Macy's, Inc.

Macy's, Inc.

Macy's, Inc.

Overview
Date Founded

1929

Headquarters

7 West 7th Street,Cincinnati, OH 45202

Type of Company

Public

Employees (Worldwide)

130K

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.

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Executives & Employees

Chairman & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Chief Omnichannel & Operations Officer

Chief Marketing Officer

Chief Technology Officer

Chief Human Resources Officer & Executive Vice President

Secretary, Chief Legal Officer & Executive Vice President

Chief Merchandising Officer

Chief Supply Chain Officer

Chief Executive Officer & Co-Founder of Bluemercury, Inc

Board of Directors

Director-Public Health Policy Council at Harvard University

Vice President-Global Client Partner at Google, Inc.

Former Chief Executive Officer at The Home Depot

Director at Macy's Insurance, Inc.

Ball Corporation

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

Managing Director & Chief Operating Officer at Morgan Stanley Investment Management

Director at Katapult LLC

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

President & Chief Executive Officer at RLJ Lodging Trust

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Macy's, Inc.
Owners & Shareholders
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Yacktman specializes in long-term US equity investment strategies. The firm may also invest in foreign equity securities, debt securities, and options. Equity investments may include common stocks, preferred stocks, convertible preferred stocks, warrants, options and ADRs. Some, but not all, of the equity securities will pay a dividend. Yacktman's investments in debt securities may include US Treasury notes and bonds, investment grade corporate debt securities, convertible debt securities, and debt securities below investment grade. Yacktman is research oriented, and primarily utilizes fundamental analysis for the selection of equity investments. The firm employs a disciplined strategy, and invests in securities of any size at prices that they believe offer an attractive forward rate of return. When implementing investment strategies for their clients, they use strategies including long and short-term purchases, margin transactions and options writing, including covered options or uncovered options.

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SAAMCo provides investment management and advisory services to the registered fund (Subsidiary) by overseeing a sub-adviser who provides day-to-day portfolio management services to both the Subsidiary and the corresponding investment companies (Registered Funds). There is currently one Subsidiary for which SAAMCo provides such investment management and advisory services, the Commodity Strategy Subsidiary. SAAMCo's Commodity Strategy Subsidiary seeks to achieve long-term total return by investing in a combination of commodity-linked derivative instruments, including commodity futures, swaps, options and options on futures. These investments provide exposure to the return of real assets that trade in the commodities markets without direct investment in physical commodities. Real assets include, but are not limited to, such things as industrial and precious metals, gas, oil, livestock, agricultural or meat products, among others.

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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
Details Hidden

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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Tailored Brands, 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

The Finish Line, Inc. engages in the retail of athletic shoes, apparel, and accessories for men, women, and kids. It operates through the Footwear and Softgoods categories. The company was founded by Alan H. Cohen, Larry J. Sablosky, and David I. Klapper in 1976 and is headquartered in Indianapolis, IN.

Destination Maternity Corp. engages in the design, manufacture and sale of maternity apparel and related accessories. It operates stores under three brands: Motherhood Maternity, A Pea in the Pod, and Destination Maternity. The Motherhood Maternity brand serves maternity apparel business, which is used in special occasion, offering quality merchandise at affordable value. The A Pea in the Pod brand is a contemporary, fashion-forward assortment including a curated selection of exclusive designer labels at premium pricing, offering the mom2be fashionable maternity pieces that reflect her uncompromising sense of style in both casual and career apparel. The Destination Maternity brand relates to a selection of fashion offers all three brands, plus skincare, fitness, and nutritional products to pamper the pregnant woman. The company was founded in 1982 and is headquartered in Moorestown, NJ.

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.

Key Stats and Financials As of 2019
Market Capitalization
$4.77B
Total Enterprise Value
$11.6B
Earnings Per Share
$3.56
Revenue
$25.7B
Net Profit
$1.11B
EBITDA
$2.45B
EBITDAMargin
9.51%
Total Debt
$4.75B
Total Equity
$6.44B
Enterprise Value Sales
0.45x
Enterprise Value EBITDAOperating
4.73x
TEVNet Income
10.44x
Debt TEV
0.41x
Three Year Compounded Annual Growth Rate Of Revenue
-4.04%
Five Year Compounded Annual Growth Rate Of Revenue
-2.15%
Non-Profit Donations & Grants
Political Donations
$1,500
2014
$1,500
2014
Investments
Details Hidden

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 San Francisco, CA.

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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.

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

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. The company was founded by Aron Goldfarb in 1974 and is headquartered in New York, NY.

PVH Corp. Apparel & Footwear | 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 providing integrated information and payment management solutions. It enables enterprises to achieve visibility, control and efficiency in supply chains, communications networks, facilities and other operations. The company operates through the following segments: Information Services and Banking Services. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. The Banking Services segment provides banking services primarily to privately held businesses and faith-based ministries. Cass Information Systems was founded in 1906 and is headquartered in St. Louis, MO.

Competitors
L Brands, Inc. Retail: Apparel & Footwear - Columbus, OH

L Brands, Inc. engages in the retail business. It is focused on women's intimate and other apparel, personal care and beauty categories. It operates its business through the following segments: Victorias Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. Its brands include Victorias Secret, Bath and Body Works, Pink, La Senza, and Henri Bendel. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.

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

Gap, Inc. operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix. 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 Intermix segment features styles from various designers. Gap was 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. owns and operates family-oriented department stores. It offers exclusive brand apparel, shoes, accessories and home & beauty products through its department stores. Its stores offer apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers. Its 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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