Macy's, Inc. (M) News https:///rss The latest news released by Macy's, Inc. (M) en-us Equisolve Investor Relations Suite Macy’s, Inc. Board Declares Quarterly Dividend /investors/news-events/press-releases/detail/1574/macys-inc-board-declares-quarterly-dividend Fri, 23 Aug 2019 14:24:00 -0400 /investors/news-events/press-releases/detail/1574/macys-inc-board-declares-quarterly-dividend CINCINNATI--(BUSINESS WIRE)-- The board of directors of Macy's, Inc. (NYSE:M) today declared a regular quarterly dividend of 37.75 cents per share on Macy's, Inc.’s common stock, payable October 1, 2019, to shareholders of record at the close of business on September 13, 2019.

About Macy's, Inc.

Macy’s, Inc. is one of the nation’s premier retailers, with fiscal 2018 sales of $24.971 billion and approximately 130,000 employees. The company operates approximately 680 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 190 specialty stores that include Bloomingdale’s The Outlet, Bluemercury, and Macy’s Backstage. Macy’s, Inc. operates stores in 43 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate headquarters in Cincinnati, Ohio, and New York, New York.

Media – Blair Fasbender Rosenberg
646-429-6032
media@macys.com

Investors – Mike McGuire
513-579-7780
investors@macys.com

Source: Macy's, Inc.

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Macy’s, Inc. Reports Second Quarter 2019 Earnings /investors/news-events/press-releases/detail/1573/macys-inc-reports-second-quarter-2019-earnings Wed, 14 Aug 2019 08:00:00 -0400 /investors/news-events/press-releases/detail/1573/macys-inc-reports-second-quarter-2019-earnings
  • Comparable sales growth of 0.2% on an owned basis; 0.3% on an owned plus licensed basis
  • Diluted EPS and Adjusted Diluted EPS of $0.28
  • Strategic initiatives on track to continue delivering sales growth in the back half of the year
  • Fall inventory in line with anticipated customer demand
  • Company reaffirmed annual sales guidance and lowered EPS guidance
  • CINCINNATI--(BUSINESS WIRE)-- Macy’s, Inc. (NYSE: M) today reported results for the second quarter 2019. The company reaffirmed its annual sales guidance and lowered its EPS guidance for fiscal 2019.

    Financial Highlights

    ?

    Second Quarter

    First Half

    (in millions)

    2019

    2018

    2019

    2018

    Net sales

    $

    5,546

    ?

    $

    5,572

    ?

    $

    11,050

    ?

    $

    11,112

    ?

    Comparable sales

    Owned

    0.2

    %

    0.0

    %

    0.4

    %

    1.9

    %

    Owned plus licensed

    0.3

    %

    0.5

    %

    0.5

    %

    2.3

    %

    53rd week shifted calendar (owned plus licensed)*

    ?

    2.3

    %

    ?

    1.8

    %

    ?

    Net income attributable to Macy’s, Inc. shareholders

    $

    86

    ?

    $

    166

    ?

    $

    223

    ?

    $

    306

    ?

    Earnings before interest, taxes, depreciation and amortization

    $

    400

    ?

    $

    501

    ?

    $

    846

    ?

    $

    993

    ?

    Diluted earnings per share

    $

    0.28

    ?

    $

    0.53

    ?

    $

    0.71

    ?

    $

    0.98

    ?

    ?

    Adjusted Net income attributable to Macy’s, Inc. shareholders

    $

    88

    ?

    $

    219

    ?

    $

    225

    ?

    $

    369

    ?

    Adjusted Earnings before interest, taxes, depreciation and amortization

    $

    402

    ?

    $

    566

    ?

    $

    849

    ?

    $

    1,071

    ?

    Adjusted Diluted earnings per share

    $

    0.28

    ?

    $

    0.70

    ?

    $

    0.72

    ?

    $

    1.19

    ?

    *Comparable sales adjusted for the impact of the 53rd week reflect a shift of the company's 2017 calendar to align with 2018 on a like-for-like basis.

    Note: Adjusted metrics reflect the exclusion of certain items from the respective financial measures. Please see the final pages of this news release for important information regarding the nature of such excluded amounts and calculation of the company’s non-GAAP financial measures.

    “Macy’s, Inc. delivered another quarter of comparable sales growth. That said, we had a slow start to the quarter and finished below our expectations. Rising inventory levels became a challenge based on a combination of factors: a fashion miss in our key women’s sportswear private brands, slow sell-through of warm weather apparel and the accelerated decline in international tourism. We took markdowns to clear the excess Spring inventory and are entering the Fall season with the right inventory to meet anticipated customer demand,” said Jeff Gennette, Macy’s, Inc. chairman & chief executive officer. “While we had seasonal inventory challenges in Spring, there are many areas of the business that are performing well, notably our Destination Businesses. We continue to see healthier sales within our brick and mortar business, led by our Growth50 stores and Backstage expansion. Our digital business posted its fortieth consecutive quarter of double-digit growth, and mobile remained our fastest growing channel.”

    “Our 2019 strategic initiatives are on track to contribute to sales growth in the back half of the year, and we have plans to drive productivity and improve gross margins,” Gennette added. “Our team has responded quickly to the external environment, course corrected when needed and we remain confident. Our 130,000 colleagues compete every day to win our customers’ business.”

    Asset Sale Gains

    Asset sale gains for the second quarter of 2019 totaled $7 million pre-tax, or $5 million after-tax and $0.01 per diluted share attributable to Macy’s, Inc. shareholders. This compares to the second quarter of 2018, when asset sale gains totaled $46 million pre-tax, or $34 million after-tax and $0.11 per diluted share attributable to Macy’s, Inc. shareholders.

    Asset sale gains for the first half of 2019 totaled $49 million pre-tax, or $36 million after-tax and $0.11 per diluted share attributable to Macy’s, Inc. shareholders. This compares to the first half of 2018, when asset sale gains totaled $70 million pre-tax, or $53 million after-tax and $0.17 per diluted share attributable to Macy’s, Inc. shareholders.

    Updated Guidance

    Macy's, Inc. is reaffirming its previously provided annual sales guidance for 2019. Based primarily on its second quarter of 2019 performance, the company is lowering its guidance for Diluted EPS, excluding settlement charges, impairment and other costs, by 20 cents.

    ?

    Revised 2019 Annual Guidance

    Original 2019 Annual Guidance?

    Comparable sales

    (owned plus licensed)

    Flat to up 1%

    Flat to up 1%

    Comparable sales

    (owned)

    Flat to up 1%

    Flat to up 1%

    Net sales

    Approximately flat

    Approximately flat

    Adjusted Diluted earnings per share

    $2.85 to $3.05

    $3.05 to $3.25

    Asset sale gains

    Approximately $100 million (or $0.25 per share)

    Approximately $100 million (or $0.25 per share)

    Annual tax rate

    23%

    23%

    Macy’s, Inc.’s revised Adjusted Diluted EPS guidance does not reflect the fourth tranche of tariffs on goods from China. In light of the announcement by the United States Trade Representative on August 13, 2019, the company is evaluating the details of these tariffs and is actively working with its vendor partners and suppliers in China to help mitigate potential impact.

    About Macy's, Inc.

    Macy’s, Inc. is one of the nation’s premier retailers, with fiscal 2018 sales of $24.971 billion and approximately 130,000 employees. The company operates approximately 680 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 190 specialty stores that include Bloomingdale’s The Outlet, Bluemercury, and Macy’s Backstage. Macy’s, Inc. operates stores in 43 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate headquarters in Cincinnati, Ohio, and New York, New York.

    All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed real estate and other transactions, prevailing interest rates and non-recurring charges, the effect of federal tax reform and potential changes to trade policies, store closings, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet, mail-order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission. Macy’s disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    NOTE: Additional information on Macy’s, Inc., including past news releases, is available at www.tiwu.org.cn/pressroom. A webcast of Macy's, Inc.’s call with analysts and investors will be held today (August 14, 2019) at 9:30 a.m. ET. The webcast, along with the associated presentation, is accessible to the media and general public via the company's website at www.tiwu.org.cn. Analysts and investors may call in on 1-888-254-3590, passcode 7241409. A replay of the conference call and slides can be accessed on the website or by calling 1-888-203-1112 (same passcode) about two hours after the conclusion of the call.

    Macy's, Inc. will report results for the third quarter 2019 on Thursday, November 21, 2019. Moving forward, the company will hold its call with analysts and investors at 8:00 a.m. ET.

    Macy's, Inc. is scheduled to present at the Goldman Sachs Annual Global Retailing Conference at 8:05 a.m. ET on Thursday, September 5, 2019, in New York City. Media and investors may access a live audio webcast of the presentation at www.tiwu.org.cn on September 5, 2019. A replay of the webcast will be available on the company’s website.

    MACY’S, INC.
    Consolidated Statements of Income (Unaudited) (Note 1 and Note 2)
    (All amounts in millions except percentages and per share figures)

    ?

    ?

    13 Weeks Ended

    ?

    13 Weeks Ended

    ?

    ?

    August 3, 2019

    ?

    August 4, 2018

    ?

    ?

    $

    ?

    % to
    Net sales

    ?

    $

    ?

    % to
    Net sales

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Net sales

    ?

    $

    5,546

    ?

    ?

    ?

    ?

    $

    5,572

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Credit card revenues, net

    ?

    176

    ?

    ?

    3.2

    %

    ?

    186

    ?

    ?

    3.3

    %

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Cost of sales

    ?

    (3,395

    )

    ?

    (61.2

    %)

    ?

    (3,320

    )

    ?

    (59.6

    %)

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Selling, general and administrative expenses

    ?

    (2,177

    )

    ?

    (39.3

    %)

    ?

    (2,164

    )

    ?

    (38.8

    %)

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Gains on sale of real estate

    ?

    7

    ?

    ?

    0.1

    %

    ?

    46

    ?

    ?

    0.8

    %

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Impairment and other costs

    ?

    (2

    )

    ?

    %

    ?

    (17

    )

    ?

    (0.3

    %)

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Operating income

    ?

    155

    ?

    ?

    2.8

    %

    ?

    303

    ?

    ?

    5.4

    %

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Benefit plan income, net

    ?

    8

    ?

    ?

    ?

    ?

    11

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Settlement charges

    ?

    ?

    ?

    ?

    ?

    (50

    )

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Interest expense, net

    ?

    (47

    )

    ?

    ?

    ?

    (62

    )

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Losses on early retirement of debt

    ?

    ?

    ?

    ?

    ?

    (5

    )

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Income before income taxes

    ?

    116

    ?

    ?

    ?

    ?

    197

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Federal, state and local income tax expense

    ?

    (30

    )

    ?

    ?

    ?

    (33

    )

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Net income

    ?

    86

    ?

    ?

    ?

    ?

    164

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Net loss attributable to noncontrolling interest

    ?

    ?

    ?

    ?

    ?

    2

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Net income attributable to Macy's, Inc. shareholders

    ?

    $

    86

    ?

    ?

    ?

    ?

    $

    166

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Basic earnings per share attributable to

    Macy's, Inc. shareholders

    ?

    $

    0.28

    ?

    ?

    ?

    ?

    $

    0.54

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Diluted earnings per share attributable to
    Macy's, Inc. shareholders

    ?

    $

    0.28

    ?

    ?

    ?

    ?

