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Macy's is a global retail company that sells apparel, accessories, cosmetics, home furnishings, and other consumer goods. It operates department and specialty stores, websites, and mobile applications under three brands: Macy's, Bloomingdale's, and Bluemercury.
TypePublic
Founded1858
HQCincinnati, US
Websitemacys.com
Culture scoreC-

Latest Updates

Employees (est.) (Feb 2020)123,000(-5%)
Job Openings67
Revenue (FY, 2019)$24.6 B(-1%)
Share Price (May 2020)$5.2 (-2%)

Key People/Management at Macy's

Jeff Gennette

Jeff Gennette

Chairman & Chief Executive Officer
Matt Baer

Matt Baer

Chief Digital Officer
Paula A. Price

Paula A. Price

Chief Financial Officer
Elisa D. Garcia

Elisa D. Garcia

Chief Legal Officer and Secretary
John Harper

John Harper

Chief Operations Officer
Cheryl Heinonen

Cheryl Heinonen

Senior Vice President, Corporate Communications
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Macy's Office Locations

Macy's has offices in Cincinnati, Duluth, Mason, New York and in 2 other locations
Cincinnati, US (HQ)
7 W 7th St
Duluth, US
5985 State Bridge Rd
Mason, US
9111 Duke Blvd
New York, US
1000 3rd Ave
New York, US
11 Pennsylvania Plaza
New York, US
151 W 34th St
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Macy's Financials and Metrics

Macy's Revenue

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Macy's's revenue was reported to be $24.56 b in FY, 2019 which is a 1.6% decrease from the previous period.
USD

Revenue (FY, 2019)

24.6b

Revenue growth (FY, 2019 - FY, 2019), %

(1.6%)

Gross profit (FY, 2019)

9.4b

Gross profit margin (FY, 2019), %

38.2%

Net income (FY, 2019)

564.0m

EBIT (FY, 2019)

970.0m

Market capitalization (22-May-2020)

1.6b

Closing stock price (22-May-2020)

5.2

Cash (1-Feb-2020)

685.0m

EV

5.1b
Macy's's current market capitalization is $1.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

25.8b24.8b25.0b24.6b

Revenue growth, %

(5%)(4%)1%(2%)

Cost of goods sold

15.6b15.2b15.2b15.2b

Gross profit

10.2b9.7b9.8b9.4b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

5.3b5.6b5.3b5.5b5.6b5.4b5.5b5.5b5.2b

Cost of goods sold

3.3b3.3b3.2b3.4b3.3b3.2b3.4b3.4b3.1b

Gross profit

2.0b2.2b2.1b2.2b2.3b2.2b2.1b2.2b2.1b

Gross profit Margin, %

38%40%40%39%40%40%38%39%40%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.3b1.5b1.2b685.0m

Accounts Receivable

522.0m363.0m400.0m409.0m

Prepaid Expenses

408.0m448.0m620.0m528.0m

Inventories

5.4b5.2b5.3b5.2b
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

611.0m1.5b1.1b564.0m

Depreciation and Amortization

1.1b991.0m962.0m981.0m

Inventories

107.0m221.0m(87.0m)75.0m

Accounts Payable

(132.0m)162.0m55.0m40.0m
Quarterly
USDY, 2020

EV/EBIT

5.2 x

EV/CFO

3.2 x

Revenue/Employee

199.7k

Debt/Equity

0.7 x

Debt/Assets

0.2 x

Financial Leverage

3.3 x

P/E Ratio

2.9
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Macy's Operating Metrics

Macy's's Stores was reported to be 839 in FY, 2019.
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Macy's Acquisitions / Subsidiaries

Company NameDateDeal Size
STORYMay 02, 2018
BluemercuryFebruary 03, 2015
May Department Stores CompanyFebruary 27, 2005
Broadway StoresSeptember 30, 1995
Advertex Communications, Inc.
Bloomingdales.com, LLC
Bloomingdale's, Inc.
Bloomingdale’s, LLC
Bloomingdale’s The Outlet Store, LLC
FDS Bank
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Macy's Revenue Breakdown

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Macy's revenue breakdown by business segment: 16.6% from Home/Miscellaneous , 22.0% from Women’s Apparel, 38.5% from Women’s Accessories, Intimate Apparel, Shoes, Cosmetics and Fragrances and 22.9% from Men’s and Children’s

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Macy's Online and Social Media Presence

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Macy's Company Culture

  • Overall Culture

    C-

    62/100

  • CEO Rating

    C-

    64/100

  • Compensation

    D

    53/100

  • Diversity

    C-

    61/100

Learn more on Comparably

Macy's News and Updates

Anchor stores like JCPenney and Macy's once drew crowds to suburban malls. Now their struggles could push hundreds of malls into extinction.

The novel coronavirus is crippling department stores, leading to a rash of bankruptcies and store closings.  Malls will struggle to find replacement tenants for the large, multi-story buildings — known as anchor stores — that department stores occupy, at a time when most businesses are halting sto…

Macy's CEO: $10 billion in sales are up for grabs because of retail bankruptcies

Macy's chief executive officer sees $10 billion in sales up for grabs because of the flood of retail bankruptcies taking place and accelerated due to the coronavirus pandemic.

Macy's expects quarterly loss of up to $1.1 billion

Macy's expects quarterly loss of up to $1.1 billion

Macy's issues Q1 sales warning, says most stores to reopen by late June

Macy's Inc. shares slipped 0.6% in Thursday premarket trading after the department store retailer issued a first-quarter sales warning. Macy's expects sales to total $3.00 billion to $3.03 billion, down from $5.50 billion last year and below the $3.60 billion FactSet forecast. The company also expe…

Macy's forecasts a first-quarter loss of up to $1.1 billion, with stores shut from virus outbreak

Macy's expects first-quarter sales to fall by as much as 45%, and it could report a loss of more than $1 billion, as the department store operator was forced to shut stores amid the Covid-19 crisis.
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Macy's Frequently Asked Questions

  • When was Macy's founded?

    Macy's was founded in 1858.

  • Who are Macy's key executives?

    Macy's's key executives are Jeff Gennette, Matt Baer and Paula A. Price.

  • How many employees does Macy's have?

    Macy's has 123,000 employees.

  • What is Macy's revenue?

    Latest Macy's annual revenue is $24.6 b.

  • What is Macy's revenue per employee?

    Latest Macy's revenue per employee is $199.7 k.

  • Who are Macy's competitors?

    Competitors of Macy's include Gap, Target and J.C. Penney.

  • Where is Macy's headquarters?

    Macy's headquarters is located at 7 W 7th St, Cincinnati.

  • Where are Macy's offices?

    Macy's has offices in Cincinnati, Duluth, Mason, New York and in 2 other locations.

  • How many offices does Macy's have?

    Macy's has 8 offices.