$M (Macy's, Inc.)

$M {{ '2016-04-01T19:35:29+0000' | timeago}} • SEC

$M's cost of sales rate as a percent to net sales for 2015 rose to 60.9% from 60.0% in 2014. This rise was primarily due to higher markdowns resulting from the need to clear inventory based on the weaker sales trend as well as the continued growth of the omnichannel businesses and the resulting impact of free shipping.

$M {{ '2017-06-02T12:41:08+0000' | timeago}} • Announcement

Store operator $M has appointed Yasir Anwar as EVP and Chief Technology Officer, effective immediately. Anwar joined macys.com as VP, Engineering, in May 2012. The company named Mike Robinson EVP, Product Management and Customer Experience. Anwar and Robinson will be reporting to Chief Omnichannel and Operations Officer R.B. Harrison.

$M {{ '2017-05-11T15:44:15+0000' | timeago}} • Webcast

$M said as it moves through 2017, the inventory relative to last year would come down slightly in terms of dollars. The company also expects the number of transactions to improve as it goes through 2017.

$M {{ '2017-05-11T14:57:21+0000' | timeago}} • Webcast

$M stated that its digital business saw a double digit increase in 1Q17. The growth continues to be strong both in mobile and digital and it spans across all categories.

$M {{ '2017-05-11T14:48:17+0000' | timeago}} • Webcast

$M said its store closures were based on cash flows from each store. The company also looked at which cities and key malls were best locations and which stores would stand against online competition. $M is watching current store trends and it believes the 100 store closures were appropriate and it is currently at the right store level.

$M {{ '2017-05-11T13:48:04+0000' | timeago}} • Infographic

$M Macy's Inc. Earnings AlphaGraphics: Q1 2017 highlights

$M {{ '2017-05-11T12:23:07+0000' | timeago}} • Announcement

In 1Q17, $M received cash proceeds associated with real estate transactions of $96MM and booked $68MM of real estate gains. Macy’s Inc. is also under contract to sell two additional floors of its Downtown Seattle store. This transaction is expected to close in fall 2017. Net cash provided by operating activities was $234MM in the quarter.

$M {{ '2017-05-11T12:19:24+0000' | timeago}} • Announcement

$M, which also owns Bloomingdale's stores, now sees FY17 comparable sales on an owned basis to decline 2.2-3.3% and total sales to slide 3.2-4.3%. Adjusted diluted earnings of $3.37-3.62 per share are expected in the full year, excluding the impact of the anticipated settlement charges related to benefit plans and debt repurchase charges.

$M {{ '2017-05-11T12:15:47+0000' | timeago}} • Announcement

Store closings pushed net sales of $M down 7.5% to $5.3Bil in 1Q17, with the parent of Macy's departmental stores posting a 39% slide in net attributable income of $71MM from last year's $116MM. Earnings were $0.23 per diluted share from $0.37 a share, as Macy's Inc. saw comparable sales on an owned basis fall 5.2% in the quarter.

$M {{ '2017-05-04T13:21:49+0000' | timeago}} • Announcement

$M and $TLRD announced their joint plan to wind down operations under the tuxedo rental license agreement $M had established with Men's Wearhouse on June 9, 2015. The Tuxedo Shops at $M will continue to take new reservations until June 1, 2017, with operations winding down by July 14, 2017.

$CBL {{ '2017-04-10T18:21:09+0000' | timeago}} • Announcement

$CBL said $DDS will open a new store in the former $M's location at Layton Hills Mall. Construction is set to begin in April, with an expected grand opening in fall 2017. The 160,000-square-foot store will feature a premium lineup of brands specifically tailored to the fashion preferences of $DDS' Salt Lake City area customers.

$M {{ '2017-03-27T13:36:26+0000' | timeago}} • Announcement

$M and $GIII announced agreement whereby $M will serve, beginning February 2018, as the exclusive U.S. department store for sales of DKNY women’s apparel and accessories. $M exclusivity covers DKNY women’s apparel, handbags and shoes, in addition to women's and men's outerwear and swim.

$M {{ '2017-03-23T22:47:58+0000' | timeago}} • Announcement

$M said its board of directors elected Jeff Gennette as CEO, effective March 23, 2017. Mr. Gennette succeeds Terry J. Lundgren, who will continue as Executive Chairman.

$M {{ '2017-03-01T16:38:41+0000' | timeago}} • Announcement

$M completed sale of its downtown Minneapolis property located at 700 Nicollet Mall for $59MM in cash to 601W Companies, which is planning a major mixed-use redevelopment for historic building. A final clearance sale in store began on Jan. 9, 2017 and is expected to run until late March. $M expects store to close in spring 2017.

$M {{ '2017-02-27T14:15:52+0000' | timeago}} • Announcement

$M's BoD declared a regular quarterly dividend of 37.75 cents per share on its common stock. The dividend is payable on April 3, 2017, to shareholders of record at the close of business on March 15, 2017.

$M {{ '2017-02-21T16:33:25+0000' | timeago}} • Webcast

In terms of growing the handbag category, $M said it is closely working with its core vendors on bringing big brands on track. The company said it has number of smaller brands that are performing okay, but is counting on big brands to make a difference.

$M {{ '2017-02-21T15:32:55+0000' | timeago}} • Infographic

$M Macy's Inc. Earnings AlphaGraphics: Q4 2016 Highlights

$M {{ '2017-02-21T15:20:16+0000' | timeago}} • Webcast

In 4Q16, $M booked asset sale gains of $133MM and there were no gains on sales of flagship properties. The company said it has received cash from the sale of the Union Square Men store during the quarter, but the gain will be booked only at 4Q17.

$M {{ '2017-02-21T13:30:56+0000' | timeago}} • Announcement

In FY16, $M opened 27 stores and closed 66 stores. $M plans to close additional about 34 stores over next few years for total of about 100 stores. New stores opened in FY16 included 1 Macy's store in Kapolei, HI, 24 Bluemercury freestanding stores, 1 Macy's Backstage freestanding store in San Antonio, TX, and 1 Bloomingdale's Outlet in Orange, CA.

$M {{ '2017-02-21T13:29:00+0000' | timeago}} • Announcement

$M expects comparable sales on an owned basis to decline 2.2-3.3%, with comparable sales on an owned plus licensed basis to decline 2-3%. $M sees total sales to decline 3.2-4.3% in FY17, reflecting 66 stores closed in 2016. $M sees EPS of $3.37-3.62 and adjusted EPS of $2.90-3.15. Capital expenditures are expected to be about $900MM.

$M {{ '2017-02-21T13:21:59+0000' | timeago}} • Announcement

$M reported a drop in 4Q16 earnings due to lower sales. Net income fell to $475MM or $1.54 per share from $544MM or $1.73 per share last year. Net sales declined to $8.52Bil from $8.87Bil. Non-GAAP EPS decreased to $2.02 from $2.09. Comparable sales on an owned basis declined by 2.7% and comp sales on an owned plus licensed basis slid 2.1%.

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