    $

    0.53

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Average common shares:

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Basic

    ?

    309.8

    ?

    ?

    ?

    ?

    307.7

    ?

    ?

    ?

    Diluted

    ?

    311.6

    ?

    ?

    ?

    ?

    312.0

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    End of period common shares outstanding

    ?

    308.9

    ?

    ?

    ?

    ?

    307.0

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Supplemental Financial Measures:

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Gross Margin (Note 3)

    ?

    $

    2,151

    ?

    ?

    38.8

    %

    ?

    $

    2,252

    ?

    ?

    40.4

    %

    Depreciation and amortization expense

    ?

    $

    237

    ?

    ?

    ?

    ?

    $

    235

    ?

    ?

    ?

    ?

    MACY’S, INC.
    Consolidated Statements of Income (Unaudited) (Note 1 and Note 2)
    (All amounts in millions except percentages and per share figures)

    ?

    ?

    26 weeks ended

    ?

    26 weeks ended

    ?

    ?

    August 3, 2019

    ?

    August 4, 2018

    ?

    ?

    $

    ?

    % to
    Net sales

    ?

    $

    ?

    % to
    Net sales

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Net sales

    ?

    $

    11,050

    ?

    ?

    ?

    ?

    $

    11,112

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Credit card revenues, net

    ?

    348

    ?

    ?

    3.1

    %

    ?

    343

    ?

    ?

    3.1

    %

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Cost of sales

    ?

    (6,798

    )

    ?

    (61.5

    %)

    ?

    (6,701

    )

    ?

    (60.3

    %)

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Selling, general and administrative expenses

    ?

    (4,287

    )

    ?

    (38.8

    %)

    ?

    (4,247

    )

    ?

    (38.2

    %)

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Gains on sale of real estate

    ?

    49

    ?

    ?

    0.4

    %

    ?

    70

    ?

    ?

    0.6

    %

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Impairment and other costs

    ?

    (3

    )

    ?

    %

    ?

    (36

    )

    ?

    (0.3

    %)

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Operating income

    ?

    359

    ?

    ?

    3.2

    %

    ?

    541

    ?

    ?

    4.9

    %

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Benefit plan income, net

    ?

    15

    ?

    ?

    ?

    ?

    22

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Settlement charges

    ?

    ?

    ?

    ?

    ?

    (50

    )

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Interest expense, net

    ?

    (94

    )

    ?

    ?

    ?

    (128

    )

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Losses on early retirement of debt

    ?

    ?

    ?

    ?

    ?

    (5

    )

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Income before income taxes

    ?

    280

    ?

    ?

    ?

    ?

    380

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Federal, state and local income tax expense

    ?

    (57

    )

    ?

    ?

    ?

    (84

    )

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Net income

    ?

    223

    ?

    ?

    ?

    ?

    296

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Net loss attributable to noncontrolling interest

    ?

    ?

    ?

    ?

    ?

    10

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Net income attributable to Macy's, Inc. shareholders

    ?

    $

    223

    ?

    ?

    ?

    ?

    $

    306

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Basic earnings per share attributable to

    Macy's, Inc. shareholders

    ?

    $

    0.72

    ?

    ?

    ?

    ?

    $

    0.99

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Diluted earnings per share attributable to
    Macy's, Inc. shareholders

    ?

    $

    0.71

    ?

    ?

    ?

    ?

    $

    0.98

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Average common shares:

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Basic

    ?

    309.5

    ?

    ?

    ?

    ?

    307.1

    ?

    ?

    ?

    Diluted

    ?

    311.5

    ?

    ?

    ?

    ?

    310.7

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    End of period common shares outstanding

    ?

    308.9

    ?

    ?

    ?

    ?

    307.0

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Supplemental Financial Measures:

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Gross Margin (Note 3)

    ?

    $

    4,252

    ?

    ?

    38.5

    %

    ?

    $

    4,411

    ?

    ?

    39.7

    %

    Depreciation and amortization expense

    ?

    $

    472

    ?

    ?

    ?

    ?

    $

    470

    ?

    ?

    ?

    ?

    MACY’S, INC.
    Consolidated Balance Sheets (Unaudited) (Note 2)
    (millions)

    ?

    ?

    August 3,
    2019

    ?

    February 2,
    2019

    ?

    August 4,
    2018

    ASSETS:

    ?

    ?

    ?

    ?

    ?

    ?

    Current Assets:

    ?

    ?

    ?

    ?

    ?

    ?

    Cash and cash equivalents

    ?

    $

    674

    ?

    ?

    $

    1,162

    ?

    ?

    $

    1,068

    ?

    Receivables

    ?

    240

    ?

    ?

    400

    ?

    ?

    261

    ?

    Merchandise inventories

    ?

    5,029

    ?

    ?

    5,263

    ?

    ?

    4,956

    ?

    Prepaid expenses and other current assets

    ?

    603

    ?

    ?

    620

    ?

    ?

    580

    ?

    Total Current Assets

    ?

    6,546

    ?

    ?

    7,445

    ?

    ?

    6,865

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Property and Equipment – net

    ?

    6,483

    ?

    ?

    6,637

    ?

    ?

    6,547

    ?

    Right of Use Assets

    ?

    2,636

    ?

    ?

    ?

    ?

    ?

    Goodwill

    ?

    3,908

    ?

    ?

    3,908

    ?

    ?

    3,908

    ?

    Other Intangible Assets – net

    ?

    440

    ?

    ?

    478

    ?

    ?

    483

    ?

    Other Assets

    ?

    728

    ?

    ?

    726

    ?

    ?

    865

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Total Assets

    ?

    $

    20,741

    ?

    ?

    $

    19,194

    ?

    ?

    $

    18,668

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    LIABILITIES AND SHAREHOLDERS’ EQUITY:

    ?

    ?

    ?

    ?

    ?

    ?

    Current Liabilities:

    ?

    ?

    ?

    ?

    ?

    ?

    Short-term debt

    ?

    $

    6

    ?

    ?

    $

    43

    ?

    ?

    $

    63

    ?

    Merchandise accounts payable

    ?

    1,674

    ?

    ?

    1,655

    ?

    ?

    1,795

    ?

    Accounts payable and accrued liabilities

    ?

    2,739

    ?

    ?

    3,366

    ?

    ?

    2,608

    ?

    Income taxes

    ?

    20

    ?

    ?

    168

    ?

    ?

    15

    ?

    Total Current Liabilities

    ?

    4,439

    ?

    ?

    5,232

    ?

    ?

    4,481

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Long-Term Debt

    ?

    4,680

    ?

    ?

    4,708

    ?

    ?

    5,473

    ?

    Long-Term Lease Liabilities

    ?

    2,836

    ?

    ?

    ?

    ?

    ?

    Deferred Income Taxes

    ?

    1,206

    ?

    ?

    1,238

    ?

    ?

    1,194

    ?

    Other Liabilities

    ?

    1,265

    ?

    ?

    1,580

    ?

    ?

    1,626

    ?

    Shareholders' Equity:

    ?

    ?

    ?

    ?

    ?

    ?

    Macy's, Inc.

    ?

    6,315

    ?

    ?

    6,436

    ?

    ?

    5,916

    ?

    Noncontrolling interest

    ?

    ?

    ?

    ?

    ?

    (22

    )

    Total Shareholders' Equity

    ?

    6,315

    ?

    ?

    6,436

    ?

    ?

    5,894

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Total Liabilities and Shareholders’ Equity

    ?

    $

    20,741

    ?

    ?

    $

    19,194

    ?

    ?

    $

    18,668

    ?

    ?

    MACY’S, INC.
    Consolidated Statements of Cash Flows (Unaudited) (Note 2 and Note 4)
    (millions)

    ?

    ?

    26 Weeks
    Ended

    ?

    26 Weeks
    Ended

    ?

    ?

    August 3,
    2019

    ?

    August 4,
    2018

    Cash flows from operating activities:

    ?

    ?

    ?

    ?

    Net income

    ?

    $

    223

    ?

    ?

    $

    296

    ?

    Adjustments to reconcile net income to net cash provided by operating activities:

    ?

    ?

    ?

    ?

    Impairment and other costs

    ?

    3

    ?

    ?

    36

    ?

    Settlement charges

    ?

    ?

    ?

    50

    ?

    Depreciation and amortization

    ?

    472

    ?

    ?

    470

    ?

    Stock-based compensation expense

    ?

    28

    ?

    ?

    31

    ?

    Gains on sale of real estate

    ?

    (49

    )

    ?

    (70

    )

    Deferred income taxes

    ?

    17

    ?

    ?

    36

    ?

    Benefit plans

    ?

    15

    ?

    ?

    18

    ?

    Amortization of financing costs and premium on acquired debt

    ?

    1

    ?

    ?

    (5

    )

    Changes in assets and liabilities:

    ?

    ?

    ?

    ?

    Decrease in receivables

    ?

    160

    ?

    ?

    88

    ?

    Decrease in merchandise inventories

    ?

    234

    ?

    ?

    221

    ?

    Decrease in prepaid expenses and other current assets

    ?

    19

    ?

    ?

    29

    ?

    Increase in merchandise accounts payable

    ?

    55

    ?

    ?

    219

    ?

    Decrease in accounts payable and accrued liabilities

    ?

    (619

    )

    ?

    (510

    )

    Decrease in current income taxes

    ?

    (149

    )

    ?

    (271

    )

    Change in other assets and liabilities

    ?

    (60

    )

    ?

    (94

    )

    Net cash provided by operating activities

    ?

    350

    ?

    ?

    544

    ?

    ?

    ?

    ?

    ?

    ?

    Cash flows from investing activities:

    ?

    ?

    ?

    ?

    Purchase of property and equipment

    ?

    (378

    )

    ?

    (275

    )

    Capitalized software

    ?

    (123

    )

    ?

    (133

    )

    Disposition of property and equipment

    ?

    59

    ?

    ?

    88

    ?

    Other, net

    ?

    (12

    )

    ?

    8

    ?

    Net cash used by investing activities

    ?

    (454

    )

    ?

    (312

    )

    ?

    ?

    ?

    ?

    ?

    Cash flows from financing activities:

    ?

    ?

    ?

    ?

    Debt issuance costs

    ?

    (3

    )

    ?

    ?

    Debt repaid

    ?

    (39

    )

    ?

    (357

    )

    Dividends paid

    ?

    (233

    )

    ?

    (232

    )

    Decrease in outstanding checks

    ?

    (128

    )

    ?

    (90

    )

    Issuance of common stock

    ?

    6

    ?

    ?

    38

    ?

    Proceeds from noncontrolling interest

    ?

    ?

    ?

    5

    ?

    Net cash used by financing activities

    ?

    (397

    )

    ?

    (636

    )

    ?

    ?

    ?

    ?

    ?

    Net decrease in cash, cash equivalents and restricted cash

    ?

    (501

    )

    ?

    (404

    )

    Cash, cash equivalents and restricted cash beginning of period

    ?

    1,248

    ?

    ?

    1,513

    ?

    ?

    ?

    ?

    ?

    ?

    Cash, cash equivalents and restricted cash end of period

    ?

    $

    747

    ?

    ?

    $

    1,109

    ?

    ?

    MACY’S, INC.
    Consolidated Financial Statements (Unaudited)

    Notes:

    (1)

    ? As a result of the seasonal nature of the retail business, the results of operations for the 13 and 26 weeks ended August?3, 2019 and August?4, 2018 (which do not include the Christmas season) are not necessarily indicative of such results for the fiscal year.

