Macy's, Inc.

Macy's, Inc.

Macy's, Inc.

Overview
Date Founded

1985

Headquarters

7 West 7th Street,Cincinnati, OH 45202

Type of Company

Public

Employees (Worldwide)

75.7K

Industries

Retail: Apparel & Footwear
Retail: Othe

Company Description

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2011 sales of $26.4 billion. The Macy’s brand operates about 800 Macy’s department stores and furniture galleries in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com. The Bloomingdale’s brand includes 37 department stores and home stores in 11 states, bloomingdales.com, seven Bloomingdale’s Outlet stores in five states, and a licensed store in Dubai. Macy’s, Inc.’s diverse workforce includes approximately 171,000 employees. Prior to June 1, 2007, Macy’s, Inc. was known as Federated Department Stores, Inc. The company’s shares are traded under the symbol “M” on the New York Stock Exchange.

Website
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Executives & Employees

Chairman & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Chief Technology Officer

Chief Supply Chain Officer

Chief Digital Officer

Chief Transformation & Human Resources Officer

Chief Merchandising Officer

Executive Vice President, Chief Legal Officer & Secretary

Chief Brand Officer

Head-Tax

Board of Directors

Chairman & Chief Executive Officer at Macy's, Inc.

Co-Founder at Katapult Group, Inc.

President & Chief Executive Officer at RLJ Lodging Trust

Director-Public Health Policy Council at Harvard University

Former Chief Executive Officer at The Home Depot

Advisor at Twin Ridge Capital Acquisition Corp.

Former President, Chief Executive Officer & Chairman of the Company at Brown-Forman Corp.

Former Chief Executive Officer at Allianz Global Investors U.S. LLC

Director, President & Chief Executive Officer at Four Corners Property Trust, Inc.

Vice President-Global Client Partner at Google, Inc.

Paths to Macy's, Inc.
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Macy's, Inc.
Owners & Shareholders
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NTC’s trust administrators focus on providing responsive and secure services for a variety of trust and fiduciary services for both qualified and non-qualified retirement and employee benefit plans. The firm’s highly experienced team consists of in-house ERISA lawyers, financial analysts, relationship managers and support professionals working to help clients develop and implement solutions to their unique situations. Acting as an independent fiduciary to a plan, NTC seeks to protect the interests of plan participants and beneficiaries in situations where inherent conflicts of interest may exist between the plan sponsor and the plan.

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Appaloosa seeks to generate annual returns substantially in excess of those derived from traditional buy-and-hold strategies for investment-grade fixed-income, high-yield debt and equity securities. The firm utilizes a variety of methods and strategies to make investment decisions and recommendations. Their primary method of analysis is fundamental research. Appaloosa purchases and sells high-yield bonds, bank loans to highly-leveraged companies, sovereign debt and other debt and equity securities, including securities of financially-distressed companies.

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Contrarius Investment Management Ltd. is an active, contrarian manager which aims to create long-term wealth for clients by buying stocks they believe are trading below their intrinsic value and which are attractive relative to other opportunities. They follow a valuation-based investment approach, performing proprietary bottom-up research which seeks to determine the intrinsic value of an investment. The firm sells stocks when they believe they have reached their underlying intrinsic value or when they are less attractive than other opportunities, aiming to avoid the permanent loss which can result from continuing to hold a stock that ultimately corrects to fair value. Contrarius takes a long-term approach to investing, with a typical investment horizon of four years, believing that the ability to outperform in the long-term is largely determined by focusing on the long-term value of a business rather than short-term news flow.

Recent Transactions
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Garrett Brands LLC purchases Macys, Inc. /Frango from Macy's, Inc.

