Legal Investigation - Macy's Inc is under investigation for securities fraud [1] - Affected investors are encouraged to contact The Schall Law Firm [1]

The Schall Law Firm Invites Shareholders With Losses To Join An Inquiry Into Macy's, Inc. For Securities Law Violations ...

Macy's CEO Tony Spring isn't in favor of spinning off its luxury brands Bluemercury and Bloomingdales, despite calls by activist investors to do so.  "We continue to believe that there are synergies that are leveraged between the three brands, between warehousing, legal, finance, back end operations and joint brand negotiation. There's just so much opportunity for us to kind of leverage the scale of the portfolio," Spring said Sunday during a discussion at the National Retail Federations (NRF) 2025 Retail's ...

Core Insights - Macy's Inc. has provided an update on its fourth-quarter fiscal 2024 performance, slightly lowering its sales outlook while highlighting the success of targeted initiatives at its First 50 locations and strong performances at luxury brands Bloomingdale's and Bluemercury as a foundation for growth [1][9]. Performance Overview - Macy's First 50 locations and luxury brands Bloomingdale's and Bluemercury achieved positive comparable sales growth for the nine-week period ending January 4, 2025, indicating their importance in the company's performance and alignment with its long-term strategy [2]. - Overall comparable sales for the quarter-to-date were roughly flat, with underperformance noted in non-First 50 locations, which recorded negative comparable sales during the period [3]. Sales Expectations - The company now expects fourth-quarter 2024 net sales to be at or slightly below the low end of its previously anticipated range of $7.8 billion to $8 billion, while maintaining guidance for adjusted earnings per share in the range of $1.40 to $1.65 [5]. Strategic Initiatives - Despite the downward revision in net sales, Macy's is making progress with its Bold New Chapter strategy, aiming for a second consecutive quarter of sequential comparable sales improvement, with plans to expand initiatives to an additional 75 locations in fiscal 2025 [6]. - The company is focused on growing its digital and omnichannel presence, which has shown positive results, forming the foundation of its broader strategy for long-term success [7]. Conclusion - While facing challenges with non-First 50 locations, Macy's remains committed to strategic initiatives that have delivered positive results in key areas, with investments in its strongest segments providing a pathway for future growth [9].

Stock Performance and Market Sentiment - The retailer's stock has fallen 14% since the start of the year and 21% over the past 12 months, reflecting investor concerns about the company's turnaround plans and sales growth [2] - Macy's shares could remain in focus after the company indicated that holiday quarter sales may come in slightly below expectations due to underperforming stores [3][7] Technical Analysis and Price Levels - Macy's shares have been trading within a 13-month descending channel, with recent selling intensifying after encountering resistance near the upper trendline and 200-day moving average [4] - Key resistance levels to watch include $18, which aligns with the descending channel's upper trendline, and $20.50, a level that connects multiple peaks from December 2023 to May 2023 [5][6] - Important support levels to monitor are around $13, near the November 2023 peak and the descending channel's lower trendline, and $10.75, which aligns with troughs from September to November 2023 [11] Strategic Initiatives and Sales Performance - In February 2023, the company announced plans to close 150 underperforming stores over three years to boost profitability while focusing on expanding initiatives at higher-performing locations [9] - Despite challenges, Macy's remains on track to post a second consecutive quarter of sequential comparable sales improvement, indicating some progress in its turnaround efforts [9]

Macy's, Inc. (NYSE:M) 2025 ICR Conference January 14, 2025 8:00 AM ET Company Participants Tony Spring - Chairman & CEO Adrian Mitchell - COO & CFO Conference Call Participants Matthew Boss - JPMorgan Chase Operator Okay, great. Thanks. It's Matt Boss, Retailing, Department Stores and Specialty Softlines at J.P. Morgan. Really happy to have this morning the team from Macy's. We have Chairman and CEO, Tony Spring; as well as CFO and COO, Adrian Mitchell. Format will be fireside chat. Question-and-Answer Sess ...

Key TakeawaysMacy's said its fourth-quarter results would be pulled down by poor performance by some of its stores.The biggest U.S. department store operator warned that comparable store sales would be flat, and overall sales would be at or below its earlier guidance.Last February, Macy's announced it would be closing 150 locations over three years as it deals with weak sales. Macy's (M) shares tumbled nearly 7% Monday morning when the biggest U.S. department store chain warned fourth-quarter results would ...

Key TakeawaysMacy's released an initial list of 66 "underperforming stores" it plans to close as part of a multi-year turnaround campaign, including its Philadelphia City Center and Downtown Brooklyn locations.The retailer, which has said it will shutter 150 years over three years, plans to invest more money into remaining stores.According to Macy's, the "Bold" plan is starting to pay off, with sales having improved for three consecutive quarters at stores that received fresh investment. Macy's (M) released ...

Macy’s on Thursday named 66 stores it plans to close this year.  The slew of "non-go-forward" locations that Macy’s said will permanently close are spread across 22 states, including Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. The closures stem from the "Bold New Chapter" initiative the retailer has been implementing since last ...

A month has gone by since the last earnings report for Macy's (M) . Shares have lost about 1.7% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Macy's due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Macy's Q3 Earnings Miss Estimates, Comparable Sales Decline Y/YMa ...