Macy's Stock News

Shares of Macy's have fallen more than 16% over the past year.

Macy's needs to change its thinking in order to drive younger customers back to its brick-and-mortar stores, according to activist investor Barrington Capital.

Macy's Inc. just reported another disappointing quarter with net sales down 2.4% to $4.7 billion. Not since first quarter 2022 has Macy's Inc. reported positive year-over-year comps and that due to the post-pandemic bounce.

MIAMI--(BUSINESS WIRE)--Lucky announces an exciting new partnership with Bloomingdales to connect brands' DTC websites with Bloomingdales' in-store inventory.

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Macy's CEO Tony Spring said Thursday on a Q3 earnings call that the retailer will close about 65 locations by the end of January 2025, which is an additional 15 stores more than what was previously planned. Adrian Mitchell, Macy's chief financial officer, said the store closures were limited to underperforming locations.

I upgrade Macy's from hold to buy due to signs of positive growth inflection and improved fundamentals. 3Q24 earnings showed mixed results, but management's 4Q24 guidance indicates the first positive same-store-sales growth in 10 quarters. The success of the "First 50" program and organic demand improvement without heavy promotions bolster confidence in M's FY25 outlook.

Macy's said on Thursday a re-evaluation of its financials showed that the department store chain's internal control, including proper record maintenance, was not effective as of February this year.