the #1 program of the holiday season. Meanwhile, the 48th Macy's 4th of July Fireworks drew 7.6 million viewers in 2024, marking three consecutive years of growth.

Both iconic celebrations will mark significant milestones in 2026, with the Thanksgiving Day Parade celebrating its 100th march and the 4th of July Fireworks reaching its 50th anniversary.

Macy's (NYSE: M) has announced it will release its fourth quarter and fiscal year 2024 financial results on Thursday, March 6, 2025. The company will host an earnings call and webcast at 8:00 a.m. ET, led by Chairman and CEO Tony Spring alongside COO and CFO Adrian Mitchell.

The earnings call will be accessible to financial analysts and investors through a dial-in number (1-877-407-0832), while the general public and media can access the live webcast and presentation materials through the company's website. A replay will be available on the website or via phone (1-877-660-6853) using passcode 13751434.

Macy's marks the 25th anniversary of its prestigious Hotel Collection, a premium lifestyle brand specializing in bedding and bath products. To commemorate this milestone, the company has unveiled a -edition capsule featuring 'Made in Italy' bedding and Turkish cotton bath collections, available through Macy's mobile app, website, and physical stores.

The Hotel Collection has maintained its reputation for exceptional craftsmanship and sophisticated style since its inception, bringing luxury hotel experiences into customers' homes. As part of Macy's Bold New Chapter strategy, the brand has been reimagined with a modernized aesthetic while maintaining its focus on premium quality.

The anniversary collection showcases high-end materials sourced globally, including Italian percale sheets and Turkish towels. The designs feature a blend of muted hues, subtle finishes, and sophisticated motifs, offering both classic and contemporary prints. The celebration will continue throughout the year with special European-made designs, including the Interlace Jacquard and Positano Matelassé Collection.

Macy's (NYSE: M) has appointed Barbie Cameron as Chief Stores Officer, effective February 16. Cameron, who previously served as senior vice president and regional director of stores, East Region, and interim Chief Stores Officer since August, will report to Adrian Mitchell, Chief Operating Officer and Chief Financial Officer.

In her new role, Cameron will lead store operations across Macy's nameplate, including flagships, small format stores, and call center operations. She will focus on modernizing Macy's, improving shopping environments, and enhancing customer and colleague experience as part of the company's Bold New Chapter strategy, a three-year plan for sustainable profitable growth.

Cameron brings 37 years of experience at Macy's, starting as a sales manager and advancing through various leadership positions in merchandising execution and buying. She was named senior vice president and regional director, East Region in 2020.