    ?

    ?

    (2)

    ? The results for the 13 and 26 weeks ended August?3, 2019 reflect the adoption of Accounting Standards Update 2016-02 (ASU 2016-02), Leases, on February 3, 2019, utilizing the modified retrospective approach which allowed for transition in the period of adoption.

    ?

    ?

    (3)

    ? Gross margin is defined as net sales less cost of sales.

    ?

    ?

    (4)

    ? Restricted cash of $73 million and $41 million have been included with cash and cash equivalents for the 26 weeks ended August 3, 2019 and August 4, 2018, respectively.? Further, reclassifications were made to certain prior period's amounts to conform with the classifications of such amounts in the most recent period.
    ? ? ?

    MACY’S, INC.
    Important Information Regarding Non-GAAP Financial Measures

    The company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that certain non-GAAP financial measures provide users of the company's financial information with additional useful information in evaluating operating performance. Management believes that providing supplemental changes in comparable sales on an owned plus licensed basis and changes in comparable sales on an owned plus licensed basis adjusted for the 53rd week calendar shift, which include adjusting for growth in comparable sales of departments licensed to third parties, assists in evaluating the company's ability to generate sales growth, whether through owned businesses or departments licensed to third parties, and in evaluating the impact of changes in the manner in which certain departments are operated. Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP financial measure which the company believes provides meaningful information about its operational efficiency by excluding the impact of changes in tax law and structure, debt levels and capital investment. In addition, management believes that excluding certain items from EBITDA, net income and diluted earnings per share attributable to Macy's, Inc. shareholders that are not associated with the company’s core operations and that may vary substantially in frequency and magnitude from period-to-period provides useful supplemental measures that assist in evaluating the company's ability to generate earnings and to more readily compare these metrics between past and future periods.

    The reconciliation of the forward-looking non-GAAP financial measure of changes in comparable sales on an owned plus licensed basis to GAAP comparable sales (i.e., on an owned basis) is in the same manner as illustrated below, except that the impact of growth in comparable sales of departments licensed to third parties is the only reconciling item. In addition, the company does not provide the most directly comparable forward-looking GAAP measure of diluted earnings per share attributable to Macy’s, Inc. shareholders excluding certain items because the timing and amount of excluded items are unreasonably difficult to fully and accurately estimate.

    Non-GAAP financial measures should be viewed as supplementing, and not as an alternative or substitute for, the company's financial results prepared in accordance with GAAP. Certain of the items that may be excluded or included in non-GAAP financial measures may be significant items that could impact the company's financial position, results of operations or cash flows and should therefore be considered in assessing the company's actual and future financial condition and performance. Additionally, the amounts received by the company on account of sales of departments licensed to third parties are limited to commissions received on such sales. The methods used by the company to calculate its non-GAAP financial measures may differ significantly from methods used by other companies to compute similar measures. As a result, any non-GAAP financial measures presented herein may not be comparable to similar measures provided by other companies.

    MACY’S, INC.
    Important Information Regarding Non-GAAP Financial Measures
    (All amounts in millions except percentages and per share figures)

    Changes in Comparable Sales

    ?

    ?

    ?

    13 Weeks Ended
    August 3, 2019

    ?

    26 Weeks Ended
    August 3, 2019

    ?

    ?

    ?

    ?

    ?

    Increase in comparable sales on an owned basis (Note 5)

    ?

    0.2

    %

    ?

    0.4

    %

    ?

    ?

    ?

    ?

    ?

    Comparable sales growth impact of departments licensed to third parties (Note 6)

    ?

    0.1

    %

    ?

    0.1

    %

    ?

    ?

    ?

    ?

    ?

    Increase in comparable sales on an owned plus licensed basis

    ?

    0.3

    %

    ?

    0.5

    %

    ?

    ?

    13 Weeks Ended
    August 4, 2018

    ?

    26 Weeks Ended
    August 4, 2018

    ?

    ?

    ?

    ?

    ?

    Increase in comparable sales on an owned basis (Note 5)

    ?

    0.0

    %

    ?

    1.9

    %

    ?

    ?

    ?

    ?

    ?

    Comparable sales growth impact of departments licensed to third parties (Note 6)

    ?

    0.5

    %

    ?

    0.4

    %

    ?

    ?

    ?

    ?

    ?

    Increase in comparable sales on an owned plus licensed basis

    ?

    0.5

    %

    ?

    2.3

    %

    ?

    ?

    ?

    ?

    ?

    Impact of 53rd Week Shifted Calendar

    ?

    1.8

    %

    ?

    (0.5

    )%

    ?

    ?

    ?

    ?

    ?

    53rd Week Shifted Calendar comparable sales on an owned plus licensed basis (Note 7)

    ?

    2.3

    %

    ?

    1.8

    %

    Notes:

    (5)?

    ? Represents the period-to-period percentage change in net sales from stores in operation throughout the year presented and the immediately preceding year and all online sales, excluding commissions from departments licensed to third parties. Stores impacted by a natural disaster or undergoing significant expansion or shrinkage remain in the comparable sales calculation unless the store, or material portion of the store, is closed for a significant period of time. Definitions and calculations of comparable sales may differ among companies in the retail industry.

    ?

    ?

    (6)?

    ? Represents the impact of including the sales of departments licensed to third parties occurring in stores in operation throughout the year presented and the immediately preceding year and all online sales in the calculation of comparable sales. The company licenses third parties to operate certain departments in its stores and online and receives commissions from these third parties based on a percentage of their net sales. In its financial statements prepared in conformity with GAAP, the company includes these commissions (rather than sales of the departments licensed to third parties) in its net sales. The company does not, however, include any amounts in respect of licensed department sales (or any commissions earned on such sales) in its comparable sales in accordance with GAAP (i.e., on an owned basis). The amounts of commissions earned on sales of departments licensed to third parties are not material to its net sales for the periods presented.

    ?

    ?

    (7)

    ? Represents comparable sales on an owned plus licensed basis that incorporates a shift of the company's fiscal 2017 calendar to align with fiscal 2018 on a like-for-like basis as a result of the 53rd week in fiscal 2017.
    ? ?

    MACY’S, INC.
    Important Information Regarding Non-GAAP Financial Measures

    Earnings before Interest, Taxes, Depreciation and Amortization, Net Income and Diluted Earnings Per Share Attributable to Macy's, Inc. Shareholders, Excluding Certain Items

    Non-GAAP financial measures, excluding certain items below, are reconciled to the most directly comparable GAAP measure as follows:

    • EBITDA and adjusted EBITDA are reconciled to GAAP net income attributable to Macy’s, Inc. shareholders.
    • Adjusted net income attributable to Macy’s, Inc. shareholders is reconciled to GAAP net income attributable to Macy’s, Inc. shareholders.
    • Adjusted diluted earnings per share attributable to Macy’s, Inc. shareholders is reconciled to GAAP diluted earnings per share attributable to Macy’s, Inc.

    Adjusted EBITDA

    ?

    ?

    ?

    13 Weeks Ended

    ?

    13 Weeks Ended

    ?

    ?

    August 3, 2019

    ?

    August 4, 2018

    ?

    ?

    ?

    ?

    ?

    Net income attributable to Macy's, Inc. shareholders

    ?

    $

    86

    ?

    ?

    $

    166

    ?

    Interest expense, net

    ?

    47

    ?

    ?

    62

    ?

    Losses on early retirement of debt

    ?

    ?

    ?

    5

    ?

    Federal, state and local income tax expense

    ?

    30

    ?

    ?

    33

    ?

    Depreciation and amortization

    ?

    237

    ?

    ?

    235

    ?

    EBITDA

    ?

    400

    ?

    ?

    501

    ?

    Impairment and other costs (Note 8)

    ?

    2

    ?

    ?

    15

    ?

    Settlement charges

    ?

    ?

    ?

    50

    ?

    Adjusted EBITDA

    ?

    $

    402

    ?

    ?

    $

    566

    ?

    ?

    ?

    26 Weeks Ended

    ?

    26 Weeks Ended

    ?

    ?

    August 3, 2019

    ?

    August 4, 2018

    ?

    ?

    ?

    ?

    ?

    Net income attributable to Macy's, Inc. shareholders

    ?

    $

    223

    ?

    ?

    $

    306

    ?

    Interest expense, net

    ?

    94

    ?

    ?

    128

    ?

    Losses on early retirement of debt

    ?

    ?

    ?

    5

    ?

    Federal, state and local income tax expense

    ?

    57

    ?

    ?

    84

    ?

    Depreciation and amortization

    ?

    472

    ?

    ?

    470

    ?

    EBITDA

    ?

    846

    ?

    ?

    993

    ?

    Impairment and other costs (Note 8)

    ?

    3

    ?

    ?

    28

    ?

    Settlement charges

    ?

    ?

    ?

    50

    ?

    Adjusted EBITDA

    ?

    $

    849

    ?

    ?

    $

    1,071

    ?

    Note 8: The above pre-tax adjustments for the 13 and 26 weeks ended August 4, 2018 exclude impairment and other costs attributable to the noncontrolling interest shareholder of $2 million and $8 million, respectively.

    MACY’S, INC.
    Important Information Regarding Non-GAAP Financial Measures

    Adjusted Net Income and Adjusted Diluted Earnings Per Share Attributable to Macy's, Inc. Shareholders

    ?

    ?

    ?

    13 Weeks Ended

    ?

    13 Weeks Ended

    ?

    ?

    August 3, 2019

    ?

    August 4, 2018

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Net Income
    Attributable to
    Macy's, Inc.
    Shareholders

    ?

    Diluted
    Earnings
    Per Share

    ?

    Net Income
    Attributable to
    Macy's, Inc.
    Shareholders

    ?

    Diluted
    Earnings
    Per Share

    As reported

    ?

    $

    86

    ?

    ?

    $

    0.28

    ?

    ?

    $

    166

    ?

    ?

    $

    0.53

    ?

    Impairment and other costs (Note 9)

    ?

    2

    ?

    ?

    ?

    ?

    15

    ?

    ?

    0.05

    ?

    Settlement charges

    ?

    ?

    ?

    ?

    ?

    50

    ?

    ?

    0.16

    ?

    Losses on early retirement of debt

    ?

    ?

    ?

    ?

    ?

    5

    ?

    ?

    0.02

    ?

    Income tax impact of certain items identified above (Note 10)

    ?

    ?

    ?

    ?

    ?

    (17

    )

    ?

    (0.06

    )

    As adjusted

    ?

    $

    88

    ?

    ?

    $

    0.28

    ?

    ?

    $

    219

    ?

    ?

    $

    0.70

    ?

    ?

    ?

    26 Weeks Ended

    ?

    26 Weeks Ended

    ?

    ?

    August 3, 2019

    ?

    August 4, 2018

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    ?

    Net Income
    Attributable to
    Macy's, Inc.
    Shareholders

    ?

    Diluted
    Earnings
    Per Share

    ?

    Net Income
    Attributable to
    Macy's, Inc.
    Shareholders

    ?

    Diluted
    Earnings
    Per Share

    As reported

    ?

    $

    223

    ?

    ?

    $

    0.71

    ?

    ?

    $

    306

    ?

    ?

    $

    0.98

    ?

    Impairment and other costs (Note 9)

    ?

