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)

123K

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
Contact Data
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Executives & Employees

Chairman & Chief Executive Officer

Chief Financial Officer

Chief Operating Officer & Executive Vice President

Chief Technology Officer

Chief Transformation & Human Resources Officer

Chief Merchandising Officer

Executive Vice President, Chief Legal Officer & Secretary

Chief Customer Officer

Chief Supply Chain Officer

Chief Digital Officer

Board of Directors

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

Vice President-Global Client Partner at Google, Inc.

Director-Public Health Policy Council at Harvard University

Former Chief Executive Officer at The Home Depot

Director at Macy's Insurance, Inc.

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

Ball Corporation

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

Co-Founder at Katapult Group, Inc.

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

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Macy's, Inc.
Owners & Shareholders
Details Hidden

Yacktman specializes in long-term US equity investment strategies. They may also invest in foreign equities, debt securities, and options. The firm is research-oriented and primarily utilizes fundamental analysis for the selection of equity investments. They employ a disciplined strategy and invest in securities of any size at prices that they believe offer an attractive forward rate of return. When implementing investment strategies for their clients, Yacktman uses strategies including long and short-term purchases, margin transactions and options writing, including covered options or uncovered options.

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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.

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Formed in 2008, Fort Point is a boutique wealth advisory for high net-worth individuals and families. Creating a positive investor experience is equal parts design, execution and reporting. At Fort Point, our disciplined, solutions-based investment process is crafted to deliver consistent portfolio returns with dramatically reduced volatility, high liquidity and tax efficiency.

Recent Transactions
Details Hidden

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

Details Hidden

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

Details Hidden

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

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

Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial services and products. They strive to create the best outcomes for their clients and customers with financial ingenuity that leads to solutions that are simple, creative and responsible.

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.

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.

Key Stats and Financials As of 2020
Market Capitalization
$3.23B
Total Enterprise Value
$11.7B
Earnings Per Share
$1.81
Net Profit
$564M
EBITDAMargin
8.46%
Total Equity
$6.38B
EBITDA
$2.14B
Total Debt
$7.41B
Enterprise Value / Sales
0.46x
Enterprise Value EBITDAOperating
3.93x
TEVNet Income
20.67x
Debt TEV
0.64x
Revenue
$25.3B
Three Year Compounded Annual Growth Rate Of Revenue
-0.58%
Five Year Compounded Annual Growth Rate Of Revenue
-2.06%
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 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.

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. 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 provision of payment and information processing solutions. It operates through the following segments: Information Services; Banking Services; and Corporate, Elimination, 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
L Brands, Inc. Retail: Apparel & Footwear - Columbus, OH

L Brands, Inc. engages in the retail of women’s intimate and other apparel, personal care, beauty, and home fragrance products. It operates through the following segments: Victoria’s Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. The Victoria’s Secret segment sells women’s intimate and other apparel, personal care, and beauty products under the Victoria’s Secret and PINK brand names. The Bath & Body Works segment offers body care, home fragrance products, soaps, and sanitizers under the Bath & Body Works, White Barn, C.O. Bigelow, and other brand names. The Victoria's Secret and Bath & Body Works International segment includes the Victoria's Secret and Bath & Body Works stores located outside of the U.S. and Canada, as well as the online business in Greater China. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.

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

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

Kohl's Corp. owns and operates family-oriented department stores. It offers 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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