Articles from Macy’s, Inc.

Macy’s, Inc. (NYSEM) today provided an update on its fiscal fourth quarter 2024 results and outlook.

Macy’s, Inc. (NYSEM) Tony Spring, chairman and chief executive officer, Adrian Mitchell, chief operating officer and chief financial officer, and Nata Dvir, Macy’s chief merchandising officer, will be participating in the 2025 ICR Conference in Orlando, FL. The company is scheduled to participate in a fireside chat at 8 a.m. ET on Tuesday, January 14, 2025.

Macy’s, Inc. (NYSEM) today announced the appointment of a new independent director, Robert Chavez, to its Board of Directors (the “Board”), effective April 1, 2025.

Macy’s, Inc. (NYSEM) today reported financial results for the third quarter of 2024 that are consistent with its previously announced preliminary results, and also updated its annual guidance. These financial results and outlook reflect revisions to properly reflect previously misstated delivery expense, the related accrual and tax effects.

Macy’s, Inc. (NYSEM) will report its third quarter 2024 sales and earnings results on Wednesday, December 11, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. EST. The call will be hosted by Macy’s, Inc.’s Chairman and Chief Executive Officer Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell.

Macy’s, Inc. (NYSEM) today issued the below statement following the press release and presentation issued by Barington Capital Group, L.P. (“Barington”) and Thor Equities LLC (“Thor”):

Macy’s, Inc. (NYSEM) today reported preliminary financial results for the third quarter of 2024.

Macy’s, Inc. (NYSEM) will report its third quarter 2024 sales and earnings results on Tuesday, November 26, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. EST. The call will be hosted by Macy’s, Inc.’s Chairman and Chief Executive Officer Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell.

Macy’s, Inc. (NYSEM) today announced plans to hire more than 31,500 full- and part-time seasonal positions this upcoming holiday season at its Macy’s, Bloomingdale’s and Bluemercury stores, as well as its distribution centers. Macy’s, Inc. offers several convenient hiring experiences for candidates including an online application process that takes as little as five minutes, with most job offers made within 48 hours. Additionally, the company is holding four nationwide in-person holiday hiring events at all stores and supply chain locations. Times may vary by location.

Macy’s, Inc. (NYSEM) today announced the early tender results of the previously announced cash tender offer (the “Tender Offer”) by its wholly owned subsidiary, Macy’s Retail Holdings, LLC (the “Company”), for each series of notes listed in the table below (collectively, the “Notes”) for a combined aggregate purchase price of up to $220 million (excluding accrued and unpaid interest, which also will be paid to, but excluding, the applicable Settlement Date and excluding fees and expenses related to the Tender Offer) (the “Maximum Tender Offer Amount”), in the order of priority shown in the table.

Macy’s, Inc. (NYSEM) today announced that its wholly owned subsidiary, Macy’s Retail Holdings, LLC (the “Company”), has commenced a cash tender offer (the “Tender Offer”) to purchase up to an aggregate principal amount of its outstanding notes listed in the table below (collectively, the “Notes”) for a combined aggregate purchase price of up to $220 million (excluding accrued and unpaid interest, which also will be paid to, but excluding, the applicable Settlement Date and excluding fees and expenses related to the Tender Offer) (the “Maximum Tender Offer Amount”), in the order of priority shown in the table.

Macy’s, Inc. (NYSEM) today announced that Tony Spring, chairman and chief executive officer, and Adrian Mitchell, chief operating officer and chief financial officer, will participate in a fireside chat at the Goldman Sachs 31st Annual Global Retailing Conference. Their fireside chat will take place at 8:15 a.m. EDT on Thursday, September 5, 2024.

Macy’s, Inc. (NYSEM) today reported financial results for the second quarter of 2024 and updated its annual guidance.

Macy’s, Inc. (NYSEM) will report its second quarter 2024 sales and earnings results on Wednesday, August 21, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. EDT. The call will be hosted by Macy’s, Inc.’s Chairman and Chief Executive Officer Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell.

