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Macy’s Surpassed Expectations in Q2 Despite Declines in Key Metrics

Macy’s Surpassed Expectations in Q2 Despite Declines in Key Metrics

by Mike Duff | Aug 22, 2023 | Featured News, Retail Articles

Macy’s surpassed expectations in the second quarter even as sales and earnings declined and it turned its attention to holiday gift opportunities. In addition to the financial results, Macy’s has announced the locations of four new small-format locations scheduled to...
Macy’s Surpassed Expectations in Q2 Despite Declines in Key Metrics

Overall Demand Softened in Macy’s Q1 As Home Rebounded

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...
Bloomingdale’s Spring To Succeed Retiring Macy’s CEO Gennette in 2024

Bloomingdale’s Spring To Succeed Retiring Macy’s CEO Gennette in 2024

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...
Macy’s Surpassed Expectations in Q2 Despite Declines in Key Metrics

Macy’s Earnings Beat Street But Comps Are Mixed

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...
Macy’s Surpassed Expectations in Q2 Despite Declines in Key Metrics

Macy’s Looks To Recharge the Power of New in 2023

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...
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