About M
Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in Ju... [Read more]
Industry Department Stores
Sector Consumer Discretionary
Founded 1830
Employees 85,581
Stock Exchange NYSE
Ticker Symbol M
Full Company Profile
Financial Performance
In 2023, Macy's's revenue was $23.87 billion, a decrease of -6.22% compared to the previous year's $25.45 billion. Earnings were $105.00 million, a decrease of -91.08%.
Financial Statements
Analyst Forecast
According to 10 analysts, the average rating for M stock is "Hold." The 12-month stock price forecast is $17.4, which is a decrease of -8.03% from the latest price.
Price Target
$17.4
(-8.03% downside)
Analyst Consensus: Hold
Stock Forecasts
News
Macy's proxy fight is over, but the battle for the department store's future wages on
CEO Tony Spring is on the clock to execute a turnaround vision with potential buyers pressing ahead with a bid to take Macy's private.
4 days ago - CNBC
Final Trade: BA, JPM, KBW & M
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Other symbols: BAJPMKBWB
6 days ago - CNBC Television
Macy's Appoints Activist Investor Board Picks, Ending Proxy Fight
Macy's (M) on Wednesday ended a proxy fight by agreeing to calls for a board shakeup by activist investor Arkhouse Management.
7 days ago - Investopedia
Macy's Appoints Two New Directors, Continues Talks With Arkhouse & Brigade
Macy's appointed today two new independent directors Richard (Ric) Clark and Richard (Rick) Markee. It is not clear who nominated the directors.
7 days ago - Forbes
Macy'sadds 2 new directors to board, ending fight with activist investors
The retailer also said it continues to engage with Arkhouse and Brigade Capital Management over their revised buyout proposal.
7 days ago - New York Post
Department stores face another squeeze. This time, in store credit card revenue
Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pressure.
Other symbols: GPSJWNKSSTGT
7 days ago - CNBC
Macy's just moved closer to going private: find out more
Macy's Inc (NYSE: M) is trending down at writing after announcing to have settled its proxy fight with Arkhouse Management. Here's what it means for $M The department store chain has agreed to add two...
7 days ago - Invezz
Macy's Names Two Arkhouse Nominees to Board
Investment firm Arkhouse Management ended its proxy contest against Macy's, and withdrew its seven other director candidates.
7 days ago - Barrons
Macy's Appoints Two Arkhouse Candidates to Board, Reaches Settlement
Macy's appointed two new independent directors to its board, prompting Arkhouse Management to withdraw its nominations though talks continue about a potential acquisition.
7 days ago - WSJ
Macy's appoints two new directors; ends proxy contest with Arkhouse
Macy's on Wednesday named two new independent directors to its board effective immediately, ending a proxy contest with activist investor Arkhouse Management.
7 days ago - Reuters
Macy's settles proxy fight with activist Arkhouse, adds two directors
Macy's settles proxy fight with activist Arkhouse, adds two directors
7 days ago - CNBC
Macy's to add two Arkhouse nominees to board as firm ends its proxy contest
Macy's Inc. M, +0.72% said Wednesday it's adding two independent directors to its board with immediate effect following engagement with private-equity firm Arkhouse Management Co. LP and making other ...
7 days ago - Market Watch
Arkhouse Issues Statement on Settlement with Macy's
NEW YORK--(BUSINESS WIRE)--Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), which owns a significant stake in Macy's, Inc. (“Macy's” or the “Company”) (NYSE: M), to...
7 days ago - Business Wire
Macy's, Inc. Appoints Richard Clark and Richard L. Markee to Board of Directors
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced the appointment of two new independent directors, Richard (Ric) Clark and Richard (Rick) L. Markee, to its Board of Directors (the “Bo...
7 days ago - Business Wire
Macy's shutdowns: How other retail competitors are smelling opportunity
Corey Tarlowe, Jefferies equity analyst, joins 'The Exchange' with CNBC's Melissa Repko to discuss how consumer habits benefit certain retailers, why some retailers are closing stores while others rep...
15 days ago - CNBC Television
Macy's hasn't closed its stores yet. But Target, Kohl's CEOs already smell opportunity
Macy's closures of about 150 stores could put up to $2 billion in annual sales up for grabs for other retailers.
Other symbols: KSSTJXTGT
16 days ago - CNBC
How Will Macy's Survive - A Sign Of Hard Times For Department Stores
Let's be frank. Department stores are a wonderful creation of the last century.
16 days ago - Forbes
Retail expert: Discount stores are thriving amid inflation
While consumer spending has remained relatively strong through inflation, retailers have struggled to stay relevant, with Macy's (M) announcing it will shutter 150 locations. Discount retailers like T...
Other symbols: JWNKSSTJX
17 days ago - Yahoo Finance
Season of change for retailers? Former J. Crew CEO Mickey Drexler on the state of retail
Mickey Drexler, Alex Mill chairman and former J.Crew CEO and chairman, joins 'Squawk Box' to discuss the state of retail, why some brands are offering steeper discounts online than in-store, state of ...
Other symbols: GPSJWNTJX
20 days ago - CNBC Television
Final Trades: JNJ, M, IYH & CLF
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Other symbols: JNJCLFIYH
20 days ago - CNBC Television
Biden's late-fee crackdown is a blow to department stores. Shoppers should beware of what comes next.
Some of the biggest clothing and department-store chains rely on their own private-label credit cards to cushion their bottom lines. Those cards, often laden with incentives, keep shoppers coming back...
Other symbols: GPSJWNKSSLOWROSTSYFTJX
21 days ago - Market Watch
TD SYNNEX Reports Fiscal 2024 First Quarter Results; Announces New $2B Share Repurchase Authorization
FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal first quarter ended February 29, 2024. Consolidated Financial Highlights for...
Other symbols: SNX
22 days ago - Business Wire
Macy's, Nordstrom Eye Private Ownership While Adapting to Retail Market
The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy's consider a shift toward private-equity or hedge-fund ownership. These poten...
Other symbols: JWN
4 weeks ago - PYMNTS
Nordstrom, Macy's deals could put private ownership back in vogue for US retailers
America's biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the retail landscape in the United States.
Other symbols: JWN
4 weeks ago - Reuters
Exclusive: Macy's opens its books in company sale talks, sources say
Macy's Inc has agreed to open its books to Arkhouse and Brigade Capital, people familiar with the matter said, a potential breakthrough in the investment firms' $6.6 billion bid to take the U.S. depar...
4 weeks ago - Reuters