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) remains a cornerstone of American retail with its iconic department stores and evolving digital strategy. This news hub provides investors with centralized access to official announcements, financial disclosures, and market analyses related to the company's operations across its Macy's, Bloomingdale's, and Bluemercury brands.
Our curated collection enables efficient tracking of quarterly earnings reports, strategic partnerships, and leadership developments that impact Macy's market position. Users will find timely updates on store optimization initiatives, e-commerce enhancements, and brand collaborations that drive the company's multi-channel retail approach.
The repository includes verified press releases covering financial results, merchandising innovations, and corporate governance updates. For comprehensive market understanding, we aggregate coverage of Macy's responses to retail industry trends and consumer behavior shifts.
Bookmark this page for direct access to unfiltered operational updates from one of retail's most historic brands. Check regularly for new developments affecting Macy's competitive positioning in the evolving department store sector.
Macy's, Inc. (NYSE: M) has announced plans to hire over 31,500 seasonal positions for the upcoming holiday season across its Macy's, Bloomingdale's, and Bluemercury stores and distribution centers. The company is offering an efficient online application process and will hold four nationwide in-person holiday hiring events. Key hiring dates are September 26, October 24, November 21, and December 4.
Seasonal positions are available nationwide, with greater opportunities in specific markets for each brand. Macy's, Inc. emphasizes its culture of trusting relationships, colleague development, and comprehensive total rewards package. Benefits include employee discounts, earned wage access, an Employee Assistance Program, and the North Star Relief Fund for colleagues facing hardships.
Macy's, Inc. (NYSE:M) announced the early tender results of its cash tender offer for up to $220 million of various senior notes and debentures. The offer, conducted by its subsidiary Macy's Retail Holdings, , received significant participation across multiple series of notes. Key points include:
- The 6.79% Senior Debentures due 2027, 7.00% Senior Debentures due 2028, 6.70% Senior Exchanged Debentures due 2028, 6.70% Senior Debentures due 2028, and 6.90% Senior Debentures due 2029 were fully accepted.
- $173,646,000 of the 5.875% Senior Notes due 2029 were accepted with a 59.5% proration factor.
- No notes tendered after the Early Tender Date will be accepted due to oversubscription.
The early settlement date is set for September 19, 2024. Macy's will use cash on hand to fund the purchase and related expenses.
Macy's has launched Mode of One, a new contemporary menswear brand designed to celebrate individuality and style expression. The collection, now available on Macys.com, the Macy's mobile app, and in stores nationwide, features high-quality essentials and statement-making designs with a focus on fit and proportions.
The brand is part of Macy's ongoing private brands reimagination, developed over two years with extensive research on men's trends and style preferences. Mode of One offers multiple fits and silhouettes, catering to various occasions and bold style preferences. The inaugural collection features over 140 SKUs, priced from $24.50 to $159.50, with sizes ranging from S-XXL and 30-40.
New York Knicks stars Jalen Brunson and Josh Hart lead as brand ambassadors, alongside other influencers in a social-first campaign. New monthly drops will be available starting in October and throughout the holiday season.
Macy's, Inc. (NYSE:M) has announced a cash tender offer through its subsidiary, Macy's Retail Holdings, , to purchase up to $220 million of outstanding notes. The offer covers seven series of notes with varying interest rates and maturities. The tender offer prioritizes notes based on an acceptance priority level, with level 1 having the highest priority.
Key points:
- Early Tender Date: September 17, 2024, 5:00 p.m. ET
- Expiration Date: October 2, 2024, 5:00 p.m. ET
- Expected Early Settlement Date: September 19, 2024
- Expected Final Settlement Date: October 4, 2024
The offer includes an Early Tender Premium of $30 per $1,000 principal amount for notes tendered before the Early Tender Date. The company will also pay accrued and unpaid interest on accepted notes.
Macy's (NYSE: M) board of directors has declared a regular quarterly dividend of 17.37 cents per share on the company's common stock. The dividend is payable on October 1, 2024, to shareholders of record at the close of business on September 13, 2024. This announcement demonstrates Macy's commitment to returning value to its shareholders through consistent dividend payments.
Macy's (NYSE: M) has announced that Tony Spring, chairman and CEO, and Adrian Mitchell, COO and CFO, will participate in a fireside chat at the Goldman Sachs 31st Annual Global Retailing Conference. The event is scheduled for Thursday, September 5, 2024, at 8:15 a.m. EDT.
A live webcast of the fireside chat will be available on the investor relations section of the Macy's website at www.macysinc.com/investors. For those unable to attend or watch live, a recording of the webcast will be made available on the same website after the event concludes.
Macy's, Inc. (NYSE: M) reported second quarter 2024 results, with GAAP EPS and Adjusted Diluted EPS of $0.53, exceeding outlook. The company achieved a gross margin rate of 40.5%, better than expected. Net sales decreased 3.8% to $4.9 billion, with comparable sales down 4.0% on an owned basis. Notably, Macy's First 50 locations achieved a second consecutive quarter of positive comparable sales.
The company updated its 2024 guidance, projecting net sales between $22.1 billion to $22.4 billion, and reaffirming its Adjusted diluted EPS outlook of $2.55 - $2.90. Macy's continues to view 2024 as a transition and investment year, focusing on enhancing gross margin and exercising expense control while navigating ongoing macro headwinds.
Bloomingdale's launches From Italy, With Love, a two-month retail event starting September 5, 2024. This initiative brings the best of Italian fashion, design, cuisine, and culture to the U.S., featuring:
- Over 300 exclusive products from 150+ partners
- Introduction of 30+ new brands
- edition collaborations across apparel, fine jewelry, accessories, beauty, and home
- Partnership with Salone del Mobile.Milano for Italian design exhibition
- Exclusive U.S. collaborations like AC Milano x Off White and Rag & Bone x Lucali
- Il Mercato, a shoppable Italian marketplace at 59th Street flagship
- Immersive events, installations, and pop-ups throughout September and October
The campaign aims to create a unique celebration of Italian culture, offering customers an unparalleled shopping experience both in-store and online.
Rebag, a leading luxury resale platform, has announced a strategic partnership with Bloomingdale's to expand access to the luxury resale market. This collaboration aims to promote sustainability and circularity while offering a curated selection of over 2,500 designer handbags, watches, and fine jewelry online at Bloomingdales.com and over 500 items in five select Bloomingdale's stores nationwide.
The partnership includes custom-designed Rebag concessions in key Bloomingdale's stores, featuring pre-owned luxury items for purchase. Customers can also receive offers for select items they wish to sell, utilizing Rebag's proprietary AI tool, CLAIR. This collaboration bridges the gap between new and pre-owned luxury markets, focusing on ultra high-end pieces and integrating Rebag's buying and selling experience into Bloomingdale's customer journey.
Macy's, Inc. (NYSE: M) has announced that it will release its second quarter 2024 financial results on Wednesday, August 21, 2024. The company will host a conference call and webcast for financial analysts and investors at 8:00 a.m. EDT on the same day. Tony Spring, Chairman and CEO, and Adrian Mitchell, COO and CFO, will lead the call. The public and media can access the live webcast and presentation through Macy's website. Analysts and investors can participate by calling 1-877-407-0832. A replay will be available on the company's website or by calling 1-877-660-6853 with passcode 13747963 approximately two hours after the call concludes.
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