Macy’s, Inc. (NYSEM) today announced that, following months of engagement with Arkhouse Management Co. LP (“Arkhouse”) and Brigade Capital Management, LP (“Brigade”), its Board of Directors (the “Board”) has unanimously determined to terminate discussions with Arkhouse and Brigade that have failed to lead to an actionable proposal with certainty of financing at a compelling value. The Board intends for the management team to return its full focus to enhancing shareholder value through the execution of the Company’s “A Bold New Chapter” strategy.

Macy’s, Inc. (NYSEM) today announced that Keith Credendino has been named Chief Information Officer effective August 4, 2024. Credendino who is currently Senior Vice President of Technology Product Development, Customer Experience, will succeed Laura Miller as Macy’s, Inc.’s new CIO and join the company’s Corporate Strategy Group, reporting to Adrian V. Mitchell, Chief Operating Officer and Chief Financial Officer.

Macy’s, Inc. (NYSEM) today reported financial results for the first quarter of 2024 and updated its annual guidance.

Macy’s, Inc. (NYSEM) will report its first quarter 2024 sales and earnings results on Tuesday, May 21, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. EDT. The call will be hosted by Macy’s, Inc.’s Chairman and Chief Executive Officer Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell.

Macy’s, Inc. (NYSEM) today announced the appointment of two new independent directors, Richard (Ric) Clark and Richard (Rick) L. Markee, to its Board of Directors (the “Board”), effective immediately. The appointments of Clark and Markee follow the Board’s engagement with Arkhouse Management Co. LP (“Arkhouse”), resulting in the withdrawal of its director nominations.

Macy’s, Inc. (NYSEM) today announced the nomination of Douglas W. Sesler, Founder and President of Fair Street Partners, to stand for election to the Company’s Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”).

Macy’s, Inc. (NYSEM) 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.

Macy’s, Inc. (NYSEM) 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.

Macy’s, Inc. (NYSEM) today announces its new strategy, A Bold New Chapter, designed to return Macy’s, Inc. to enterprise growth. Developed by the Macy’s, Inc. leadership team, with the full support of the board of directors, the strategy balances the art and science of retail and is informed by comprehensive customer research.

Macy’s, Inc. (NYSEM) today reported financial results for the fourth quarter and full-year 2023 and provided fiscal 2024 guidance.

The board of directors of Macy's, Inc. (NYSEM) today declared a regular quarterly dividend of 17.37 cents per share on Macy's, Inc.’s common stock, an increase of 5%, payable April 1, 2024, to shareholders of record at the close of business on March 15, 2024.

Macy’s, Inc. (NYSEM) will report its fourth quarter and full-year 2023 sales and earnings results on Tuesday, February 27, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. ET. The call will be hosted by Macy’s, Inc.’s Chief Executive Officer Tony Spring and Chief Operating and Chief Financial Officer Adrian Mitchell.

Macy’s, Inc. (NYSEM) announced today that its Board of Directors (the “Board”) has received notice from Arkhouse Management Co. LP (“Arkhouse”) that it has nominated nine individuals to stand for election to the Macy’s, Inc. Board of Directors at the Company’s 2024 Annual Meeting. Macy’s, Inc. issued the following statement:

Macy’s, Inc. (NYSEM) today announced that, in connection with its leadership succession plan announced on March 29, 2023, Tony Spring (58) will serve as chief executive officer of the company, effective February 4, 2024. Spring succeeds Jeff Gennette (62), who is retiring as chief executive officer after serving the company for 40 years. Gennette will continue as chair of the board until the company’s 2024 Annual Meeting, with Spring becoming board chair as of the Annual Meeting.

Macy’s, Inc. (NYSEM) confirmed today that it received an 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 $21.00 per share in cash on December 1, 2023, and that the Macy’s, Inc. Board of Directors (the “Board”) has determined that the non-binding proposal does not constitute a basis to enter into a non-disclosure agreement or provide any due diligence information to Arkhouse and Brigade.

