All articles tagged with #macys
Macy’s is running a major watch sale with 20–40% off on authorized brands like Seiko, Citizen and Bulova, featuring popular models such as Seiko 5 Sports GMT and Prospex Speedtimer, Bulova Super Seville, and Citizen Promaster divers and Eco-Drive watches.
Macy’s annual Fourth of July fireworks will air on NBC from 8–10 p.m. ET with a pre-show hosted by Terry Crews and performances by Post Malone, Noah Kahan, Salt-N-Pepa, Shaboozey and Bebe Rexha. For cord-cutters, free streaming options include DIRECTV’s five‑day trial with NBC, Peacock live streaming, and a seven‑day Prime Video trial. In NYC, viewing spots line the East and Hudson Rivers, with public areas along the FDR Drive; the event requires a large crew (about 75 people, up to 12 days to prepare) and is rare for both rivers to be show at once. Macy’s will post viewing details on its site.
Macy’s posted stronger-than-expected fiscal Q1 results with 3% comparable sales growth and revenue of $4.68 billion, prompting an upgrade of full-year guidance to net sales of $21.5–$21.75 billion and EPS of $2.00–$2.20. Bloomingdale’s led with 10.2% comps, while the turnaround focuses on investing in staffing and assortments to improve the customer experience. The company also noted momentum into Q2 despite macro uncertainty, with adjusted EPS of 13 cents and net income of $63 million for the quarter.
Berkshire Hathaway’s Q1 13F shows a smaller, more selective portfolio with Delta Air Lines returning to the mix and Macy’s taking a very small stake, while Buffett’s investment influence remains, as Greg Abel leads portfolio decisions. Delta is valued around $3 billion after a rally, Macy’s stake has risen to about $63 million, and Berkshire has boosted positions in Japan (Mitsubishi and Sumitomo), contributing to a disclosed total of about $46 billion across six holdings.
Berkshire Hathaway disclosed a roughly $55 million stake in Macy’s in the first quarter—a “tiny purchase” Warren Buffett suggested in March—though the filing covers only U.S.-listed holdings. The quarter also included a much larger $2.6 billion stake in Delta Air Lines, and Berkshire may have non-listed or international positions not shown in the filing. Buffett, who stepped down as CEO in 2026, remains actively involved in investment decisions, coordinating with Mark Millard as Greg Abel leads daily operations. The firm also sold Mastercard and Visa as it unwinds Todd Combs’ holdings.
Berkshire Hathaway has tripled its Alphabet stake and invested in Delta Air Lines and Macy’s as it moves forward under its new CEO.
Macy’s topped Q4 estimates with adjusted EPS of $1.67 on $7.64B revenue and full-year comparable sales up 1.5%, led by Bloomingdale’s and Bluemercury. The retailer issued a cautious 2025 outlook, guiding sales of $21.4–$21.65B and adjusted EPS of $1.90–$2.10 as macro headwinds—gas prices, tariffs, geopolitical risk—loom over discretionary spend, while the company continues its plan to close about 150 Macy’s stores as part of its Bold New Chapter store-refresh strategy.
Saks Global’s bankruptcy creates a window of opportunity for Macy’s and Bloomingdale’s, which have been outperforming the broader luxury‑retail downturn. As Saks’ struggles potentially divert inventory and customers, Macy’s turnaround—driven by tighter store footprints, stronger leadership under Tony Spring, and first-year sales growth that beat expectations—has momentum. Analysts say sustaining gains will hinge on fundamentals like customer service and inventory discipline, even as e‑commerce and the booming secondhand luxury market continue to reshape the department‑store model and Saks could still emerge from bankruptcy.
Macy's plans to close 14 stores nationwide as part of its strategic efforts to optimize its store footprint and invest in digital growth, despite recent sales momentum and positive customer response.
Macy's plans to close 14 stores across 12 states in early 2026 as part of its 'A Bold New Chapter' strategy, focusing on stronger locations amid a broader plan to shutter 150 stores by the end of the year, despite recent strong holiday sales.
Macy's in San Francisco has ended its nearly 80-year tradition of having Santa Claus at its Union Square store, with Santa now embarking on a national tour after the Thanksgiving Day Parade, leaving a gap in the local holiday festivities.
Macy's reported its strongest sales growth in over three years, beating expectations and raising its full-year outlook, though it remains cautious about holiday season spending due to economic pressures and higher tariffs. The company is investing in store improvements and closing underperforming locations to revitalize its core business, with positive early signs from Black Friday sales.
Macy's CEO Tony Spring is implementing a comprehensive turnaround strategy focused on improving store presentation, customer service, and brand partnerships to revive the historic retailer amid years of decline, with early signs of success and a renewed cultural reset.
Macy's stock surged nearly 21% after beating Q2 earnings estimates and reporting the best comparable sales growth in 12 quarters, leading to an upward revision of its full-year guidance despite a slight decline in net sales and earnings. The stock's move above its 200-day moving average marks a significant technical milestone after a period of decline.
Macy's stock surged nearly 20% after surpassing profit and sales expectations, driven by a 0.8% rise in comparable sales and strong performance at its 'Reimagine' stores, Bloomingdale's, and Bluemercury, leading to an upward revision of its full-year earnings and sales outlook.