Macy's, Inc.

M

US55616P1049

Department Stores

Market Closed - Nyse Other stock markets 04:00:02 2024-04-22 pm EDT			After market 07:25:36 pm
18.75 ^USD	+1.19%		18.74	-0.03%

Apr. 11	Wall Street: weighed down by inflationary pressures	CF
Apr. 10	Sector Update: Consumer Stocks Slide in Late Afternoon Trading	MT

Macy’s mulling e-commerce channel split off

November 29, 2021 at 06:00 am EST

Macy's has hired a consulting firm to assess splitting off its e-commerce channel from its physical store business.

The news comes at a time retailers are still struggling to regain in-store traffic following the initial outbreak of COVID-19 in early 2020.

The move to evaluate separating its business is being spurred by an activist investor, Jana Partners LLC, according to a Wall Street Journal report.

Competitor Saks Fifth Avenue announced it was spinning off its e-commerce operation earlier in the year.

Macy's has hired AlixPartners to do the scenario assessment.

Latest news about Macy's, Inc.

Wall Street: weighed down by inflationary pressures	Apr. 11	CF
Sector Update: Consumer Stocks Slide in Late Afternoon Trading	Apr. 10	MT
Sector Update: Consumer	Apr. 10	MT
Macy's Ends Proxy Battle With Activist Shareholder Arkhouse, Elects Two Independent Directors	Apr. 10	MT
Macy's Appoints Two Arkhouse Management Nominees to Board; CEO Tony Spring Becomes Chair	Apr. 10	MT
Macy's: two appointments to the Board of Directors	Apr. 10	CF
Macy?s Inc Enters into Agreement with Arkhouse Management	Apr. 10	CI
Macy's appoints two new directors; ends proxy contest with Arkhouse	Apr. 10	RE
Macy's, Inc. Announces Board Changes	Apr. 10	CI
Levi Strauss surges on profit forecast raise as direct customer sales, cost cuts pay off	Apr. 04	RE
Levi Strauss lifts profit forecast on cost savings, less discounts	Apr. 03	RE
US, Canadian companies kick off 2024 with layoffs	Apr. 03	RE
Macy's Insider Sold Shares Worth $291,743, According to a Recent SEC Filing	Apr. 02	MT
Macy's Insider Sold Shares Worth $260,716, According to a Recent SEC Filing	Apr. 02	MT
Macy's Insider Sold Shares Worth $591,422, According to a Recent SEC Filing	Apr. 02	MT
US, Canadian companies kick off 2024 with layoffs	Apr. 02	RE
Arkhouse Management Provides Information to Shareholders of Macy?s	Apr. 01	CI
Macy's, Inc Solicits Proxies from the Shareholders	Apr. 01	CI
Macy's Insider Sold Shares Worth $527,327, According to a Recent SEC Filing	Mar. 27	MT
Macy's Insider Sold Shares Worth $273,706, According to a Recent SEC Filing	Mar. 25	MT
Macy's Insider Sold Shares Worth $270,541, According to a Recent SEC Filing	Mar. 25	MT
Macy's Insider Sold Shares Worth $307,677, According to a Recent SEC Filing	Mar. 25	MT
Macy's Insider Sold Shares Worth $1,604,464, According to a Recent SEC Filing	Mar. 25	MT
Global markets live: Super Micro Computer, Boeing, Vale, Tesla, Nvidia, Intel, Nasdaq...	Mar. 20
Macy's Opens Books to Unsolicited Bidder Duo	Mar. 20	CI

Macy's, Inc. is an omni-channel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Belgique, Cerulean 6, Charter Club, Club Room, Epic Threads, Family PJ's, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, and others.

Sector

Department Stores

Calendar

2024-05-14 - Q1 2024 Earnings Release (Projected)

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Analysis / Opinion

Jeff Gennette, CEO of Macy's: consumption, stocks, the contribution of AI

November 24, 2023 at 09:23 am EST

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ESG Refinitiv

C+

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Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

18.75 USD

Average target price

20.34 USD

Spread / Average Target

+8.48%

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Sector Retail - Department Stores

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Retail - Department Stores

Macy's, Inc.

Equities

M

US55616P1049

Department Stores

Macy’s mulling e-commerce channel split off

Latest news about Macy's, Inc.

Chart Macy's, Inc.

Company Profile

Income Statement Evolution

Analysis / Opinion

Ratings for Macy's, Inc.

Analysts' Consensus

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Retail - Department Stores