by Mike Duff | Jun 1, 2023 | Featured News, Retail Articles
Softening demand hurt Macy’s first quarter as conversion rate suffered, but key home categories experienced a rebound. Net income was $155 million, or 56 cents per diluted share, versus $286 million, or 98 cents per diluted share, in the year-prior quarter, the...
by Mike Duff | Mar 29, 2023 | Featured News, Retail Articles
After 40 years with the company, Macy’s chairman and CEO Jeff Gennette has announced plans to retire in February 2024, in a move that will trigger a succession plan that will make Tony Spring, now executive vice president and Bloomingdale’s chairman and CEO, Macy’s...
by Mike Duff | Mar 2, 2023 | Retail Articles
Macy’s beat a Wall Street earnings estimate as comps fell at its namesake banner but gained at its Bloomingdale’s and Bluemercury operations. Net income for the quarter was $508 million, or $1.83 per diluted share, versus $742 million, or $2.44 per diluted share, in...
by Chandler Harvey | Feb 7, 2023 | Featured News, Retail Articles
Before its scheduled fourth quarter and full year 2022 in March, Macy’s issued an update on final-frame activity and provided additional insights during a conference hosted by advisory firm ICR Capital, which together provided a deeper dive into where the...
by Mike Duff | Jan 9, 2023 | Retail Articles
Prior to its January 9 presentation at the 2023 ICR Conference in Orlando, Macy’s provided updates to its fiscal fourth quarter sales and adjusted EPS guidance provided on its November 17, 2022 earnings call, with net sales expected to come in at the low-end to...