Macy’s, Inc. (NYSEM) today announced that Tracy Preston has been named chief legal officer and corporate secretary of Macy’s, Inc., effective January 8, 2024, and will report to Tony Spring, president and CEO-elect, Macy’s, Inc.

Macy’s, Inc. (NYSEM) today announced that Sharon Otterman has been named chief marketing officer of Macy’s. Sharon will begin leading the company’s marketing organization starting on Monday, December 11, reporting to Tony Spring, president and CEO-elect, Macy’s, Inc.

Macy’s, Inc. (NYSEM) today reported financial results for the third quarter of 2023 and updated its annual guidance.

Macy’s, Inc. (NYSEM) will report its third quarter 2023 sales and earnings results on Thursday, November 16, 2023. The company will host a call and webcast with financial analysts and investors that day at 8:00 a.m. ET. The call will be hosted by Macy’s, Inc. Chairman and Chief Executive Officer Jeff Gennette, President and Chief Executive Officer-elect Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell.

To kick off this upcoming holiday season, Macy’s and Toys“R”Us® have unveiled Geoffrey’s Hot Toy List for 2023 to make every gift giver the star of the holidays by offering top toys for every age and interest. This year’s list of hot toys features the most coveted toys for the ‘Toys R Us’ kid in all of us, from favorite brands like Barbie, Hot Wheels, Pokémon, LEGO, Nerf & more. Geoffrey’s curated list will also feature a Toys“R”Us® global exclusive Geoffrey with a Globe FUNKO, and a selection of popular brands created by Toys“R”Us including Fast Lane, You & Me, True Heroes and more.

Macy’s, Inc. (NYSEM) today announced plans to hire for more than 38,000 full- and part-time seasonal positions this upcoming holiday season at its Macy’s, Bloomingdale’s and Bluemercury stores, as well as its distribution centers. This year’s number of seasonal positions at Macy’s, Inc. are consistent with open positions in 2022. Macy’s, Inc. offers several convenient hiring experiences for candidates including an online application procedure that takes as little as five minutes, with most job offers made within 48 hours. Additionally, the company is holding two nationwide in-person holiday hiring events at all stores and supply chain locations on Thursday, September 21, and Thursday, October 19 from 11 a.m. – 6 p.m. (times may vary by location).

Macy’s, Inc. (NYSEM) today announced that it has named Olivier Bron Chief Executive Officer of Bloomingdale’s, with an anticipated start date in early November. Bron will report directly to Tony Spring, who was appointed President and CEO-Elect of Macy’s, Inc. in March following a 36-year career at Bloomingdale’s. Bloomingdale’s remains the cornerstone of Macy’s, Inc.’s luxury growth vector and the premier customer destination for curated fashion and style.

The board of directors of Macy's, Inc. (NYSEM) today declared a regular quarterly dividend of 16.54 cents per share on Macy's, Inc.’s common stock, payable October 2, 2023, to shareholders of record at the close of business on September 15, 2023.

Macy’s, Inc. (NYSEM) today reported financial results for the second quarter of 2023 and updated its annual guidance.

Macy’s, Inc. (NYSEM) today announced that Massimo (Max) Magni has been named chief customer and digital officer. Max will begin leading the company’s customer and digital organization on Monday, August 21, reporting to Tony Spring, president and CEO-elect, Macy’s, Inc.

Macy’s, Inc. (NYSEM) will report its second quarter 2023 sales and earnings results on Tuesday, August 22, 2023. The company will host a call and webcast with financial analysts and investors that day at 8:00 a.m. EDT. The call will be hosted by Macy’s, Inc. Chairman and Chief Executive Officer Jeff Gennette, President and Chief Executive Officer-elect Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell.

Macy’s, Inc. (NYSEM) today reported financial results for the first quarter of 2023 and updated its annual guidance.

