Macy's, Inc. (M)
Macy's, Inc. operates in the Department Stores industry of the Consumer Cyclical sector, headquartered in New York City, NY, US. The stock last traded at $22.36, up 1.91% on the session, giving a market capitalisation of $5.88B. On trailing twelve-month figures it carries a trailing P/E of 8.01, a net margin of 3.3%. Its beta of 1.43 implies it has historically moved more than the broad market.
Macy's, Inc. is a prominent retail enterprise that employs an omnichannel strategy, serving customers through its extensive network of physical department stores, dedicated e-commerce websites, and convenient mobile applications. The company offers a broad assortment of merchandise, including apparel and accessories for men, women, and children, cosmetics, home furnishings, and other general consumer goods. As of January 29, 2022, Macy's operated 725 department stores domestically in locations such as the District of Columbia, Puerto Rico, and Guam. These stores are branded under several well-known names like Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and the beauty retailer bluemercury. Internationally, Macy's also extends its reach through licensing agreements, with operations in Dubai, United Arab Emirates, and Al Zahra, Kuwait. The company maintains a presence in the beauty and spa retail sector. Originally established in 1830, the company was previously known as Federated Department Stores, Inc. It officially changed its name to Macy's, Inc. in June 2007, and its corporate headquarters are located in New York, New York.
Macy's, Inc. is most often compared with the following Consumer Cyclical names: