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Macy's, Inc. - Company Profile

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Macy's, Inc. - Overview

Brands
Bloomingdales, Bluemercury, Macy's
Description
Macy's is a public company headquartered in New York with an estimated 94,570 employees. In the US, the company has a notable market share in at least five industries: Department Stores, Online Shoe Sales, Online Handbag & Luggage Sales, Online Men's Clothing Sales, Online Women's Clothing Sales and Online Men's Clothing Sales. Their largest market share is in the Online Handbag & Luggage Sales industry, where they account for an estimated 8.9% of total industry revenue.
Company Details

Registered Name: Macy's, Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 151 W 34th St. New York NY 10001

Website: https://macysinc.com/

Employees: 94570

Macy's, Inc. - Operating Industries and Main Competitors

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Macy's, Inc. - Products and Services

  • Department Stores in the US

  • Of the 8 core revenue-generating products and services in the Department Stores in the US industry, Macy's, Inc. offers:
    • Children's clothing and footwear
    • Drugs and cosmetics
    • Home goods and appliances
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  • Online Shoe Sales in the US

  • Of the 6 core revenue-generating products and services in the Online Shoe Sales in the US industry, Macy's, Inc. offers:
    • Women's dress shoes and casual footwear
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Macy's, Inc. - Analyst Insights

Adjusting to Uncertainty, Macy's Cuts its Costs To Sustain Business

In wake of the economic effects of the COVID-19 (coronavirus) pandemic, Macy’s Inc. (Macy's) revealed a restructuring plan in June of 2020 to address falling sales. The company announced that it would be eliminating roughly 3,900 corporate roles and that the remaining employees that it had previously furloughed would be returning to work beginning July 5, 2020. These actions have saved the company $630.0 million per year and combined with $4.5 billion in new financing, this plan will help to make the company more stable moving forward.

COVID|Discontinued Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

Lorem Ipsum text header Report Title

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Macy's, Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Macy's, Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Department Stores in the US, Online Women's Clothing Sales in the US, and Online Shoe Sales in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Macy's, Inc. - Financial Statements & Ratios

pie_chartMacy's, Inc. Income Statement

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Revenue24,442.024,460.017,346.024,560.024,971.024,939.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartMacy's, Inc. Balance Sheet

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Cash and Equivalents862.01,712.01,679.0685.01,162.01,455.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartMacy's, Inc. Cash Flow

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Net Income1,177.01,430.0-3,944.0564.01,098.01,555.0
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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