    3

    ?

    ?

    0.01

    ?

    ?

    28

    ?

    ?

    0.09

    ?

    Settlement charges

    ?

    ?

    ?

    ?

    ?

    50

    ?

    ?

    0.16

    ?

    Losses on early retirement of debt

    ?

    ?

    ?

    ?

    ?

    5

    ?

    ?

    0.02

    ?

    Income tax impact of certain items identified above (Note 10)

    ?

    (1

    )

    ?

    ?

    ?

    (20

    )

    ?

    (0.06

    )

    As adjusted

    ?

    $

    225

    ?

    ?

    $

    0.72

    ?

    ?

    $

    369

    ?

    ?

    $

    1.19

    ?

    Note 9: The above pre-tax adjustments for the 13 and 26 weeks ended August 4, 2018 exclude impairment and other costs attributable to the noncontrolling interest shareholder of $2 million and $8 million, respectively.

    Note 10: The impact during the 13 and 26 weeks ended August 3, 2019 represents a value less than zero for net income attributable to Macy's, Inc. shareholders or $0.01 per diluted share attributable to Macy's, Inc. shareholders.

    Media – Blair Fasbender Rosenberg
    646-429-6032
    media@macys.com

    Investors – Mike McGuire
    513-579-7780
    investors@macys.com

    Source: Macy’s, Inc.

    ]]>
    Feel All Brand New With Back-To-School Style From Macy’s /investors/news-events/press-releases/detail/1572/feel-all-brand-new-with-back-to-school-style-from-macys Thu, 01 Aug 2019 11:00:00 -0400 /investors/news-events/press-releases/detail/1572/feel-all-brand-new-with-back-to-school-style-from-macys Make an entrance this school year with fashion, beauty, and home must-haves that celebrate the remarkable you

    NEW YORK--(BUSINESS WIRE)-- Macy’s is prepping kids for the new school year with confidence and fresh style. From fashion and beauty picks to dorm essentials, students of all ages can find everything they need to conquer a new season of classes. Check out all the hottest back-to-school styles at macys.com/backtoschool. Macy’s new campaign, All Brand New, celebrates kids’ individuality and self-expression as they arrive on campus to take on the year.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190801005653/en/

    Get ready to shine this school year at Macy’s. Champion For Kids Styles, $14.00-$28.00 (Photo: Business Wire)

    Get ready to shine this school year at Macy’s. Champion For Kids Styles, $14.00-$28.00 (Photo: Business Wire)

    “A new school year is a blank slate and the perfect chance to showcase the latest fashion this fall,” said Durand Guion, vice president, Macy’s Fashion Office. “Macy’s has the perfect pieces to make every student feel their best, including the best in denim, backpacks for every age, and dorm essentials to make their space feel like home.”

    Back to school is a big moment, and Macy’s is celebrating the universal feeling of endless possibilities with the marketing campaign, All Brand New. A great look can make anyone feel empowered and confident, and Macy’s advertising spot features kids arriving on campus in style, dancing to the beat of the Danger Twins song “All Brand New” in fresh looks through parking lots, off the bus, at the pep rally, and through woodshop class. Created in collaboration with Chicago-based creative agency Major Behavior, LLC, the campaign is airing on broadcast and digital now.

    On social, Macy’s is leveraging TikTok to create the “All Brand New Challenge,” encouraging users to record their own content and inspire others to share their unique style in celebration of the start of the school year.

    Macy’s will also be joining with Snap and NBCUniversal exclusively for season 3 of the Snap Original “The Dead Girls Detective Agency.” The series returns August 11 on Snapchat’s Discover page and Macy’s will be integrated throughout the season with mentions, products and an opportunity for viewers to shop back-to-school looks. This will be the first “swipe up to shop” opportunity from a non-skippable Commercial within a scripted Snap Original season takeover, allowing viewers to directly shop a Macy’s back-to-school look.

    Back-to-School Fashion

    Head back to the college campus with head-turning style. Coordinated active looks from Champion are perfect for hitting the gym and transform effortlessly when mixed and matched with denim. A perfect pair of high-rise Levi’s is a staple for every occasion from class to weekend, especially when topped off with statement sneakers or lug-soled shoes from brands like Steve Madden and Bar III. Keep hands free with belt bags or stash your books in a chic backpack.

    Hit the halls with statement pieces featuring bold black and red combos this fall. From cool denim by Calvin Klein Jeans to athletic apparel from Nike, there’s a look for every personality. Test drive this dual-color trend with matching sets by I.N.C. International Concepts and logo tees by Armani Exchange.

    For kids, logo sets from Adidas and Under Armour are still king of the playground. Have a little fun with character tees and colorfully printed backpacks. Ideology tees, shorts, and athletic pants are perfect for the athlete in training, while Tommy Hilfiger offers laidback denim for every kid.

    Dorm

    Make your dorm or apartment the ultimate hang out spot this school year with décor and home essentials from Macy’s. Students can show off their creative side with trendy bedding from Martha Stewart Collection or patterned sheets from Sanders. Moving from a dorm to an apartment? Bring your favorite home-cooked meals to school by learning to make Mom and Dad’s favorite recipes with Rachael Ray’s 14-pc. cookware set. Kick off the fall semester on a healthy note by making hydration a priority with a thermal bottle from Goodful. Available in four colors, this bottle will keep beverages cool or hot throughout long days and busy schedules.

    Beauty

    Prepare to shine this school year with beauty tools and products that will last throughout students’ activities. Whether it’s studying after class, practicing for the big game, or an afternoon spent with friends, Macy’s has the beauty tools and products students need to be their most remarkable selves. Create eye looks that go from class to a night out at the movies with the Buxom Cosmetics Boss Babe Betty palette. Great for beginners or the make-up guru, this palette features primer-infused eye shadows in multiple finishes – perfect for mixing up looks throughout the week.

    Put a fresh face forward this school year with a skincare routine that is created for all concerns – whether it’s breakouts or an extra bit of moisture, Macy’s has solutions at all price points. For those on the go, the travel-sized Clinique Acne Solutions set is an easy, three-step process and fits perfectly in a backpack or gym bag. Prevent further breakouts by incorporating BareMinerals gentle cleanser “Blemish Remedy” into your wake-up call. For those looking to keep skin clean without harsh chemicals, makeup and skincare from PUR and Beauty by POPSUGAR will give students the looks they love.

    Turn heads in the hallways with healthy hair by using the Verb Ghost shampoo and conditioner infused with moringa oil. Need a mid-day touchup? Styling your hair is stress-free with the T3 compact folding hair dryer and Wet Brush Pro Flex dry paddle brush for minimal breakage and smooth locks.

    Get enviable arches this year. Swing by a Macy’s location with a Benefit Brow bar and receive expert help with eyebrow styling, waxing and mapping. What’s more, students can find a location nearest them and conveniently book an appointment online at m.benefitbrowbars.com.

    Back-to-School Deals

    Back to school is the perfect time to stack up the savings on all the most stylish pieces. From juniors to kids to home, Macy’s is the destination to start fall in fashion wearing all the top brands. Find deals on all the checklist items including backpacks, jeans, shoes, athletic wear, and more. Visit your local Macy’s store and macys.com for savings throughout the season.

    About Macy’s

    Macy's is America’s store for life. The largest retail brand of Macy's, Inc. (NYSE:M) delivers quality fashion at affordable prices to customers at approximately 640 locations in 43 states, the District of Columbia, Puerto Rico, and Guam, as well as to customers in more than 100 international destinations through leading e-commerce site macys.com. Macy's inspires fashion exploration and discovery through the most desired family of exclusive brands for her, for him, for the home, and via our dynamic mobile and social platforms. We know the power of celebration, demonstrated through decades of memorable experiences created during Macy's 4th of July Fireworks? and Macy's Thanksgiving Day Parade?, as well as spectacular fashion shows, culinary events, flower shows, and celebrity appearances. Macy's flagship stores – including New York City’s Herald Square – are internationally renowned and preeminent destinations for tourists. With the collective support of our customers and employees, Macy's builds community and helps make a difference in every market we serve, supporting local and national charities by giving nearly $50 million each year, plus 146,000 hours of volunteer service. For more than 160 years, Macy’s has, and continues to, make life shine brighter for our customers, colleagues, and communities.

    Bailey Thomas, Macy’s Media Relations
    646-429-7447; bailey.j.thomas@macys.com

    Erica White, Macy’s Media Relations
    646-429-7470; erica.white@macys.com

    Source: Macy’s

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    Macy’s, Inc. To Report Second Quarter Results on August 14 /investors/news-events/press-releases/detail/1571/macys-inc-to-report-second-quarter-results-on-august-14 Wed, 31 Jul 2019 16:30:00 -0400 /investors/news-events/press-releases/detail/1571/macys-inc-to-report-second-quarter-results-on-august-14 CINCINNATI--(BUSINESS WIRE)-- Macy’s, Inc. (NYSE:M) is scheduled to report its second quarter 2019 sales and earnings before the opening of financial markets on Wednesday, August 14, 2019.

    The company will webcast a call with financial analysts and investors that day at 9:30 a.m. ET. Macy’s, Inc.’s webcast, along with the associated presentation, is accessible to the media and general public via the company's website at www.tiwu.org.cn. Analysts and investors may call in on 1-888-254-3590, passcode 6329905. A replay of the conference call and slides can be accessed on the website or by calling 1-888-203-1112 (same passcode) about two hours after the conclusion of the call.

    About Macy's, Inc.

    Macy’s, Inc. is one of the nation’s premier retailers, with fiscal 2018 sales of $24.971 billion and approximately 130,000 employees. The company operates approximately 680 department stores under the nameplates Macy’s and Bloomingdale’s, and nearly 190 specialty stores that include Bloomingdale’s The Outlet, Bluemercury, and Macy’s Backstage. Macy’s, Inc. operates stores in 43 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate offices in Cincinnati, Ohio, and New York, New York.

    Media – Blair Fasbender Rosenberg
    646-429-6032
    media@macys.com

    Investors – Mike McGuire
    212-494-1621
    investors@macys.com

    Source: Macy’s, Inc.

    ]]>
    Snoopy Is Cleared for Take-off /investors/news-events/press-releases/detail/1570/snoopy-is-cleared-for-take-off Sat, 13 Jul 2019 11:00:00 -0400 /investors/news-events/press-releases/detail/1570/snoopy-is-cleared-for-take-off

            Snoopy, the World’s Most Beloved Beagle and the Longest Flying Character in Macy’s Thanksgiving Day Parade? History, Returns to the Sky This November to Celebrate the 50th Anniversary of the Moon Landing and Future Space Missions

            NEW YORK--(BUSINESS WIRE)-- Mission Control … Snoopy is cleared for launch in 5, 4, 3, 2, 1, Let’s Have a Parade?! On Thursday, November 28, 2019, Snoopy, the world’s most beloved beagle, returns to the sky above New York City for the 93rd annual Macy’s Thanksgiving Day Parade?. Celebrating the wonder of space flight, Snoopy, decked in astronaut gear, will launch his new mission in celebration of the 50th anniversary of the moon landing this year and future missions to the moon and beyond. Snoopy is the longest running giant character balloon in the Macy’s Parade and this newest design marks the eighth version of the beloved Charles M. Schulz comic character.