Macy’s, Inc. will report its first quarter 2023 sales and earnings results on Thursday, June 1, 2023. The company will host a call and webcast with financial analysts and investors that day at 8:00 a.m. EDT. The call will be hosted by Macy’s, Inc. Chairman and Chief Executive Officer Jeff Gennette, President and Chief Executive Officer-elect Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell.

This Mother’s Day, Macy’s is the place to shop for a variety of gifts to celebrate, “all the amazing moms in your life.” With everything from fine jewelry to on-trend handbags and shoes to perfume and makeup, we have the perfect gift for Mom. Macy’s is your gifting destination for exciting and affordable gifts for every Mom on your list. Customers can shop comfortably from home, conveniently through the Macy’s mobile app, macys.com or in stores nationwide.

Macy’s, Inc. (NYSEM) today announced that Chairman and Chief Executive Officer of Macy’s, Inc. Jeff Gennette (61) plans to retire in February 2024 after serving the company for 40 years. Following a rigorous succession planning process that included an internal and external search, Tony Spring (58), Macy’s, Inc. executive vice president and Bloomingdale’s chairman and chief executive officer, has been appointed by the board of directors as Macy’s, Inc. president and CEO-elect, and a member of the board of directors. As President, Tony will be responsible for leading Macy’s, Inc.’s Digital, Customer, Merchandising, and Brand teams, while overseeing Bloomingdale’s and bluemercury.

This spring, Macy’s, Inc. (NYSEM) celebrates first-year milestones of its commitments tied to Mission Every One, an enterprise-wide social purpose platform focused on creating positive societal change. In 2022, Macy’s, Inc. launched Mission Every One by announcing $5 billion of the company’s spend through 2025 would be directed towards partners, products, people and programs that help create a more equitable and sustainable future. Commitments focus on three pillars of impact – people, communities and planet; the company has made significant progress on its journey to create a brighter future with bold representation for all and in 2022 directed $1.4 billion of its spend towards this goal.

Macy’s, Inc. (NYSEM) today announced the appointment of Naveen Chopra, executive vice president and chief financial officer of Paramount Global, to its board of directors, effective April 1, 2023.

Macy’s, Inc. (NYSEM) today announced that Adrian Mitchell, chief financial officer, will participate in a fireside chat at J.P. Morgan’s 9th Annual Retail Round Up. The fireside chat will take place at 8:00 a.m. EDT on Thursday, March 30, 2023.

Macy’s, Inc. (NYSEM) today reported financial results for the fourth quarter and fiscal 2022 and provided fiscal 2023 guidance.

The board of directors of Macy's, Inc. today declared a regular quarterly dividend of 16.54 cents per share on Macy's, Inc.’s common stock, an increase of 5%, payable April 3, 2023, to shareholders of record at the close of business on March 15, 2023.

Macy’s, Inc. will report its fourth quarter and full-year 2022 sales and earnings results on Thursday, March 2, 2023. The company will host a call and webcast with financial analysts and investors that day at 8:00 a.m. ET. The general public and the media will be able to access the live webcast via the company's website at www.macysinc.com, where the associated presentation will also be available.

Macy’s, Inc. (NYSEM) today announced updates to its fiscal fourth quarter sales and adjusted EPS guidance provided on its November 17, 2022 earnings call. Net sales are now expected to be at the low-end to mid-point of the previously issued range of $8,161 to $8,401 million while adjusted diluted earnings per share are expected to be in the previously issued range of $1.47 to $1.67. On a percentage basis, total end-of-quarter inventories are on track to be slightly below last year and down mid-teens relative to 2019.

Macy’s, Inc. (NYSEM) today announced that Jeff Gennette, chairman and chief executive officer, Adrian Mitchell, chief financial officer, and Nata Dvir, Macy’s chief merchandising officer, will be participating in the 2023 ICR Conference in Orlando, FL. The company is scheduled to present at 9:00 a.m. ET on Monday, January 9, 2023.

