$M (Macy's, Inc.)

$M {{ '2016-02-23T14:32:10+0000' | timeago}} • Webcast

$M said that the company is focused on achieving an annual comp sales increase of at least 2%. The company opened six pilot backstage stores last fall and said it plans to continue its testing in 2016. The company will also be testing putting backstage stores within approx. 15 Macy's locations.

$M {{ '2017-10-17T13:29:48+0000' | timeago}} • Announcement

Department store operator $M has appointed Danielle Kirgan as Chief Human Resources Officer, effective October 23, 2017. Kirgan will join Macy’s Corporate Strategy Committee and report to CEO Jeff Gennette. Most recently, Kirgan served as SVP, People, at American Airlines. Earlier, she worked as Chief Human Resources Officer at Darden Restaurants.

$M {{ '2017-09-18T20:51:45+0000' | timeago}} • Announcement

$M plans to hire about 80,000 seasonal positions at its Macy's and Bloomingdale's stores, call centers, distribution centers and online fulfillment centers nationwide for 2017 Christmas and holiday season. About 18,000 of 80,000 total seasonal positions will be based in direct-to-consumer fulfillment facilities, up 3,000 positions from last year.

$M {{ '2017-08-31T12:46:24+0000' | timeago}} • Announcement

$M announced the expansion of its same-day delivery of products purchased online at macys.com, bloomingdales.com and both brands' mobile apps. Starting this fall, $M will offer same-day delivery to customers in 15 additional U.S. markets.

$M {{ '2017-08-25T17:32:37+0000' | timeago}} • Announcement

The BoD of $M has declared a regular quarterly dividend of 37.75 cents per share on its common stock, payable on Oct 2, 2017, to shareholders of record as on Sept 15, 2017.

$M {{ '2017-08-21T21:34:56+0000' | timeago}} • Announcement

$M has appointed Hal Lawton as president, effective September 8, 2017. He will report to CEO Jeff Gennette. Most recently, Lawton served as SVP of eBay North America. Macy’s also announced restructuring of its merchandising operations and strengthening of consumer insights and data analytics capabilities.

$M {{ '2017-08-11T16:50:23+0000' | timeago}} • Webcast

During 2Q17, $M's business that were strongest included shoe business, fine jewelry and furniture & mattresses. The company plans to add or expand nearly 58 furniture & mattress departments this year. The weaker categories in the quarter included cosmetics and housewares.

$M {{ '2017-08-11T16:28:02+0000' | timeago}} • Webcast

During 2Q17, $M's number of transactions were down 5%, when compared to 7.5% decline during 1Q17. Average unit retail rose by 1.2%, with units per transactions up 1.8% during the quarter.

$M {{ '2017-08-10T14:23:12+0000' | timeago}} • Announcement

For FY17, $M expects comparable sales on an owned basis to decline between 2.2-3.3%, with comparable sales on an owned plus licensed basis to decline between 2-3%. Total sales is expected to be down between 3.2-4.3% and adjusted EPS is expected to be about $3.37-3.62.

$M {{ '2017-08-10T14:19:05+0000' | timeago}} • Announcement

$M, that is in the midst of closing 100 full-line stores due to declining profitability, reported a 2.8% drop in its comparable sales on an owned basis and 2.5% decline on an owned plus licensed basis.

$M {{ '2017-08-10T14:11:23+0000' | timeago}} • Announcement

$M, like other department stores, has been struggling due to intense competition from $AMZN. During 2Q17, revenue fell 5% to $5.5Bil, reflecting closure of stores. Net earnings rose to $113MM, or $0.38 per share, compared to $9MM, or $0.03 per share in 2Q16, mainly due to contributions from new women's shoe and jewelry models. Adj. EPS were $0.48.

$M {{ '2017-08-10T13:43:07+0000' | timeago}} • Infographic

$M Macy's Inc. Earnings AlphaGraphics: Q2 2017 highlights

$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.

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