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Macy’S Inc Reports Fourth Quarter And Full-Year 2020 Results
Macy's Inc Sees 2020 Comp Sales For Owned + Licensed Down Low To Mid 20'S For The Fall Season
Macy's, Inc. Reports Third Quarter 2020 Results
Macy's, Inc. is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy's, Bloomingdale's and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods. Its subsidiaries provide various support functions to its retail operations. Its bank subsidiary, FDS Bank, provides credit processing, certain collections, customer service and credit marketing services in respect of all credit card accounts that are owned either by Department Stores National Bank (DSNB), which is a subsidiary of Citibank N.A., or FDS Bank. The private label brands offered by the Company include Alfani, American Rag, Aqua, Bar III, Belgique, Charter Club, Club Room, Epic Threads, first impressions, Giani Bernini, Greg Norman for Tasso Elba, Holiday Lane, Home Design, Hotel Collection, John Ashford, Karen Scott, Thalia Sodi and lune+aster.
Retail (Department & Discount)
151 WEST 34TH STREET
NEW YORK, NY
Chairman of the Board, Chief Executive Officer
Adrian V. Mitchell
Chief Financial Officer
John T. Harper
Chief Operating Officer, Executive Vice President
Danielle L. Kirgan
Chief Human Resource Officer, Executive Vice President
Executive Vice President, Chief Legal Officer and Secretary
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Macy's Inc forecast 2021 sales largely above Wall Street estimates on Tuesday with major gains expected in the back half of the year as the retailer bets on its growing online business and the return of customers to its department stores when COVID-19 vaccinations curb the...
Macy's Inc holiday quarter same-store sales fell 17%, the department store chain reported on Tuesday, as a surge in online sales failed to offset the blow from fewer customers visiting stores due to the pandemic.
Department store operator Macy's Inc said on Tuesday it would close about 45 stores this year as part of its three-year plan to lower store count in order to focus on its more productive outlets.
Americans marked a muted Thanksgiving Day holiday on Thursday, sometimes seeing family only by video after political leaders discouraged travel or large gatherings in the face of the surging coronavirus pandemic.
Americans awoke on Thursday to celebrate a Thanksgiving Day transformed by the coronavirus pandemic, with the Macy's parade limited to a television-only event and many families resigned to meeting on video for turkey dinner.
(This Nov. 20 story corrects name of shopping mall to 'Mayfair' in second paragraph)
Macy's Inc <M.N> reported a more than 20% drop in quarterly comparable sales on Thursday and said it expects declines of that magnitude to continue in the fall, signaling a tough holiday season for the coronavirus-battered department store chain.
Macy's Inc beat quarterly sales estimates on Thursday, as a sustained shift to online shopping from stuck-at-home consumers signaled healthy demand ahead of the crucial holiday season.
Macy's Inc <M.N> said on Wednesday Adrian Mitchell, a managing director at Boston Consulting Group, will take over as the department store operator's chief financial officer in November.
Macy's Inc said on Wednesday Adrian Mitchell, a managing director at Boston Consulting Group, will take over as the department store operator's chief financial officer in November.
Macy's, the largest U.S. department store operator, has signed a deal to invest in Swedish payments group Klarna, joining investors including rapper Snoop Dogg and BlackRock in betting on the "buy now, pay later" online payments market.
The coronavirus pandemic is transforming this year's Macy's Thanksgiving Day Parade into a television-only spectacle, New York City said on Monday, with the traditional giant character balloons pulled by vehicles rather than humans and absolutely no children allowed.
Macy's Inc's iconic Thanksgiving Day Parade will shift to a television-only special presentation, the company and the City of New York said on Monday.
Macy's Inc agreed to pay $1.8 million and change its screening policies to settle a lawsuit claiming it illegally required New York City job applicants to undergo criminal background checks, disproportionately affecting Black and Hispanic people.
Macy's Inc <M.N> will drastically change how it does business this holiday season, executives said on Wednesday, placing a sharper focus on online sales and promoting more beauty and home items to shoppers opting to stay home due to the COVID-19 health crisis.
Macy's Inc reported better-than-expected quarterly sales on Wednesday, as shoppers stuck indoors due to the COVID-19 pandemic bought more apparel using the department store chain's app and website.
Macy's Inc reported a staggering $3.58 billion quarterly loss on Wednesday as coronavirus-related store shutdowns resulted in a $3 billion impairment charge.
Macy's Inc on Wednesday reported a $3.58 billion loss in the coronavirus-hit quarter, mainly due to goodwill and asset impairment charges of $3.1 billion, as its stores remained shut due to COVID-19 lockdowns.
Macy's Inc <M.N> said on Thursday it would lay off about 3,900 employees in corporate and management positions as U.S. businesses try to save cash in the face of dwindling demand caused by the COVID-19 pandemic.
Macy's Inc said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen some of the financial strain of dwindling sales due to the COVID-19 pandemic.
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