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Macy's delivered a strong set of results surpassing Wall Street expectations in terms of revenues as well as earnings. Its digital traffic remained largely stable during the quarter, but conversion decreased, indicating that while online discovery is still taking place, there has been a change in in-person transactions. Besides, they created permanent Toys "R" Us shop-in-shops within every Macy's site, offering a unique experience not offered nationally anywhere else. Due to their proximity to t
Companies: Macy's (M:NYSE)Macy's, Inc. (M:NYS)
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Despite the increasingly difficult consumer environment, Macy's delivered a decent quarterly result which also happened to be an all-around beat. Its $5.6 billion in quarterly net sales exceeded its projections, despite a 1.6% decline in comparable owned plus licenced sales. The management has made difficult decisions over the past two years as customer demand quickly changed between categories and channels and macroeconomic constraints increased to maintain the organization's stability and heal
Companies: Macy's, Inc. (M:NYS)Macy's, Inc. (0JXD:LON)
Macy’s was faced with a number of challenges since the start of 2022 such as rising inflation, interest rates, a volatile stock market, Covid-19 lockdowns in Asia, and the war in Ukraine. Despite the highly dynamic and uncertain operating environment, the company’s result managed to surpass Wall Street expectations. Their 29.1 million Star Rewards program members accounted for 69% of Macy's brand, owned plus licence sales over the previous 12 months. This is a nearly 6-percentage-point increase
Macy's Inc is facing a challenging macroeconomic environment and is attempting to cope with the same through its Polaris transformation strategy. The company’s business has transformed significantly since the management started laying the groundwork for their Polaris strategy in 2019. While store closures, low margins amidst the inflationary environment, and stifled growth challenges remain, the Polaris strategy is helping the management build a stronger, digitally-led retail business as the ext
Macy's Inc continues to survive in a challenging macro environment with its big silver lining being the Polaris transformation strategy. The company’s business has changed dramatically since they started laying the groundwork for their Polaris strategy in 2019. While story closures, low margins amidst and inflationary environment, and stifled growth challenges remain, the Polaris strategy is helping the management build a stronger, digitally-led retail business as the external environment contin
Macy's delivered another strong quarter, exceeding management's expectations in terms of both, the top and bottom line, outperforming both 2020 and 2019. Its business has shown resilience and thus the management is confident about their ability to deliver on Polaris strategy. The company’s Bloomingdale's business performed well with comparable sales increasing 11.2% on an owned plus licensed basis. The company’s performance has been driven by strong sales of luxury handbags, home, fine jewelry,
Macy's delivered a solid set of results for Q2 demonstrating the power of an omnichannel model with a robust offering of brands, categories, and price points. Its total sales increased 5.9%, an approximately 16 percentage point trend improvement as compared to the 10% decrease in the first quarter of 2021. The management has been successfully analyzing shopping as well as spending patterns, and adjusting buying as well as allocation strategies. Furthermore, they made enterprise-wide data and ana
Macy’s has gained strong momentum over the past few weeks and has reached the target price from our previous report after the increased footfalls resulting from all the Covid-19 restrictions being lifted in many American states. There has been a marked increase in consumer spending in malls and apparel outlets setting Macy’s up for a solid result ahead. The company has made a remarkable turnaround from its pandemic lows and is seeing customers coming back to its departmental stores. The manageme
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