Macy's, Inc. (NYSE:M) Jefferies Annual Consumer Conference June 20, 2022 8:00 AM ET Company Participants Nata Dvir - Chief Merchandising Officer Conference Call Participants Stephanie Wissink - Jefferies Stephanie Wissink Hello, everyone. I'm Steph Wissink, Senior Research Analyst and Managing Director on the Consumer team at Jefferies. Thank you for joining us for our Nantucket Conference 2022. This session is actually a real treat for me personally, but I think it's going to be for you too. We have the Ch ...

Macy's, Inc. (NYSE:M) Q1 2022 Earnings Conference Call May 26, 2022 8:00 AM ET Company Participants Mike McGuire - Head of Investor Relations Jeff Gennette - Chairman & Chief Executive Officer Adrian Mitchell - Chief Financial Officer Conference Call Participants Chuck Grom - Gordon Haskett Matthew Boss - JPMorgan Bob Drbul - Guggenheim Dana Telsey - Telsey Group Omar Saad - Evercore Jay Sole - UBS William Reuter - Bank of America Blake Anderson - Jefferies Oliver Chen - Cowen Operator Good morning, and wel ...

Macy’s Inc. (NYSE:M) Company Conference Call March 9, 2022 9:00 AM ET Company Participants Adrian Mitchell - Chief Financial Officer Conference Call Participants Jay Sole - UBS Unknown Speaker - Jay Sole I’m Jay Sole, UBS’ retailing, department stores and specialty soft lines analyst, and welcome to our fireside chat with Macy’s. Now before I go any further, I want to give the disclosure statement. As a research analyst, I’m required to provide certain disclosures related to the nature of my own relation ...

Macy's, Inc. (NYSE:M) Q4 2021 Earnings Conference Call February 22, 2022 8:00 AM ET Company Participants Mike McGuire - Head of Investor Relations Jeff Gennette - Chairman and CEO Adrian Mitchell - CFO Conference Call Participants Matthew Boss - JPMorgan Lorraine Hutchinson - Bank of America Omar Saad - Evercore ISI Kimberly Greenberger - Morgan Stanley Paul Lejuez - Citigroup Oliver Chen - Cowen and Company Michael Binetti - Credit Suisse Charles Grom - Gordon Haskett Dana Telsey - Telsey Advisory Grou ...

Macy's, Inc. (NYSE:M) Morgan Stanley Virtual Global Consumer & Retail Conference Call December 2, 2021 8:00 AM ET Company Participants Adrian Mitchell - Chief Financial Officer Conference Call Participants Kimberly Greenberger - Morgan Stanley Kimberly Greenberger Good morning, everyone. My name is Kimberly Greenberger and I'm the specialty softline, department store and branded apparel and footwear analyst here at Morgan Stanley. We're very pleased that you were able to join us today to kick off the final ...

Macy’s, Inc. (NYSE:M) Q3 2021 Earnings Conference Call November 18, 2021 8:00 AM ET Company Participants Jeff Gennette – Chairman and CEO Mike Mcguire – Head of Investor Relations Adrian Mitchell – CFO Conference Call Participants Chuck Grom – Gordon Haskett Matthew Boss – JP Morgan Kimberly Greenberger – Morgan Stanley Tracy Kogan – Citigroup Blake Anderson – Jefferies Oliver Chen – Cowen and Company William Reuter – Bank of America Omar Saad – Evercore Dana Telsey – Telsey Groups Robert Drbul – Guggenheim ...

Summary of Macy's, Inc. Conference Call Company Overview - **Company**: Macy's, Inc. (NYSE:M) - **Industry**: Retail - **Sales**: Over $20 billion - **Store Locations**: Over 700 across various banners including Macy's, Bloomingdale's, and Bluemercury [3][3] Core Business Strategy - **Polaris Strategy**: Focused on transforming the business and enhancing omni-channel capabilities, combining physical stores with a strong e-commerce presence [4][6] - **Omni-Channel Engagement**: Approximately 60-70% of customers engage through omni-channel, highlighting the importance of a seamless shopping experience [4][4] Financial Performance - **Q2 Performance**: Sales exceeded 2019 levels by nearly 2% with a comparable store sales increase of about 6% [9][9] - **New Customer Acquisition**: 5 million new customers acquired in Q2, with 3.2 million being new to the Macy's brand [9][9] - **Guidance**: Expecting single-digit increases in comparable sales for the remainder of the year, with potential headwinds from supply chain issues and COVID variants [10][10] Consumer Trends and Demand - **Consumer Spending**: Confidence in continued consumer spending despite potential economic headwinds [8][8] - **Category Performance**: Strong performance in categories like denim and sportswear, with a cautious outlook on apparel due to supply chain constraints [11][11] Pricing and Promotions - **Pricing Strategy**: Focus on higher average unit retail (AUR) and reduced reliance on deep discounts, with gross margin at 40.6%, an improvement of 180 basis points from 2019 [49][49] - **Promotional Levels**: Lower promotional levels compared to historical norms, with a focus on optimizing pricing through data analytics [52][52] Supply Chain Management - **Supply Chain Challenges**: Anticipating impacts on certain categories, particularly apparel, but confident in managing inventory needs through strong vendor relationships [58][58] - **Inventory Strategy**: Inventory down 14% compared to Q2 2019, with a focus on maintaining a healthy stock-to-sales ratio [61][61] Store Portfolio and Future Outlook - **Store Closures**: Continued assessment of store locations, with 125 closures planned over multiple years, focusing on high-performing locations [66][66] - **Market Share Focus**: Aiming for market share gains and leveraging omni-channel opportunities as the company emerges stronger post-pandemic [67][67] Key Initiatives - **Toys R Us Partnership**: Aiming to leverage the Toys R Us brand to capture a larger share of the toy market, with plans for significant in-store presence [30][30] - **Digital Investments**: Committed to increasing capital spend on digital initiatives to enhance omni-channel capabilities, targeting $10 billion in digital sales by 2023 [46][46] Conclusion - **Overall Sentiment**: Macy's is positioned to capitalize on market opportunities with a strong focus on omni-channel strategies, customer acquisition, and maintaining financial health through effective inventory and pricing management [69][69]