            This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190713005020/en/

            Snoopy Is Cleared for Take-off for the 93rd Annual Macy’s Thanksgiving Day Parade? in Celebration of the 50th Anniversary of the Moon Landing and Future Space Missions (Graphic: Business Wire)

            Snoopy Is Cleared for Take-off for the 93rd Annual Macy’s Thanksgiving Day Parade? in Celebration of the 50th Anniversary of the Moon Landing and Future Space Missions (Graphic: Business Wire)

            “Snoopy flying in the Macy’s Parade has become a tradition that fans from all over the world expect and have loved to enjoy for more than four decades,” said Jordan Dabby, producer of Macy’s Thanksgiving Day Parade. “This year’s flight will not only extend Snoopy’s record as the character with the most balloon designs to eight, but will add a record-extending 40th flight in the Macy’s Parade line-up. We are thrilled that he is coming back dressed in the style of a modern day astronaut, after having first debuted as an Apollo astronaut in the 1969 Macy’s Parade.”

            “When Peanuts signed a Space Act Agreement with NASA last year, we committed to working to bring the joys of space exploration and STEM into the lives of today’s kids, and to honoring the legacy of Snoopy’s history with NASA,” said Roz Nowicki, executive vice-president, Peanuts Worldwide. “Astronaut Snoopy has flown to space in the form of the Silver Snoopy award, and we are thrilled that he will once again fly down the Macy’s Thanksgiving Day Parade route, inspiring fans of all ages to look up and engage in the excitement of space.”

            In addition to celebrating the 50th year of the Apollo 11 moon landing with his new guise resembling an astronaut, Snoopy will also mark the 50th anniversary of his first flight as an astronaut in the 1969 Parade. Snoopy made his debut in the 1968 Macy’s Parade and has been a crowd favorite ever since. Over the years, Snoopy has taken on a variety of roles from an Astronaut (1969-1977) to an Ice Skater (1986-1987). From 1988 to 1994, he appeared as Ice Skater Snoopy along with his pal Woodstock. From 1999 to 2001, he partied down Manhattan as Millennium Snoopy. Snoopy’s favorite guise has been as the Flying Ace (1968, 1978-1985, 2006-2011), hunting down the dreaded Red Baron. Before taking up space flight once again, Snoopy, with pal Woodstock perched on his head, took a few leisurely holiday flights down the 2.5-mile Parade route from 2013-2015.

            Designed by the artists of Macy’s Parade Studio in collaboration with the PEANUTS team, the newest Astronaut Snoopy is sure to live up to the incredible high-flying legacy of his predecessors. Dressed in an orange flight suit and helmet similar to a modern astronaut, Snoopy will set out for the cosmos on Thanksgiving to delight more than 3.5 million spectators and more than 50 million television viewers nationwide. Joining the fun will be his PEANUTS pals including Charlie Brown, who will ride on the Snoopy’s Doghouse float with a few special guests.

            The 93rd annual Macy’s Thanksgiving Day Parade airs nationwide on NBC-TV, on Thursday, November 28, 2019 from 9 a.m. – noon, in all time zones.

            About the Macy’s Thanksgiving Day Parade:

            With more than 50 million viewers across the country and more than 3.5 million spectators that line up along the streets of New York City each year, the Macy’s Thanksgiving Day Parade is a national icon that has grown into a world-famous holiday event. For more than 90 years, the Macy’s Thanksgiving Day Parade has marked the official start of the holiday season. Growing in size and scale, the Parade proudly marches down a more than 2-mile route in New York City with more than 8,000 participants in tow including Macy’s employees, their families, celebrities, athletes, clowns and dance groups spreading holiday cheer. The Parade also features America’s best marching bands, fabulous floats and Macy’s signature giant helium character balloons. For more information on the Macy’s Parade please visit http://www.macys.com/parade or call the Parade hotline at (212) 494-4495.

            About Peanuts:

            Charles M. Schulz first introduced the world to the Peanuts characters in 1950, when the Peanuts comic strip debuted in seven newspapers. Since then, Charlie Brown, Snoopy and the rest of the Peanuts gang have made an indelible mark on popular culture. Peanuts animated specials and series air on major networks and streaming services, including ABC, Cartoon Network and Boomerang in the U.S., Family Channel in Canada, and the WildBrain network on YouTube worldwide. Fans also enjoy Peanuts through thousands of consumer products around the world, amusement parks attractions, cultural events, social media, and a daily comic strip available in all formats from traditional to digital. In 2018, Peanuts partnered with NASA on a multi-year Space Act Agreement designed to inspire a passion for space exploration and STEM among the next generation of students. The Peanuts characters and related intellectual property are 41% owned by DHX Media (TSX: DHX, NASDAQ: DHXM), 39% owned by Sony Music Entertainment (Japan) Inc., and 20% owned by family of Charles M. Schulz.

            Macy’s Thanksgiving Day Parade:
            Orlando Veras
            646.429.7450
            Orlando.Veras@macys.com

            Peanuts Worldwide:
            Melissa Menta
            212.293.8506
            Melissa.Menta@peanuts.com

            Source: Macy’s

            一本道mw高清码二区三区 ]]>
            STORY at Macy’s Presents: Outdoor! /investors/news-events/press-releases/detail/1569/story-at-macys-presents-outdoor Tue, 09 Jul 2019 08:00:00 -0400 /investors/news-events/press-releases/detail/1569/story-at-macys-presents-outdoor

            Bringing the Outdoors Indoors with DICK’S Sporting Goods and Miracle-Gro?

            NEW YORK--(BUSINESS WIRE)-- STORY at Macy’s?(NYSE:M), the always changing “store to explore” within 36 Macy’s locations nationwide, unveils its second experiential concept: Outdoor STORY. A collaboration with DICK’S Sporting Goods and Miracle-Gro?, this adventure-filled story opens today and runs until September, offering Macy’s customers an outdoor-inspired playground that places an editorial focus on entertaining, bringing the outside indoors, as well as recreational activities. STORY at Macy’s explores the theme through a mix of curated merchandise from more than 70 brands, dynamic store design, and community-focused event programming which ranges from indoor gardening workshops to outdoor activities such as kayaking on the Hudson River.

            This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190709005488/en/

            STORY at Macy’s presents Outdoor! Bringing the outdoors indoors with DICK’S Sporting Goods and Miracle-Gro?

            STORY at Macy’s presents Outdoor! Bringing the outdoors indoors with DICK’S Sporting Goods and Miracle-Gro?

            To bring some outdoor experts to the table, STORY at Macy’s teamed up with DICK’S and Miracle-Gro. What better way to bring the outdoors to life than through inspired, exclusive merchandise that calls you to get outside and then to bring the splendor of nature to your indoor spaces through a range of plants, indoor gardens and curated products.

            Outdoor STORY marks a set of firsts for Macy’s, as the national department store partners with the nation’s largest sporting goods retailer, DICK’S, and the category leader in gardening, Miracle-Gro, to bring the theme to life. “When Rachel Shechtman, founder of STORY, came to me with the concept, I paused, because I wouldn’t have thought about partnering with another retailer to sell outdoor products at Macy’s. However, as she presented her ideas and the merchandise her team was envisioning, it made a lot of sense. I reached out to Ed Stack, chairman & CEO of DICK’S, knowing that this would be a first for them as well – to share their exclusive private brand assortment in another major retailer – but he also saw the creative vision and we had the deal done and partnership launched in less than two months,” shared Jeff Gennette, chairman and CEO of Macy’s, Inc.

            Outdoor STORY will further support the Macy’s brand experience team’s ‘test and learn’ approach via a variety of cross-merchandising strategies and event programming that showcases the community of each brand. “I think people may be surprised and intrigued by our partnerships, and that is exactly what we wanted. We want to show both consumers, as well as businesses, that collaboration is the new competition; bringing together brands as storytellers to add authority and authenticity to a subject matter, like we are doing with DICK’S and Miracle-Gro, benefits both the customer and the business,” commented Rachel Shechtman, Macy’s brand experience officer and founder of STORY. As the retail industry continues to evolve, Shechtman noted that, “The timing felt right to lean on each brand’s respective strengths to empower new modes of collaboration and learning.”

            DICK’S Sporting Goods

            STORY at Macy’s signature, collaborative DNA is further expressed through the first-of-its-kind partnership for Macy’s and DICK’S. The sporting goods retailer will come to life inside STORY through a highly curated mix of apparel and hard goods from DICK’S own private brands, Alpine Design and Field & Stream, making this their first debut at another major retailer. “We see this retail collaboration between Macy’s, Miracle-Gro and DICK’S as a way to showcase how three very different American-made companies can come together to create a unique shopping experience for all customers. We wish to thank the entire STORY team for thinking of DICK’S first when seeking an outdoor partner for this summer outdoor collaboration,” said Stack.

            Miracle-Gro

            Outdoor STORY brings nature indoors with a range of products and events that leverage the power and expertise of Miracle-Gro. All 36 STORY at Macy’s locations will feature the newly launched Miracle-Gro? Twelve? Indoor Growing System, an easy-to-use, hydroponic unit specifically designed to blend seamlessly with existing home décor while growing a wide variety of foods like lettuce, kale, basil and mint indoors. Harvesting your favorite fresh veggies and herbs year-round has never been easier! The Miracle-Gro? Twelve? Indoor Growing System will be sold in-store and online at www.macys.com/outdoorstory.

            In addition to furniture that grows, STORY at Macy’s shoppers will be able to purchase a range of live plants to highlight favorite spots in their home and living spaces. Outdoor STORY will serve as an experiential teaser campaign for Greendigs, a new online brand with a mission to make the spaces in your life better with plants. Backed by the power of ScottsMiracle-Gro? and a designer’s eye, Greendigs is about inspiring people to find, care for, and grow plants in and around their homes. This Macy’s curated selection of plants, planters, and other plant care items was designed to make growing and caring for plants simple. Greendigs will officially debut in the fall, following its STORY at Macy’s test run. “We are always innovating at ScottsMiracle-Gro with new products like Miracle-Gro Twelve and new ways to reach new consumers like STORY at Macy’s. Plant care is our business, creating real world and digital opportunities to inform consumers about how to care for the plants in their lives is what we do. Bringing the outside in with Outdoor STORY is a brilliant approach to introduce our new solutions like Miracle-Gro Twelve and new brands like Greendigs to consumers,” said Patti Ziegler, chief Digital and Marketing Services Officer, ScottsMiracle-Gro.

            DICK’S Sporting Goods and Miracle-Gro were attracted to the opportunity to bring their respective brands to life in a highly-shareable setting, a defining feature of STORY at Macy’s, as recently evidenced by its launch concept, Color STORY. David Stark Design once again brings an ambitious creative vision to the spaces, taking customers on an outdoor adventure through lush greenery, playful landscapes, and endlessly Instagram-friendly moments, including kidpreneur Mikaila Ulmer’s Me & the Bees? lemonade stand at Herald Square. After the success of its popular spectrum installation in Color STORY, Current by GE will be back for Outdoor STORY. For this theme, Current by GE’s Tetra contour lighting will highlight ‘greenhouses’ on the main floor of Herald Square, guiding customers through a fauna circus on the mezzanine.

            At all locations nationwide, STORY will host a range of dynamic indoor and outdoor activities!