Macy’s, Inc. (NYSEM) today announced that Adrian Mitchell, chief financial officer, will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference. The fireside chat will take place at 8:00 a.m. ET on Wednesday, December 7, 2022.

Macy’s, Inc. (NYSEM) today reported financial results for the third quarter of 2022 and updated its annual guidance.

Today, Macy’s, Inc. announced S.P.U.R. Pathways: Shared Purpose, Unlimited Reach, a multiyear, multifaceted funding program to advance entrepreneurial growth, close wealth gaps and shatter systemic barriers faced by diverse-owned and underrepresented businesses. This innovative effort, created in partnership with Momentus Capital, advances a long-standing Macy’s, Inc. commitment to underrepresented businesses and aims to galvanize the retail industry to invest in the next generation of entrepreneurs.

Macy’s, Inc. will report its third quarter 2022 sales and earnings results on Thursday, November 17, 2022. The company will host a call and webcast with financial analysts and investors that day at 8:00 a.m. ET. The general public and the media will be able to access the live webcast via the company's website at www.macysinc.com, where the associated presentation will also be available.

The holidays are here at Macy’s, the ultimate gifting destination, with Black Friday savings all season long. Shop ahead of the rush during our Early Access deals beginning November 7, with unbeatable discounts on everything from fashion, jewelry, toys, home, and family favorites. Macy’s makes it easier to find the perfect gift for everyone on your list with our Holiday Gift Finder. Shop all Black Friday specials with exclusive deals starting on November 20 through 26 online at macys.com, in-stores and on the Macy’s app, plus you can get orders delivered right to your door or pick them up in-store or curbside.

Macy’s, Inc. today announced plans to hire colleagues for more than 41,000 full- and part-time seasonal positions for the upcoming holiday season at its Macy’s, Bloomingdale’s and Bluemercury stores, supply chain locations and call centers. The number of seasonal opportunities is relatively consistent with the number of open positions in prior years. The digitally led, omnichannel retailer offers a convenient hiring experience with applications taking as little as five minutes and majority of job offers made within 48 hours.

Through its social purpose platform, Mission Every One, Macy’s, Inc. is committed to creating a brighter future for all and creating a more equitable and sustainable future. Today, Macy’s, Inc. is providing an update detailing its achievements towards its long-term Sustainability goals – including initiatives that promote circularity throughout its value chain.

Macy’s, Inc. today announced that Pam Quintiliano will join the company as head of investor relations, effective September 12, 2022. In this role, Quintiliano will be responsible for leading the company’s active investor relations program, effectively communicating the company’s strategy to all classes of investors, with a goal of building and maintaining strong relationships with the investment community.

Macy’s, Inc. (NYSEM) today announced that Adrian Mitchell, chief financial officer, will participate in a fireside chat at the Goldman Sachs 29th Annual Global Retailing Conference. The fireside chat will take place at 8:05 a.m. EDT on Thursday, September 8, 2022.

Macy’s, Inc. (NYSEM) today reported financial results for the second quarter of 2022 and updated its annual guidance.

Macy’s, Inc. (NYSEM) today announced the appointment of Emilie Arel, president and chief executive officer of Casper Sleep, to its board of directors, effective August 15, 2022.

Macy’s, Inc. (NYSEM) will report its second quarter 2022 sales and earnings results on Tuesday, August 23, 2022. The company will host a call and webcast with financial analysts and investors that day at 8:00 a.m. EDT. The general public and the media will be able to access the live webcast via the company's website at www.macysinc.com, where the associated presentation will also be available.

Macy’s, Inc. (NYSEM) today announced that Nata Dvir, chief merchandising officer, will participate in a virtual fireside chat at the Jefferies Consumer Conference. The webcast will be available at 8:00 a.m. EDT on Monday, June 20, 2022 on the investor relations section of the Macy’s, Inc. website at www.macysinc.com/investors. The recording of the webcast will be available on the same website for 90 days following the event.

