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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.
Barington Capital Group and Thor Equities, shareholders of Macy's (NYSE: M), published a detailed presentation recommending changes to improve shareholder value. The investors highlight that Macy's shares have declined approximately 70% over the past decade despite spending $9.7 billion on capital expenditures.
The investors propose several key changes including: reducing capital expenditures to 1.5-2% of total sales, repurchasing $2-3 billion in stock over three years, creating a separate real estate subsidiary to optimize real estate assets valued at $5-9 billion, and evaluating strategic alternatives for Bloomingdale's and Bluemercury luxury operations.
While supporting the new CEO's 'Bold New Chapter' strategic plan, which includes closing low-productivity stores, the investors believe their recommendations could lead to a 150-200% total return for stockholders over three years.
Macy's (NYSE: M) reported preliminary Q3 2024 results with net sales decreasing 2.4% to $4.742 billion. The company's First 50 locations achieved their third consecutive quarter of positive comparable sales growth, up 1.9%. Bloomingdale's and Bluemercury showed positive performance with comparable sales growth of 3.2% and 3.3% respectively. The company reported asset sale gains of $66 million, ahead of expectations.
However, Macy's delayed its Q3 earnings release due to the discovery of erroneous accounting entries related to delivery expenses, amounting to $132-154 million, made by a single employee from Q4 2021 through Q3 2024. The company expects to report full Q3 2024 results by December 11, 2024.
Macy's has announced its Black Friday and holiday season deals running from November 14 through December 3. The campaign includes Black Friday Now sales and the first-ever Parade of Deals, offering significant discounts across multiple categories including apparel, accessories, home goods, toys, beauty, and tech. Key offerings include 50-65% off select coats, up to 75% off fine jewelry, and substantial discounts on popular brands like Nike, Calvin Klein, and Dyson. Stores will be closed on Thanksgiving but will reopen on November 29 with extended hours from 6:00am to 11:00pm. The company has set shipping deadlines with December 21-22 as cutoff dates for standard and express shipping respectively.
Macy's (NYSE: M) has announced it will release its third quarter 2024 sales and earnings results on Tuesday, November 26, 2024. The company will host a conference call and webcast for financial analysts and investors at 8:00 a.m. EST. CEO Tony Spring and CFO Adrian Mitchell 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, with a replay available afterwards.
Bloomingdale's announces its Wicked Good Holiday campaign in partnership with Universal Pictures' Wicked film. The collaboration launches online November 5 and in-store November 7, featuring an exclusive AQUA collection with 70+ items, a Wicked Good Holiday pop-up shop with over 100 exclusive products from 150 brands, and themed in-store experiences. The iconic 59th Street flagship window unveiling on November 13 will be hosted by film star Cynthia Erivo, featuring performances by Broadway stars. The campaign includes a transformed Santaland, immersive gift shops, brand pop-ups, and nationwide holiday celebrations.
Macy's (M) launches its Holiday 2024 campaign featuring actress Alison Brie as the 'Macy's Gift Guide'. The campaign transforms the traditional gift guide into a dynamic character, with Brie portraying an expert gift curator alongside Matt Bush as her mentee. The campaign will be showcased across TV, digital, and social channels, featuring spots filmed by director Stacy Wall in a stylized 'gift world'. As part of the celebration, Brie will make a special appearance at the 98th Macy's Thanksgiving Day Parade, where she will cut the ribbon to kick off the event on November 28.
Macy's (NYSE: M) has announced its board of directors has declared a quarterly dividend of 17.37 cents per share on the company's common stock. The dividend will be paid on January 2, 2025, to shareholders who are on record as of the close of business on December 13, 2024.
Macy's and Disney have announced a holiday collaboration featuring a -edition Disney assortment and the debut of the Minnie Mouse character balloon at the Macy's Thanksgiving Day Parade®. This partnership celebrates their 90-year relationship, which began with Mickey's first Parade appearance in 1934.
The collection includes fashion-forward apparel, accessories, and collectibles for kids and adults, featuring exclusive Disney artwork by Jeff Shelly. Available on macys.com, Macy's mobile app, and select stores nationwide, the assortment offers over 100 products, including cozy sweats, festive family pajamas, and fashion accessories.
Dedicated Mickey and Minnie Shops will be set up in 200 Macy's stores, including the Herald Square flagship, which will host a special concession stand and interactive AR experience. The collaboration also includes partnerships with brands like BaubleBar, Kate Spade, and Funko for exclusive items.
Bloomingdale's is set to open its fourth Bloomie's store on November 14, 2024 at The Grove Shopping Center in Shrewsbury, New Jersey. This location will be the first Bloomie's to feature an all-women's assortment, including contemporary ready-to-wear, accessories, beauty, and fine jewelry. The store will complement Bloomingdale's existing presence in New Jersey, which includes four full-line shops and three outlet locations.
The Shrewsbury Bloomie's aims to make shopping for sought-after designers more convenient for Central Jersey customers. The store will offer brands such as Mother, Veronica Beard, Rag & Bone, Cinq a Sept, L'Agence, Staud, Tory Burch, Chanel Beauty, Charlotte Tilbury, and Roberto Coin. To celebrate the grand opening, Bloomie's will host events including a winter wonderland and a holiday bash featuring activations, giveaways, and customization opportunities.
Macy's is gearing up for the holiday season with a range of exclusive products, iconic events, and unique shopping experiences. The retailer will introduce 40% new product assortment across categories, featuring a curated list of Top 100 Holiday Gifts. Key highlights include:
- The first-ever Holiday Square by Urbanspace at Macy's Herald Square store in New York, running from November 1st, 2024, to January 3rd, 2025
- The 98th Macy's Thanksgiving Day Parade on November 28th
- Macy's Santaland opening in select stores from November 2nd
- Iconic Holiday Windows displays nationwide
- Partnership with Big Brothers Big Sisters for mentorship and fundraising initiatives
Macy's also offers convenient shopping options like curbside pickup and same-day delivery through DoorDash for select items.