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Macy's, Inc. purchases Bluemercury, Inc. from The Invus Group LLC, Sachs Capital LLC

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The Men's Wearhouse, Inc. purchases After Hours Formalwear, Inc. from Macy's, Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onMacy's, Inc. purchases The May Department Stores Company

Investment Advisor

Advised onMacy's, Inc. purchases The May Department Stores Company

Accountant

Advised onMacy's, Inc. purchases The May Department Stores Company

Global Chairman, Mergers & Acquisitions

Advised onMacy's, Inc. purchases The May Department Stores Company

Legal Advisor

Advised onLGP Management, Inc., Leonard Green & Partners LP purchase Federated Department Stores, Inc. /Bridal Division (2) from Macy's, Inc.

Legal Advisor

Advised onMacy's, Inc. purchases The May Department Stores Company

Advisors & Consultants
Advisor

Jibe, Inc. provides cloud-based recruiting technology solutions that make recruiting about people, not process. Its recruiting platform simplifies job distribution, enables mobile recruiting, turns data into decisions, engages the passive candidate, optimizes the candidate experience and referral process and leverages social networks. The company was founded by Joe Essenfeld in 2009 and is headquartered in New York, NY.

Public Relations

Susan Magrino Agency, Inc. operates as a public relations firm. The firm offers digital & social marketing, media relations, influencer, event & entertainment marketing, brand consulting and strategic alliances services. The company was founded by Susan Magrino and Allyn Magrino in 1992 and is headquartered in New York, NY.

Legal Advisor

Chair, Mergers & Acquisitions Practice at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Clients

JD Sports Fashion Plc retails and distributes sports fashion wear and outdoor clothing and equipment. It operates through the Sports Fashion and Outdoor segments. The Sports Fashion segment consists JD Sports Fashion Plc, John David Sports Fashion (Ireland) Limited, Spodis SA, Champion Sports Ireland, JD Sprinter Holdings 2010 SL, JD Sports Fashion BV, JD Sports Fashion Germany GmbH, JD Sports Fashion SRL, Duffer of St George Limited, Topgrade Sportswear Limited, Kooga Rugby Limited, Focus Brands Limited, Kukri Sports Limited, Source Lab Limited, R.D. Scott Limited, Tessuti Group Limited, Nicholas Deakins Limited, Cloggs Online Limited, Ark Fashion Limited and Mainline Menswear Limited. The Outdoor segment consists of Blacks Outdoor Retail Ltd. Tiso Group Ltd and ActivInstinct Limited. The company was founded by John Carruthers Wardle and David Martin Makin in 1981 and is headquartered in Bury, the United Kingdom.

Charles & Colvard Ltd. engages in the manufacture and distribution of moissanite jewels and finished jewelry featuring moissanite for sale in the worldwide jewelry market. It operates through the following business segments: Online Channels and Traditional. The Online Channels segment refers to the e-commerce outlets, including charlesandcolvard.com, third-party online marketplaces, drop-ship, other pure-play, and e-commerce outlets. The Traditional segment consists of wholesale and retail customers. The company was founded in 1995 and is headquartered in Morrisville, NC.

SMCP SA manufactures and designs apparel and accessory products. It operates through following segments: Sandro, Maje, and Claudie Pierlot. The company was founded by Evelyne Chétrite and Judith Milgrom in 1984 and is headquartered in Paris, France.

Key Stats and Financials As of 2021
Market Capitalization
$9.62B
Total Enterprise Value
$11.2B
Earnings Per Share
$-12.68
Revenue
$18.1B
EBITDAMargin
0.02%
Total Equity
$2.55B
EBITDA
$3M
Net Profit
$-3.94B
Three Year Compounded Annual Growth Rate Of Revenue
-10.02%
Total Debt
$8.24B
Enterprise Value / Sales
0.62x
Enterprise Value EBITDAOperating
2,626.65x
TEVNet Income
-2.85x
Debt TEV
0.73x
Five Year Compounded Annual Growth Rate Of Revenue
-2.06%
Non-Profit Donations & Grants
Political Donations
$1,500
2014
$1,500
2014
Investments
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B8ta, Inc. owns and operates retail store for technical gadgets. It specializes in hardware, wearables, internet of things, and smart devices services. The company was founded by William Mintun, Nicholas Mann, Vibhu Norby and Phillip Raub in 2015 and is headquartered in Austin, TX.