            EVENTS

            Over the span of two months, STORY at Macy’s will program more than 250 events taking place at 36 locations nationwide. The events will spotlight local experts, while bringing the values of DICK’S Sporting Goods and Miracle-Gro to life through hands-on workshops and outdoor activities. Highlights include herb garden planting, planter customization workshops, terrarium making classes, tie-dye t-shirt making tutorials, cornhole tournaments and barbecue cooking classes that will feature a make your own custom BBQ sauce station.

            Below are some of the community event highlights:

            Saturday July 13, noon to 5 p.m.

            Pick Up Games with DICK’S Sporting Goods. Press play and join us for a festival of summer games with the ultimate cornhole tournament. We're bringing the outdoors in and playing this backyard favorite to give you a chance to compete for fun prizes.

            Wednesday, July 24, 6:30 p.m.

            Floral Pressing + Journal Making Workshop with Miracle-Gro. Creativity is in bloom! Learn to use nature as a means of self-expression and to press flowers like a pro. Each guest will start a journal at this workshop and will be able to continue the lesson as they add their own flowers in the future.

            Wednesday, July 31, 6:30 p.m.

            Herb garden planting & customization workshop with Miracle-Gro. Roll up your sleeves and create your own customized mini herb garden at this hands-on workshop. Choose your edible herbs, decorate your pots using paint, tape, and chalk, and take home your very own mini garden.

            Wednesday, August 7, 6:30 p.m.

            Bottle Service BBQ Sauce making. Join us to turn up the heat and discover how to combine ingredients to create your very own BBQ sauce. We'll be experimenting with flavor profiles, spices, and bases to create the ultimate summer sauce at this hands-on cooking workshop.

            Wednesday, August 14, 6:30 p.m.

            Terrarium Building Bar with Miracle-Gro. Bring the desert vibes indoors! Create a customized terrarium at our build your own terrarium bar and choose from an assortment of mini cacti and succulents and learn everything you need to know to keep your plants healthy and happy.

            Saturday, August 17, 3 p.m.

            Up, Up and Away: Kite Customization. Join us for this hands-on customization workshop and add your personal touches to ensure your kite stands out in the sky.

            Saturday, August 24, 3 p.m.

            DIY Days: Plant and Flower Tie-dye Workshop. Draw color from the earth and tie-dye basics using natural dyes and flower petals. Craft your own one-of-a kind tie-dye wonder using beets, turmeric, and indigo. Plus, add unique patterns by folding colorful petals into the mix.

            For more information on STORY at Macy’s locations and for a listing of events by store, please visit macys.com/STORY.

            Outdoor STORY launches today at all STORY at Macy’s locations:

            ● Macy’s South Coast Plaza – Costa Mesa, CA

            ● Macy’s Newport Fashion Island – Newport Beach, CA

            ● Macy’s Stoneridge – Pleasanton, CA

            ● Macy’s Union Square – San Francisco, CA

            ● Macy’s Westfield Valley Fair – Santa Clara, CA

            ● Macy’s Boca Raton Town Center – Boca Raton, FL

            ● Macy’s Dadeland – Miami, FL

            ● Macy’s Orlando Millenia – Orlando, FL

            ● Macy’s Lenox Square- Atlanta, GA

            ● Macy’s Perimeter – Atlanta, GA

            ● Macy’s State Street – Chicago, IL

            ● Macy’s Woodfield – Schaumburg, IL

            ● Macy’s Castleton Square – Indianapolis, IN

            ● Macy’s Fayette – Lexington, KY

            ● Macy’s Ridgedale – Minnetonka, MN

            ● Macy’s Las Vegas Fashion Show – Las Vegas, NV

            ● Macy’s Bridgewater – Bridgewater Township, NJ

            ● Macy’s Freehold – Freehold Township, NJ

            ● Macy’s Short Hills – Short Hills, NJ

            ● Macy’s Willowbrook – Wayne, NJ

            ● Macy’s Brooklyn – Brooklyn, NY

            ● Macy’s Roosevelt Field – Long Island, NY

            ● Macy’s Herald Square – New York, NY

            ● Macy’s Queens Center – Queens, NY

            ● Macy’s Cross County – Yonkers, NY

            ● Macy’s Kenwood Towne Centre – Cincinnati, OH

            ● Macy’s Easton Town Center – Columbus, OH

            ● Macy’s Polaris Fashion Place – Columbus, OH

            ● Macy’s Center City – Philadelphia, PA

            ● Macy’s Ross Park – Pittsburgh, PA

            ● Macy’s Northpark Center – Dallas, TX

            ● Macy’s Houston Galleria – Houston, TX

            ● Macy’s Memorial City – Houston, TX

            ● Macy’s Bellevue – Bellevue, WA

            ● Macy’s Alderwood – Lynwood, WA

            ● Macy’s Metro Center – Washington, D.C.

            About STORY

            STORY is a retail concept that changes every few months to bring a new narrative experience to life through curated merchandise and event programming. The ever-changing experience began in 2010 in New York City, where STORY operated as an independent small business for seven years and pioneered a retail as media business model that changed every eight weeks to open a new theme while engaging brands as sponsors for each themed story. Macy’s acquired STORY in 2018 and its founder, Rachel Shechtman, now serves as Macy’s brand experience officer. STORY relaunched in spring of 2019 as STORY at Macy’s. Visit macys.com/STORY for more information.

            About Macy’s

            Macy's is America’s store for life. The largest retail brand of Macy's, Inc. (NYSE:M) delivers quality fashion at affordable prices to customers at approximately 640 locations in 43 states, the District of Columbia, Puerto Rico, and Guam, as well as to customers in more than 200 international destinations through leading e-commerce site macys.com. Macy's inspires fashion exploration and discovery through the most desired family of exclusive brands for her, for him, for the home, and via our dynamic mobile and social platforms. We know the power of celebration, demonstrated through decades of memorable experiences created during Macy's 4th of July Fireworks? and Macy's Thanksgiving Day Parade?, as well as spectacular fashion shows, culinary events, flower shows, and celebrity appearances. Macy's flagship stores – including New York City’s Herald Square – are internationally renowned and preeminent destinations for tourists. With the collective support of our customers and employees, Macy's builds community and helps make a difference in every market we serve, supporting local and national charities by giving nearly $50 million each year, plus 146,000 hours of volunteer service. For more than 160 years, Macy’s has, and continues to, make life shine brighter for our customers, colleagues, and communities.

            For Macy’s media materials, including images and contacts, please visit our online pressroom at macysinc.com/news-media.

            Radina Russell
            646-429-7358
            Radina.Russell@macys.com

            Orlando Veras
            646-429-7450
            Orlando.Veras@macys.com

            Source: Macy’s

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            Find the Ultimate Gift for Your Favorite Guy This Father’s Day at Macy’s /investors/news-events/press-releases/detail/1568/find-the-ultimate-gift-for-your-favorite-guy-this Wed, 05 Jun 2019 09:00:00 -0400 /investors/news-events/press-releases/detail/1568/find-the-ultimate-gift-for-your-favorite-guy-this

            Shop Macy’s stores and macys.com/gifts for a thoughtful assortment of items that Dad will love.

            NEW YORK--(BUSINESS WIRE)-- This Father’s Day, celebrate Dad and all the special father figures in your life with top gifts from Macy’s (NYSE:M). With a curated assortment of must-haves, it’s easier than ever to select the perfect item to thrill the dapper dresser, fun foodie or grooming guru in the family. For a look at the latest trends in gifting, visit macys.com/gifts for simple, stress-free shopping by category or price point. Order Dad’s gifts on macys.com by June 11 with Standard Shipping to receive in time for Father’s Day. Need some extra shopping time? For those last-minute online shoppers, orders placed on macys.com by 5 p.m. on June 12 with Express Shipping will arrive in time for Father’s Day celebrations.

            This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190605005128/en/

            Celebrate Dad in style this Father’s Day with a thoughtful gift from Macy’s. Tommy Hilfiger Camp Col ...

            Celebrate Dad in style this Father’s Day with a thoughtful gift from Macy’s. Tommy Hilfiger Camp Collar Shirts, $69.50 each. (Photo: Business Wire)

            “Father’s Day is a time to celebrate those who go above and beyond in our lives,” said Durand Guion, vice president, Macy’s Fashion Office. “We want to show Dads that their efforts do not go unnoticed by highlighting their style and personality with gifts tailored to their hobbies and favorite pastimes. Whether he is a style enthusiast, life of the party, sportsman or groomed to perfection, our goal is to give back to the Dads and father figures that do it all.”

            Whether it’s a new grill, a custom tailored suit, a unique scent or a fresh pair of shoes, the experts in Macy’s Fashion Office have hand-selected the right gift for Dad. For those looking for more options, macys.com now offers a wider selection than ever before in apparel, home and grooming through Macy’s vendor direct program, making shopping online for that special gift an easy task.

            Looking to give back while you shop for Dad? Now through June 17, Macy’s customers can round up in-store purchases (up to $.99) and donate the change to The Trevor Project, an organization that provides support and guidance to the LGBTQ youth community.

            Fashion and Accessories

            Keep Dad’s look on trend by gifting him the perfect update to his warm weather wardrobe. A camp collar shirt from Tommy Hilfiger or Clubroom in bright, bold patterns paired with linen shorts will be his new go-to look all summer long. Step up Dad’s fashion game with elevated details like a patterned woven belt from Tommy Hilfiger. Switch out his winter shoes for a crisp white pair of sleek Lacoste sneakers, perfect for adding a relaxed edge to classic pieces. Available for everyone from Grandpa to grandson, the whole family will be ready for a round of Father’s Day activities with athletic apparel. For the sporty guy, give the gift of cool activewear with versatile t-shirts, shorts and joggers from Nike and Ideology. If golf is more Dad’s speed, make sure his style is on point both on and off the course with tech polos from Greg Norman. For the sharp dresser, Macy’s offers a wide assortment of suit separates. Help him pick a bold patterned suit from Bar III or Calvin Klein and pair it with a Macy’s stainless steel men’s bracelet accented with diamonds for a touch of shine. For the Dad who always makes you laugh, dress socks with humorous fish patterns from STORY at Macy’s can add an unexpected flair to traditional dress shoes and suits.

            Looking for something timeless and special? Macy’s Limited-Edition Watch Drop features an extraordinary selection of limited-edition heritage watches inspired by the archives of the world’s premier watchmakers. From top brands like Citizen, Baume & Mercier, and Versace, Macy’s Watch Drop has the perfect watch for his collection. Visit www.macys.com/watchdrops to view all available watches.

            Cologne and Grooming

            Father’s Day is the perfect time to upgrade Dad’s scent or replenish his favorite cologne – he’ll love a fragrance gift set from Chanel, Dior, Armani, Gucci, and Ralph Lauren. With a range of notes from citrus to woodsy, Macy’s selection of men’s fragrances has something for every man. Our Created for Macy’s Scents for Gents Sampler sets are the perfect chance for him to try our best scents. You can also customize the perfect Father’s Day gift he’ll love with our Macy’s gift box with any two or more cologne and grooming items, in stores only.?Get him two gifts in one with the purchase of any large spray $85 or more, and Dad will receive a complimentary navy or camouflage duffle bag as a bonus. Thinking of spoiling Dad even more this Father’s Day? The Mid-Size grooming kit from Art of Shaving offers four tools to create a perfect shave. Great for the traveler, this kit is ready and equipped with TSA-approved bottles and tools. For those Dads who want a little self-care help, the Baxter of California three-piece Stay Fresh set gives Dad the products to achieve the skincare routine he’s been looking for.

