Macy's is a leading retail company that operates a chain of department stores across the United States, offering a wide variety of products including clothing, accessories, home goods, and beauty products. The company is known for its extensive selection of both national and private label brands, catering to diverse customer preferences. Macy's emphasizes customer experience through in-store shopping, online retail services, and various promotional events. With a legacy of innovation in retailing, it also engages in various community and cultural initiatives, further enhancing its brand presence and commitment to social responsibility. Read More
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Macy's announced a shakeup of its executive leadership team to further advance the company's "Bold New Chapter" strategy designed to return the company to long-term profitable growth.
Macy’s, Inc. (NYSE: M) today announced the evolution of its executive leadership team and structure to further advance the company’s “Bold New Chapter” strategy that is designed to return the company to long-term profitable growth.
Macy’s has acquired an exclusive option, in a competitive bidding situation, to The New York Times and USA Today best-selling novel, When Women Ran Fifth Avenue: Glamour and Power at the Dawn of American Fashion, by award-winning author and journalist Julie Satow. Under the deal, led by Macy’s chief marketing officer Sharon Otterman, the non-fiction portrait of American department stores, will be exclusively developed into a fictionalized television series project. Macy's is currently in the process of securing a showrunner and attaching talent for the lead roles.
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Macy's announces the launch of Arch Studio, a new private brand for accessible home essentials, making it easy for customers to outfit their entire home. Arch Studio offers a curated range of pieces for today’s home across bath and bedding products, kitchenware and dinnerware. Arch Studio is now available on Macy’s mobile app, macys.com and in stores nationwide.
Good American, global brand co-founded by Khloé Kardashian and Emma Grede, and known for its innovative and inclusive approach to denim, launches at Macy’s in 36 doors for the Spring 2025 season and will expand to a total of 79 doors starting in the Fall 2025. This partnership with Macy’s is a significant moment for the brand, expanding its reach to millions of new customers across the country and enhancing accessibility to Good American’s premium denim and wardrobe essentials. Macy’s footprint nationwide offers the perfect platform for Good American to further solidify its presence in the retail space and continue its growth plans.
The SPDR S&P Retail ETF (NYSE: XRT) is trading lower Tuesday as retail and apparel stocks fall following weak consumer spending data and poor earnings reports.
J.P. Morgan analyst Matthew R. Boss downgraded Macy's Inc. (NYSE: M) to Neutral, lowering the price target from $19 to $14. Despite a strong Q4 performance, the company's FY25 outlook sees a decline in same-store sales and an uncertain macroeconomic environment, prompting long-term risks with increased store closures and reduced growth expectations.
Department store chain Macy’s (NYSE:M) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 4.4% year on year to $8.01 billion. On the other hand, the company’s full-year revenue guidance of $21.2 billion at the midpoint came in 0.7% below analysts’ estimates. Its non-GAAP profit of $1.80 per share was 16.7% above analysts’ consensus estimates.
