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Macy's(M) - 2024 Q4 - Annual Report
2024-03-22 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13536 Macy's, Inc. (Exact name of registrant as specified in its charter) Delaware 13-3324058 (State or other jurisdiction of incorporation or org ...
Spring Blossoms at the Macy's Flower Show ®
Businesswire· 2024-03-18 14:00
NEW YORK--(BUSINESS WIRE)--Immersive gardens with blooming flowers and multi-sensory mise en scene will bloom at the 49th Macy’s Flower Show featuring Christian Dior Parfums. In celebration of spring’s arrival, the main floor, balcony, and iconic Broadway windows of Macy’s world-famous flagship store in New York City Herald Square will transform into a breathtaking botanical experience from Sun., March 24, 2024, to Sun., April 7, 2024. The Macy’s Flower Show is free and open to the public during store hours ...
Macy's, Inc. Names Michael Krans Vice President, Macy's Media Network
Businesswire· 2024-03-11 13:16
NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE: M) today announced that Michael Krans joined the company as its vice president, Macy’s Media Network. In this role, Krans oversees the company’s in-house media publisher dedicated to connecting advertising partners with Macy’s and Bloomingdale’s engaged and loyal customers. Krans reports to Max Magni, chief customer and digital officer, Macy’s, Inc. “We’re excited to welcome Michael to Macy’s, Inc. He takes the reins of our growing retail media network bring ...
Macy's gets another, bigger bid from Arkhouse, Brigade Capital
Fox Business· 2024-03-05 00:37
A pair of investment firms sent a bigger buyout offer to Macy’s over the weekend. The all-cash proposal to buy outstanding Macy’s shares at $24 per share came from Arkhouse Management and Brigade Capital Management."The Macy’s, Inc. Board will carefully review and evaluate the latest proposal consistent with the Board’s’ fiduciary duties and in consultation with its financial and legal advisors," the retailer said on Sunday. "The Macy’s, Inc. Board has a proven track record of evaluating a broad range of op ...
Macy's Under Attack – Arkhouse And Brigade Capital Increase Offer
Forbes· 2024-03-04 16:03
Corner sign of Macy's General Store, proudly claiming to be the largest world store.gettyLate this Sunday night Arkhouse and Brigade Capital raised their offer to acquire Macy’s to $24.00 per share, up from their previous offer of $21.00 per share.In their release Arkhouse and Brigade stated that the offer represents a 51.1 premium on November 30th share price and a 33.3% premium where the company closed on March 1, 2024. It represents an increase of 14.3% from Arkhouse and Brigade’s previous offer.The rele ...
Macy's Stock Rises on Revised Buyout Offer
Schaeffers Research· 2024-03-04 15:34
Macy's Inc (NYSE:M) is 16.1% higher at $20.92 this morning, after Arkhouse Management revised its buyout offer. Specifically, Arkhouse and Brigade Capital Management raised their buyout offer for the department store giant to $24 per share, or about $6.6 billion. Call traders are piling on M after the news. Already, more than 26,000 bullish bets -- or 5 times the intraday average volume -- have crossed the tape, compared to just 12,000 puts. Most popular by far is the April 21 call, followed by the 23 call ...
M Stock Alert: Is $6.6 Billion Enough to Take Macy's Private?
InvestorPlace· 2024-03-04 14:41
Department store chain Macy’s (NYSE:M) stock rose 15% over the weekend after an investor group raised their bid for the company to $6.6 billion. The potential buyers bid $5.8 billion for the company last December but were turned down by the board.Arkhouse Management and Brigade Capital are now offering $24 per share for the stock. M stock opened this morning at $20.54 per share.The Arkhouse BrigadeSince the first bid was rejected, Arkhouse has announced it is challenging Macy’s board in a proxy fight. It of ...
Macy's leaps as hedge funds hike takeover offer
Proactive Investors· 2024-03-04 11:59
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Arkhouse, Brigade raise Macy's buyout bid to $6.6B
New York Post· 2024-03-04 01:30
Arkhouse Management, a real-estate-focused investing firm, said on Sunday it and Brigade Capital Management have raised their offer for Macy’s after the department store chain rebuffed their prior proposal as too low.The firms are now offering to acquire Macy’s stock they don’t already own for $24 per share, about 14% more than its previous offer of $21 per share.The new offer for the company represents a premium of about 33% to its last close on Friday at $18.01 and values the company at $6.6 billion.“We c ...
Macy's (M) Q4 Earnings Beat Estimates, Comp Sales Decline Y/Y
Zacks Investment Research· 2024-02-28 14:36
Macy’s, Inc. (M) reported fourth-quarter fiscal 2023 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Total revenues declined and earnings increased from the year-ago quarter’s reported figures. Comparable sales fell on an owned basis and an owned-plus-licensed basis.Despite the challenges resulting from shifting consumer spending toward non-discretionary items, Macy's focus on offering new and relevant private and national brands helped it stay competitive. This period show ...