            Home

            Decorate Dad’s man-cave this Father’s Day with gifts that are sure to make him smile. Add some fun to a coffee table or bar top with coasters from Thirstystone with creative sayings that guarantee a laugh. Dad can grill all year round with a smokeless grill from Crux featuring a non-stick cooking plate that makes for an easy clean-up and stress-free entertaining. For the cocktail enthusiast in the family, the Godinger Bar Tools Set will have him whipping up new drinks in no time. If Dad’s a coffee lover, a Nespresso by Breville VertuoLine Coffee and Espresso machine will help kick off his day with the perfect cup right at home. Give Dad the gift of a good night’s rest with a new mattress from Macy’s including top brands like Purple, Scott Living by Restonic, Tempur-Pedic and Saatva. Father’s Day dinner can be completed with a top-rated assortment from Macy’s Wine Cellar. This convenient service delivers a carefully curated selection of wines from vineyards around the world right to his door – everything from award-winning Prosecco to the perfect BBQ reds.

            Gift Dad something else from STORY at Macy’s, our narrative-driven in-store experience. If music is his passion, a waterproof, floatable speaker from Speaqua or wireless headphones from Urbanears will keep him jamming everywhere he goes. Brighten his day with a colorful reusable water bottle from Corkcicle.?To discover more about STORY at Macy’s and find a location near you, visit macys.com/STORY.

            If you’re crunched for time, Macy’s also offers gift cards; a Buy online, Pickup In Store option; and appointments with Macy’s Personal Stylist, a free personal shopping service! Want more gift ideas? Check out Macy’s Father’s Day Gift Guide at macys.com/Gifts to learn more about the Gifts We Love, and get inspiration and shop the curated assortments for everything you need this Father’s Day on Macy’s Presents The Edit.

            About Macy’s

            Macy's is America’s store for life. The largest retail brand of Macy's, Inc. (NYSE:M) delivers quality fashion at affordable prices to customers at approximately 640 locations in 43 states, the District of Columbia, Puerto Rico, and Guam, as well as to customers in more than 100 international destinations through leading e-commerce site macys.com. Macy's inspires fashion exploration and discovery through the most desired family of exclusive brands for her, for him, for the home, and via our dynamic mobile and social platforms. We know the power of celebration, demonstrated through decades of memorable experiences created during Macy's 4th of July Fireworks? and Macy's Thanksgiving Day Parade?, as well as spectacular fashion shows, culinary events, flower shows, and celebrity appearances. Macy's flagship stores – including New York City’s Herald Square – are internationally renowned and preeminent destinations for tourists. With the collective support of our customers and employees, Macy's builds community and helps make a difference in every market we serve, supporting local and national charities by giving nearly $50 million each year, plus 146,000 hours of volunteer service. For more than 160 years, Macy’s has, and continues to, make life shine brighter for our customers, colleagues, and communities.

            Erica White, Macy’s Media Relations
            646-429-7470; erica.white@macys.com

            Bailey Thomas, Macy’s Media Relations
            646-429-7447; bailey.j.thomas@macys.com

            Source: Macy’s

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            Lights, Camera, Fireworks! The 43rd Annual Macy’s 4th of July Fireworks? the Nation’s Largest Independence Day Celebration Ignites the New York City Skyline Live from The Brooklyn Bridge /investors/news-events/press-releases/detail/1567/lights-camera-fireworks-the-43rd-annual-macys-4th-of Tue, 04 Jun 2019 08:00:00 -0400 /investors/news-events/press-releases/detail/1567/lights-camera-fireworks-the-43rd-annual-macys-4th-of

            The pyrotechnic spectacular is set to highlight classic American Cinema with a fan-favorite film score and dazzling display live from the world-famous Brooklyn Bridge and from four barges positioned on the lower East River along the shores of Pier 17 at the Seaport District

            In honor of the nation’s Armed Forces, “Macy’s Salutes Those Who Serve” with a special charitable campaign to support and empower veterans and military families from July 1 – July 18

            NEW YORK--(BUSINESS WIRE)-- The American silver screen will set the scene for this year’s most spectacular Independence Day celebration, the 43rd Annual Macy’s 4th of July Fireworks?. The nation’s largest 4th of July event will make a magical return to the world-famous Brooklyn Bridge to present an incomparable display of light, sound, shape and color, this year honoring classic American Cinema. On Thursday, July 4th at approximately 9:20 p.m., millions of spectators lining the waterways near the lower East River and millions more on television nationwide will be captivated by the stunning display of patriotic firepower, as Macy’s Fireworks (NYSE:M) launch more than 70,000 shells and effects from the bridge and from four barges positioned along the shores of Pier 17 at the Seaport District.

            This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190604005594/en/

            Lights, Camera, Fireworks! The 43rd Annual Macy's 4th of July Fireworks, the nation's largest Indepe ...

            Lights, Camera, Fireworks! The 43rd Annual Macy's 4th of July Fireworks, the nation's largest Independence Day celebration, ignites the New York City skyline live from the Brooklyn Bridge, Thursday, July 4th. (Photo: Business Wire)

            “There is nothing more exciting on the 4th of July than gathering with friends and family to see a world-class fireworks spectacle, and this year’s Macy’s 4th of July Fireworks will deliver a jaw-dropping display that will be rumble in the imagination for years to come,” said Susan Tercero, executive producer of Macy’s 4th of July Fireworks. “With the iconic Brooklyn Bridge as our centerpiece and four barges lining the East River, we will launch an unprecedented barrage of color, light, sounds and shapes that will delight millions as they hum along to a patriotic and stirring musical score celebrating our Independence and landmark cinematic achievements.”

            The 43rd edition of Macy’s Fireworks is conceived, designed and produced by Macy’s with Pyro Spectaculars by Souza. Perfectly orchestrated to synchronize to the musical score, the 25-minute display will feature a host of new shells and effects in 28 colors including crackling rain shells, patriotic chasing crossettes, howling wolves, screaming dragons, silver twisters, diamond screamers and a dramatic 1,600-foot waterfall.

            Since 1976, Macy’s Fireworks have grown in scale and artistry as they burst to life over many of New York City’s waterways and neighborhoods. Incorporating landmarks and celebratory milestones is a Macy’s Fireworks signature. Macy’s last showcased the Brooklyn Bridge when its structure served as the launch pad for key moments in the 2014 show. For this year’s presentation, Macy’s will fully integrate the bridge with an expanded design that will showcase approximately 25,000 shells and effects launching from the span. From the opening sequence representing the silver screen and featuring a dramatic silver hued pyrotechnic curtain unfurling from below the bridge to stunning multicolored waterfalls and chase scenes, a host of dazzling and intricate effects will be fired from more than 100 locations spanning the entire bridge, its towers and roadways. To create this out-of-this-world spectacle, six computer firing systems will control the bridge portion of the display requiring more than five miles of cabling and more than 110 custom designed props installed on the bridge to hold the pyrotechnics in position for the show.

            The musical score is the basis for the fireworks choreography and this year it features patriotic classics such as “America the Beautiful and “Stars & Stripes Forever,” along with world-famous instrumentals from classic American films. From John Williams’ famed title compositions for “Star Wars,” “Superman” and “E.T.” to Max Steiner’s “Casablanca Suite and Alfred Newman’s “20th Century Fox Fanfare;” audiences will be humming along to the score as the fireworks paint the night sky in perfect synchronicity.

            With MGM’s The Wizard of Oz turning 80 this year, Macy’s Fireworks pre-recorded score will also feature Oscar? and Grammy? Award winning artist Jennifer Hudson performing its most beloved song “Over the Rainbow.” The tribute will mark the show’s visual and emotional centerpiece. A host of rainbow-colored effects will be launched from the Brooklyn Bridge and barges including a fan, falling leaves, waterfall and a mile-wide rainbow accented golden crackling kamuro wall. The song will also serve as the backdrop for Macy’s famed Golden Mile. This signature of Macy’s Fireworks lights the skyline with a mesmerizing array of golden-hued effects for a mile across the river and from 800-feet in the air to the water’s edge.

            On July 4th, Macy’s Fireworks may be viewed from any area with an unobstructed view of the sky above the lower East River at or below the Brooklyn Bridge with four barges positioned between the Manhattan Heliport and Pier 17 at the Seaport District. Public viewing locations and dedicated entry points will be set up along elevated portions of the FDR Drive in lower Manhattan. Check macys.com/fireworks for the most up-to-date information including exact points of entry, viewing locations for persons with disabilities and for marine viewing details. Spectators lining the public viewing locations will also enjoy an NYPD helicopter flyover and an FDNY water boat show prior to the start of the display.

            Macy’s glittering spectacle is made possible in part by GoBowling.com?, Green Giant?, New York Life, Pier 17 at The Seaport District and The Howard Hughes Corporation, SOUR PATCH KIDS? Candy, with the Official Countdown by Bulova, and is presented in partnership with the City of New York. Revelers lining viewing locations in New York City are encouraged to enjoy the full Macy’s Fireworks experience by tuning in to radio station 1010 WINS (via 1010 WINS-AM, or 1010 WINS on the Radio.com app) to hear the musical score to which the show is choreographed.

            Spectators from coast-to-coast will also have a front row view of the pyro in the sky by tuning to NBC’s national broadcast of Macy’s 4th of July Fireworks Spectacular (8-10 p.m. ET/PT, 7-9 p.m. CT/MT, check local listings). The nation's No. 1 Independence Day special will also feature performances from some of America’s top musical acts.

            No Independence Day celebration would be complete without a special tribute to the men and women of the U.S. Armed Forces who work tirelessly to defend and protect our freedoms. In addition to the patriotic tribute during the Macy’s Fireworks display, this year, Macy’s and its customers nationwide will come together for a charitable round-up program to support active duty military, veterans and military families. During “Macy’s Salutes Those Who Serve” campaign, which kicks off Monday, July 1 and runs through Thursday, July 18, Macy’s shoppers are invited to round up their purchase amount to the nearest dollar (up to $.99) and donate the change. One hundred percent of the donations will benefit two veteran and military family focused organizations: Blue Star Families and Bunker Labs. These charities focus on a number of programs that support current and former members of the U.S. Armed Forces and their families, providing access to career development, caregiver support, entrepreneurship and business growth opportunities, among other services.

            For more information on the 43rd Annual Macy’s 4th of July Fireworks, please visit www.macys.com/fireworks or call the Macy’s Fireworks Hotline at (212) 494-4495. In addition, follow and participate in the excitement on various social platforms via @macys and #MacysFireworks.

            MEDIA:
            Orlando Veras / Christine Olver Nealon
            646-429-7450 / 646-429-5713
            EventMedia@macys.com

            Source: Macy’s

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            Macy’s Celebrates Pride + Joy With the LGBTQ+ Community for WorldPride 2019 and Stonewall 50 /investors/news-events/press-releases/detail/1566/macys-celebrates-pride-joy-with-the-lgbtq-community Tue, 21 May 2019 14:00:00 -0400 /investors/news-events/press-releases/detail/1566/macys-celebrates-pride-joy-with-the-lgbtq-community

            Macy’s honors National Pride Month with its 10th annual national Pride + Joy campaign that includes special activations in celebration of WorldPride 2019 and Stonewall 50, support for The Trevor Project, participation in Pride parades nationwide, special in-store events, exclusive merchandise, and more

            NEW YORK--(BUSINESS WIRE)-- Macy’s (NYSE:M) long-standing commitment to diversity, equality, and inclusion is punctuated this June by its nationwide celebration of National Pride Month. In support of its colleagues, customers and communities, Macy’s 10th annual national Pride + Joy campaign will celebrate WorldPride 2019 and the 50th anniversary of the Stonewall uprising. Macy’s Pride + Joy campaign features special partnerships with The Trevor Project and NYC Pride, participation in Pride parades across the country, in-store special events, and exclusive Pride-themed merchandise available at more than 150 Macy’s stores and on macys.com.