Macy’s, Inc. (NYSEM) today reported financial results for the first quarter of 2022 and updated its annual guidance.

Macy’s, Inc. (NYSEM) To advance its sustainability priorities, Macy’s, Inc. highlights new initiatives and introduces new partnerships with Better Cotton, Trust for Public Land and HERproject™.

Macy’s, Inc. (NYSEM) will report its first quarter 2022 sales and earnings results on Thursday, May 26, 2022. The company will host a call and webcast with financial analysts and investors that day at 8:00 a.m. EDT. The general public and the media will be able to access the live webcast via the company's website at www.macysinc.com, where the associated presentation will also be available.

Macy’s, Inc. (NYSEM) announced today plans to open a new fulfillment center in China Grove, North Carolina in 2024 to meet the growing demands of its omnichannel business. The 1.4 million-square-foot facility, with automated direct-to-consumer fulfillment capacity, will employ nearly 2,800 workers when fully operational. Macy’s, Inc. will invest approximately $584 million in this project.

Macy’s, Inc. (NYSEM) today announced the appointment of Marie Chandoha, former president and chief executive officer of Charles Schwab Investment Management, and Jill Granoff, managing partner of Eurazeo and chief executive officer of Eurazeo’s Brands division, to its board of directors, effective April 1, 2022.

Macy’s, Inc. (NYSEM) today announced that Adrian Mitchell, chief financial officer, will participate in a fireside chat at J.P. Morgan’s 8th Annual Retail Round-Up. The fireside chat will take place at 8:00 a.m. EDT on Thursday, April 7, 2022.

Off-price and on-trend, deal hunters take note as Macy’s (NYSEM) expands its Backstage locations across the country this spring. Beginning April 9 and rolling out through June 2022, Macy’s will open 37 new Macy’s store-within-store Backstage locations nationwide, offering shoppers another way to find and express their personal style at significant savings on fabulous finds.

Macy’s today announced the launch of its brand platform – Own Your Style – empowering customers to celebrate their individuality and personal style through Macy’s curated assortment of the best brands and latest trends. Built on the brand’s rich history as a driving force in American fashion, Own Your Style is grounded in the customer insight that style comes from within, and Macy’s role is to help bring it out. The brand will help customers discover and express their unique personal style by connecting them with products, advice, inspiration and great value. With the customer at the center of the company’s communication, the new brand platform will celebrate how customers feel when they own their style, help them overcome style challenges and inspire them with the latest products and trends. Powered by a digitally led omnichannel experience, starting in March, Own Your Style will become fully integrated across all customer touchpoints including macys.com, Macy’s app, social media and stores.

Macy’s, Inc. (NYSEM) today announced that Emily Erusha-Hilleque has joined the company as senior vice president for Macy’s private brands. In this role, Erusha-Hilleque will lead the nameplate’s private brands design organization, including apparel, center core and home design teams as well as drive the private brands strategy in partnership with Macy’s merchandising and sourcing teams. She will report to Nata Dvir, chief merchandising officer of Macy’s.

Macy’s, Inc. (NYSEM) (the “Company” or “Macy’s”) announced today that its wholly-owned subsidiary, Macy’s Retail Holdings, LLC (the “Issuer”), has commenced an offer (the “Offer”) to purchase any and all of its outstanding (i) 6.65% Senior Secured Debentures due 2024, (ii) 6.7% Senior Secured Debentures due 2028, (iii) 8.75% Senior Secured Debentures due 2029, (iv) 7.875% Senior Secured Debentures due 2030, (v) 6.9% Senior Secured Debentures due 2032 and (vi) 6.7% Senior Secured Debentures due 2034 (collectively, the “Second Lien Notes”) for cash in an amount equal to 100% of the aggregate principal amount of such series of notes repurchased plus accrued and unpaid interest, if any, to, but excluding, the Payment Date (as defined below) (the “Purchase Price”). The Offer will constitute a “Collateral Offer” under the indenture governing the Second Lien Notes.