Macy's

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in New York, NY.

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Macy's reports 15% revenue growth, cautious about consumer trends

Macy's is navigating through uncertain periods, maintaining a focus on customer service and business improvement. The company used a scientific approach to guide their second quarter and full-year projections, considering one-year CAGR, two-year CAGR, and 2019 data.

Macy's reports Q2 sales decline, focuses on strategic growth initiatives

Macy's Q2 performance saw declines in net sales but emphasized strategic initiatives for revenue growth and agility in inventory management. Challenges in achieving profitability were acknowledged, but opportunities in cost savings and small-format stores were highlighted.

Macy's reports Q3 decline, highlights strengths and growth opportunities

Macy's Q3 2023 earnings call revealed a decline in net sales, with notable strengths in specific categories and a focus on growth opportunities through strategic initiatives. The company also addressed challenges and provided insights into its future outlook and leadership transition.

Macy's reports solid Q4 earnings, focuses on growth strategies

Macy's navigated challenges in Q3 and Q4, learning from gifting success and focusing on long-term growth drivers.
Strategic investments in private brands, off-mall stores, and marketplace expansion position Macy's for future success.
Despite macro pressures and consumer dynamics, Macy's remains committed to sustainable growth through margin expansion.
Digital capabilities and personalized pricing initiatives are key focus areas for Macy's to drive growth and enhance customer experience.

Macy's Q1 2024: Sales Challenges Amid Resilience and Growth Focus

Macy's Q1 2024 faced challenges from macro headwinds and consumer behavior shifts, impacting sales but showing resilience in certain categories.
Efforts to manage inventory, improve margins, and focus on growth vectors like private brands and omnichannel experiences are key strengths.
Opportunities in promotions, merchandise margins, and attracting younger customers through digital strategies are on the horizon.
Despite challenges, Macy's remains cautiously optimistic, prepared for market uncertainties, and focused on strategic growth initiatives.

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Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland H. Macy in 1858 and is headquartered in New York, NY.

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NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced that Michael Krans joined the company as its vice president, Macy's Media Network. In this role, Krans oversees the company's in-house media publisher dedicated to connecting advertising partners with Macy's and Bloomingdale's engaged and loyal customers. Krans reports to Max Magni, chief customer and digital officer, Macy's, Inc. “We're excited to welcome Michael to Macy's, Inc. He takes the reins of our growing retail media net.

Macy's, Inc. Names Michael Krans Vice President, Macy's Media Network

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Arkhouse Management and Brigade Capital Management sent a bigger buyout offer to Macy's over the weekend — to the tune of $24 per share they don't own. Their prior one was $21.

Macy's gets another, bigger bid from Arkhouse, Brigade Capital

Private equity firms Arkhouse Management and asset manager Brigade Capital Management have been trying to buy Macy's for the last three months. Now they're trying even harder -- and raising their offer price by 14%.

Why Macy's Stock Is Having a Parade Today

Macy's shares jumped 16% before the bell on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private bid over the weekend, valuing the U.S. department store operator at $6.58 billion.

Macy's announced 150 closures. Now investors are circling to take it private with a $6.58 billion valuation

Late this Sunday night Arkhouse and Brigade Capital raised their offer to acquire Macy's to $24.00 per share, up from their previous offer of $21.00 per share.

Macy's Under Attack – Arkhouse And Brigade Capital Increase Offer

Macy's Inc (NYSE:M) is 16.1% higher at $20.92 this morning, after Arkhouse Management revised its buyout offer.

Macy's Stock Rises on Revised Buyout Offer

Department store chain Macy's (NYSE: M ) stock rose 15% over the weekend after an investor group raised their bid for the company to $6.6 billion. The potential buyers bid $5.8 billion for the company last December but were turned down by the board.

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Macy's surges after investor group sweetens take-private bid to $6.6 bln

Macy's, Inc. (NYSE:M) has received a $6.6 billion takeover offer from a consortium of hedge fund firms, whose previous bid was turned down earlier this year. Arkhouse Management and Brigade Capital Management, now working with Fortress Investment Group and One Investment Management, have bumped up their offer for the department store operator by around $800 million from the $5.8 billion bid made in December, which Macy's rejected in January.

Macy's leaps as hedge funds hike takeover offer

The investor group shopping for Macy's are willing to pay a chunk more to secure the purchase of the department store chain.

Macy's Stock Rises as Investor Group Raises Buyout Bid. How the Battle's Playing Out.

Arkhouse Management, a real-estate-focused investing firm said on Sunday it and Brigade Capital Management have raised their offer for Macy's after the department store chain rebuffed their prior proposal as too low.

Arkhouse, Brigade raise Macy's buyout bid to $6.6B

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today confirmed that it has received a revised, unsolicited, non-binding proposal from Arkhouse Management Co. LP (“Arkhouse”) and Brigade Capital Management, LP (“Brigade”) to acquire all of the outstanding shares of the Company for $24.00 per share in cash. The Macy's, Inc. Board will carefully review and evaluate the latest proposal consistent with the Board's fiduciary duties and in consultation with its financial and legal advisors. The Mac.

Macy's, Inc. Confirms Receipt of Revised, Unsolicited, Non-Binding Proposal from Arkhouse and Brigade

NEW YORK--(BUSINESS WIRE)--Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), today announced it has submitted an increased all-cash proposal to acquire Macy's (“Macy's”, or the “Company”) (NYSE: M) for $24.00 per share along with its partner, Brigade Capital Management (“Brigade”). Arkhouse and Brigade have also disclosed additional information about their financing, including identifying Fortress Investment Group LLC (“Fortress”) and One Investment Management.

Arkhouse and Brigade Capital Increase Offer to Acquire Macy's to $24.00 Per Share

An investor group seeking to buy Macy's is raising its offer by nearly $1 billion after the department store chain rebuffed its prior proposal as too low, the Wall Street Journal reported on Sunday.

Investors raise Macy's buyout bid - WSJ

Arkhouse and Brigade are now offering $24 a share, up from $21.

Investors Raise Macy's Buyout Bid

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Macy's (M) Q4 results show resilience with strategic adjustments despite a sales decline. The company is well-positioned for growth and long-term profitability.

Macy's (M) Q4 Earnings Beat Estimates, Comp Sales Decline Y/Y

Macy's could potentially shutter the Macy's department store it operates in San Francisco's Union Square area, according to local media reports.

Macy's flagship store in San Francisco's Union Square faces chopping block: reports

Macy's is evaluating closing its San Francisco Union Square flagship, weighing the real estate value of the property against the potential for future sales growth at the store, a person familiar with the matter told Reuters.

Macy's mulls closing San Francisco flagship amid plans to shutter 150 stores

Iconic department-store chain Macy's today announced that it is preparing to close 150 stores after a disappointing holiday quarter that saw sales fall almost 2%. The announcement of the store closures is part of a turnaround plan that the company says is “a bold new chapter” in its history.

News for Macy's Stock (M)