            This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190521005849/en/

            Macy’s celebrates WorldPride and Stonewall 50 with its 10th annual national Pride + Joy campaign fea ...

            Macy’s celebrates WorldPride and Stonewall 50 with its 10th annual national Pride + Joy campaign featuring special Pride-themed products and a partnership with The Trevor Project. INC and Epic Threads Pride apparel (Photo: Business Wire)

            “At Macy’s, diversity is a foundational value and part of how we think, act and operate. It is reflected in our long-standing commitment to fostering an inclusive culture and environment that inspires, reflects and embraces our colleagues, customers and the communities we serve,” said Shawn Outler, Macy’s chief diversity officer. “Through our annual Pride + Joy campaign, Macy’s celebrates National Pride Month as a testament to the power of community to make all of our lives shine brighter.”

            Macy’s is committed to diversity and inclusion in all areas of business as evidenced by the company’s consistent achievement of a 100 percent score on the Human Rights Commission’s Corporate Equality Index, the national benchmarking tool on corporate policies and practices. It is also a core value that guides how the company and its leadership operate. From LGBTQ representation in national advertising and a diverse set of suppliers including women, minority and LGBTQ-owned businesses to active and engaged LGBTQ employee resource groups, and an inclusive customer bill of rights that welcomes and protects all consumers, Macy’s reflects the communities it serves.

            WorldPride | Stonewall 50

            As a platinum sponsor of NYC Pride, the official host of WorldPride 2019 | Stonewall 50, Macy’s will participate in a number of activities throughout June to celebrate “Millions of Moments of Pride.”

            To showcase, reflect and honor the beauty, struggle and strides made by the LGBTQ community, Macy’s Herald Square will host four unique murals created by renowned local and international artists as part of the WorldPride Mural Project. The murals, to be unveiled on June 6, will be on display inside Macy’s famed Broadway windows at the flagship store at Herald Square through June 30.

            Sharing insights with the community, Macy’s diversity leadership will be highlighted via a special presentation during the WorldPride Human Rights Conference taking place at New York Law School on June 24. There, Macy’s will share its best practices on how brands can embed diversity and inclusion into the way they think, act and operate to consistently and genuinely reflect all consumers.

            Macy’s, Inc. will also join the NYC Pride Parade with 800 marchers and two floats, the Macy’s Pride + Joy float, which debuted last year, and a brand new float created for colleagues from Bloomingdale’s. In addition, Macy’s will have a festive activation at Pride Island, the legendary NYC pier dance and festival.

            The Big Give Back – The Trevor Project

            In support of LGBTQ youth in crisis, Macy’s Pride + Joy campaign includes a nationwide give back component in partnership with The Trevor Project. As the world’s largest suicide prevention and crisis intervention organization for lesbian, gay, bisexual, transgender, queer, and questioning young people, The Trevor Project works to save young lives by providing support through free and confidential programs, including TrevorLifeline, TrevorText, and TrevorChat. They also run TrevorSpace, the world’s largest safe space social networking site for LGBTQ youth, and operate innovative education, research, and advocacy programs.

            To help raise funds for Trevor’s important work, from June 1 – June 17 at all Macy’s stores nationwide, shoppers can celebrate Pride by giving back to The Trevor Project through Macy’s charitable round-up program. As customers complete their in-store purchases, they will be invited to round up to the nearest dollar (up to $.99) and donate the change to The Trevor Project. These donations will help support the organization’s mission of providing crisis intervention and suicide prevention services. In select markets including Chicago, Cincinnati, Houston, Lexington (KY), Los Angeles, Minneapolis, New York City, San Francisco, Seattle, St. Louis, and St. Petersburg (FL), the round-up campaign will be extended through June 30 to coincide with Pride parade celebrations in which Macy’s has a local presence.

            Macy’s shoppers are also invited to support The Trevor Project with style. Pride and its signature colors will be front and center in the limited–edition, three-piece capsule collection by INC International Concepts. Featuring gender-neutral t-shirts, tanks and socks with rainbow detailing, throughout the month of June, Macy’s will donate $4 of the purchase price of the INC t-shirt and tank and $2 of the purchase price of the socks to The Trevor Project. The pieces retail for $10 to $20 and will be available in select stores and on macys.com/celebrate.

            Pride Is Always in Fashion

            Additionally, to help customers express their Pride, more than 150 Macy’s stores nationwide and macys.com will offer a celebratory assortment of Pride-themed merchandise within Macy’s Pride + Joy shops and via displays across the store. Bold colors and rainbows adorn everything from clothing, jewelry, shoes, home accessories and intimate apparel. Our best brands, including INC International Concepts, Adidas, Calvin Klein, DKNY, Levi’s, Michael Michael Kors, Polo Ralph Lauren, Under Armour, and more, have partnered with us to create a unique mix of product.

            March with Pride and Celebrate

            Macy’s will also support its local colleagues at 24 Pride parade celebrations across the nation, as part of this year’s Pride + Joy campaign.

            Macy’s is supporting its colleagues at Pride parades held in the following cities:

            • Phoenix, AZ – Sunday, April 7
            • Miami, FL – Sunday, April 7
            • Dallas, TX – Sunday, June 2
            • San Juan, PR – Sunday, June 2
            • Guam – Sunday, June 2
            • Boston, MA – Saturday, June 8
            • Los Angeles, CA – Sunday, June 9
            • Columbus, OH – Saturday, June 15
            • Portland, OR – Sunday, June 16
            • Denver, CO – Sunday, June 16
            • Houston, TX – Saturday, June 22
            • St. Petersburg, FL – Saturday, June 22
            • Cincinnati, OH – Saturday, June 22
            • Minneapolis, MN – Sunday, June 23
            • Lexington, KY – Saturday, June 29
            • San Francisco, CA – Sunday, June 30
            • New York City, NY – Sunday, June 30
            • St. Louis, MI – Sunday, June 30
            • Seattle, WA – Sunday, June 30
            • Chicago, IL – Sunday, June 30
            • San Diego, CA – Saturday, July 13
            • Space Coast, FL – Saturday, September 28
            • Orlando, FL – Saturday, October 12
            • Atlanta, GA – Sunday, October 13

            In addition, a host of special in-store Pride festivities will highlight the latest fashions for customers, celebrate love and equality, and help local charities reach new audiences, while featuring guest appearances by local DJs, renowned chefs, celebrities, drag performers and LGBTQ influencers. The Macy’s Pride campaign will also be commemorated via curated advertising, banners and window treatments at select stores nationwide. Macy’s Herald Square, the company’s flagship, will kick-off the festivities beaming with Pride as it lights up the night in rainbow colors every evening in June.

            Macy’s?Pride?Month special events will be held at the following stores:

            • Macy’s Beverly Center (Los Angeles) – Thursday, June 6
            • Macy’s Downtown Boston (Boston) – Thursday, June 6
            • Macy’s Polaris Fashion Place (Columbus) – Saturday, June 8
            • Macy’s Houston Galleria (Houston) – Thursday, June 13
            • Macy’s State Street (Chicago) – Saturday, June 15
            • Macy’s Southdale (Minneapolis) – Saturday, June 15
            • Macy’s Herald Square (New York City) –Thursday, June 6; Thursday, June 20; Saturday, June 22; Sunday, June 23; Tuesday, June 25
            • Macy’s Union Square (San Francisco) –Saturday, June 29

            Pride Online – #MacysPride and macys.com/celebrate

            Follow #macyspride?across Twitter, Instagram and Facebook to check out behind-the-scenes content, learn more about Macy's Pride fashions, in-store?events, regional parades, WorldPride activations and Pride + Joy celebrations across the country.

            Visit Macys.com/celebrate for the latest details on Macy’s Pride campaign. The website features in-store event listings, as well as background information on Macy’s national Pride partners including The Trevor Project, and hosts an important PSA showcasing heartfelt personal vignettes of hope and how the support of Trevor’s programs helped LGBTQ youth in crisis. The PSA is introduced by and features Jazz Jennings, the young transgender activist and star of the TLC reality series, “I Am Jazz.”

            About Macy’s

            Macy's is America’s store for life. The largest retail brand of Macy's, Inc. (NYSE:M) delivers quality fashion at affordable prices to customers at approximately 640 locations in 43 states, the District of Columbia, Puerto Rico, and Guam, as well as to customers in more than 100 international destinations through leading e-commerce site macys.com. Macy's inspires fashion exploration and discovery through the most desired family of exclusive brands for her, for him, for the home, and via our dynamic mobile and social platforms. We know the power of celebration, demonstrated through decades of memorable experiences created during Macy's 4th of July Fireworks? and Macy's Thanksgiving Day Parade?, as well as spectacular fashion shows, culinary events, flower shows, and celebrity appearances. Macy's flagship stores – including New York City’s Herald Square – are internationally renowned and preeminent destinations for tourists. With the collective support of our customers and employees, Macy's builds community and helps make a difference in every market we serve, supporting local and national charities by giving nearly $50 million each year, plus 146,000 hours of volunteer service. For more than 160 years, Macy’s has, and continues to, make life shine brighter for our customers, colleagues, and communities.

            For Macy’s media materials, including images and contacts, please visit our online pressroom at?macysinc.com/news-media.

            MEDIA CONTACTS:
            Orlando Veras
            646-429-7450
            Orlando.Veras@macys.com

            Christine Olver Nealon
            646-429-5713
            Christine.Nealon@macys.com

            Source: Macy’s

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            Macy’s, Inc. Board Declares Quarterly Dividend /investors/news-events/press-releases/detail/1565/macys-inc-board-declares-quarterly-dividend Fri, 17 May 2019 12:25:00 -0400 /investors/news-events/press-releases/detail/1565/macys-inc-board-declares-quarterly-dividend

            CINCINNATI--(BUSINESS WIRE)-- The board of directors of Macy's, Inc. (NYSE:M) today declared a regular quarterly dividend of 37.75 cents per share on Macy's, Inc.’s common stock, payable July 1, 2019, to shareholders of record at the close of business on June 14, 2019.

            About Macy's, Inc.

            Macy’s, Inc. is one of the nation’s premier retailers, with fiscal 2018 sales of $24.971 billion and approximately 130,000 employees. The company operates approximately 680 department stores under the nameplates Macy’s and Bloomingdale’s, and nearly 190 specialty stores that include Bloomingdale’s The Outlet, Bluemercury, and Macy’s Backstage. Macy’s, Inc. operates stores in 43 states, the District of Columbia, Guam and Puerto Rico, as well as?macys.com,?bloomingdales.com and?bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate offices in Cincinnati, Ohio, and New York, New York.

            Media – Blair Fasbender Rosenberg
            646-429-6032
            media@macys.com

            Investors – Mike McGuire
            212-494-1621
            investors@macys.com

            Source: Macy's, Inc.

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