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Beijing Xinghe Fengshang Technology Co., Ltd. engages in the operation of an e-commerce platform. It provides high-end products including dresses, shoes, bags, watches, cosmetics, foods, and red wine. The company was founded by Ce Dong, Hongjie Yang, and Peifeng Yang on November 7, 2006 and is headquartered in Beijing, China.

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Klarna Holding AB provides electronic commerce payment solutions. Its services allows consumers to make online purchases using electronic mail address and postcode. The firm's software also allows clients to have a product delivery before paying for it. The company was founded by Sebastian Marcin Siemiatkowski, Gustav Erik Niklas Adalberth, and Karl Anders Victor Jacobsson in 2005 and is headquartered in Stockholm, Sweden.

Suppliers
G-III Apparel Group Ltd. Apparel & Footwear | New York, NY

G-III Apparel Group Ltd. engages in the designs, sourcing, and marketing women's apparel. It operates through the Wholesale Operations and Retail Operations segments. The Wholesale Operations segment includes sales of products under brands licensed from third parties and sales of products under its own brands and private label brands, as well as sales related to the Vilebrequin business. The Retail Operations segment consists of direct sales to consumers through company-operated stores and product sales through its owned websites for the DKNY, Donna Karan, Wilsons Leather, G.H. Bass, and Karl Lagerfeld Paris businesses. Its products include outerwear, dresses, sportswear, swimwear, suits, performance wear, handbags, footwear, small leather goods, cold weather accessories, and luggage.

PVH Corp. Internet Software & Services | New York, NY

PVH Corp. ("PVH") has grown exponentially from its 1881 roots of selling and mending shirts for miners in Pottsville, PA and its 1920's introduction of the Van Heusen soft-folding collar to become a global company with revenues of over $5.5 billion by successfully growing brands globally through a strategic combination of wholesale, retail and licensing operations throughout North America, Europe and Asia. Our brands include Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW and Bass. In addition, we license brands for dress shirts and neckwear offered in the U.S. and Canada. In less than a decade, PVH has experienced a tremendous amount of change that has redefined the identity, culture, performance and potential of the Company - first with the successful acquisition of Calvin Klein in 2003 and then with the addition of Tommy Hilfiger in 2010. Through these transformative acquisitions, we have secured our position as one of the largest global apparel companies, with a diversified portfolio of iconic lifestyle and apparel brands, led by Calvin Klein and Tommy Hilfiger. The Calvin Klein and Tommy Hilfiger brands together represent over 75% of the Company's profits and are expected to drive future revenue and profitability growth

Cass Information Systems, Inc. IT Consulting & Services | St. Louis, MO

Cass Information Systems, Inc. engages in provision of integrated information and payment management solutions. It operates through the following segments: Information Services; Banking Services; and Corporate, Eliminations, and Other. The Information Services segment offers transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. The Banking Services segment focuses on the provision of banking services primarily to privately held businesses and faith-based ministries. The company was founded in 1906 and is headquartered in St. Louis, MO.

Competitors
Target Corp. Retail: Discount - Minneapolis, MINNESOTA

In 1969, the Detroit-based J.L. Hudson Company merged with the Dayton Corporation to form the Dayton-Hudson Corporation

Gap, Inc. Retail: Apparel & Footwear - San Francisco, CA

Gap, Inc. operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections. The Old Navy Global segment offers clothing and accessories for adults and children. The Banana Republic Global segment provides clothing, eyewear, jewelry, shoes, handbags, and fragrances. The Athleta segment offers fitness apparel for women. The company founded by Donald G. Fisher and Doris F. Fisher in July 1969 and is headquartered in San Francisco, CA.

Kohl's Corp. Retail: Apparel & Footwear - Menomonee Falls, WI

Kohl's Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children; home products; beauty products; and accessories. The firm stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. The company was founded in 1962 and is headquartered in Menomonee Falls, WI.

Awards & Honors
Rank #103
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #103
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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