Macy's, Inc., originally Federated Department Stores, Inc., is an American holding company and the owner of department store chains Macy's and Bloomingdale's. The Company sells a wide range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods. The specific assortments vary by size of store, merchandising assortments and character of customers in the trade areas. Most stores are located at urban or suburban sites, principally in densely populated areas across the United States.


Company Growth (employees)
Type
Public
HQ
Cincinnati, US
Founded
1858
Size (employees)
148,300 (est)
Macy's was founded in 1858 and is headquartered in Cincinnati, US

Key People at Macy's

Terry  Lundgren

Terry Lundgren

Chairman & CEO
Karen  Hoguet

Karen Hoguet

CFO
Robert   Harrison

Robert Harrison

COO
Jeffrey  Gennette

Jeffrey Gennette

President
Richard Lennox

Richard Lennox

CMO
Jeffrey  Kantor

Jeffrey Kantor

CSO
Peter  Sachse

Peter Sachse

CGO
Molly  Langenstein

Molly Langenstein

CPBO
Cheryl Heinonen

Cheryl Heinonen

EVP
Felicia Williams

Felicia Williams

EVP, Controller, Enterprise Risk
Elisa Garcia

Elisa Garcia

CLO
William  Allen

William Allen

Chief HR Officer

Macy's Office Locations

Macy's has an office in Cincinnati
Cincinnati, US (HQ)
7 West Seventh Street Cincinnati

Macy's Data and Metrics

Macy's Financial Metrics

Macy's's revenue was reported to be $5.3 b in Q1, 2017
USD

Revenue (Q1, 2017)

5.3 b

Gross profit (Q1, 2017)

8.6 b

Gross profit margin (Q1, 2017), %

162%

Net income (Q1, 2017)

70 m

EBIT (Q1, 2017)

220 m

Market capitalization (15-Aug-2017)

6.2 b

Cash (29-Apr-2017)

1.2 b
Macy's's current market capitalization is $6.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

27.9 b28.1 b27.1 b25.8 b25.8 b

Revenue growth, %

1%(4%)(5%)

Cost of goods sold

16.7 b16.9 b16.5 b15.6 b(15.6 b)

Gross profit

11.2 b11.2 b10.6 b10.2 b41.4 b

Gross profit Margin, %

40%40%39%39%161%

General and administrative expense

8.4 b8.4 b8.3 b8.3 b(8.3 b)

Operating expense total

8.4 b8.4 b8.3 b8.3 b(8.3 b)

EBIT

2.7 b2.8 b2 b1.3 b1.3 b

EBIT margin, %

10%10%8%5%5%

Interest expense

390 m395 m363 m367 m(367 m)

Interest income

2 m2 m2 m4 m4 m

Pre tax profit

2.3 b2.4 b1.7 b952 m952 m

Net Income

1.5 b1.5 b1.1 b611 m611 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

6.1 b5.9 b5.8 b5.9 b5.6 b5.3 b

Cost of goods sold

(3.6 b)(3.5 b)(3.5 b)(3.5 b)(3.4 b)(3.3 b)

Gross profit

9.7 b9.4 b9.3 b9.3 b9 b8.6 b

Gross profit Margin, %

159%160%161%159%160%162%

General and administrative expense

(2.1 b)(2 b)(2 b)(2 b)(2.1 b)(1.8 b)

Operating expense total

(2.1 b)(2 b)(2 b)(2 b)(2.1 b)(1.8 b)

EBIT

436 m258 m276 m117 m107 m220 m

EBIT margin, %

7%4%5%2%2%4%

Interest expense

(94 m)(80 m)(99 m)(98 m)(82 m)(86 m)

Interest income

1 m1 m1 m1 m2 m

Pre tax profit

343 m178 m178 m20 m26 m133 m

Net Income

516 m733 m193 m410 m527 m115 m124 m139 m70 m
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.3 b2.2 b1.1 b1.3 b1.3 b

Accounts Receivable

424 m558 m522 m

Inventories

5.5 b5.5 b5.4 b

Current Assets

8.7 b8.7 b7.7 b7.6 b7.6 b

PP&E

7.8 b7.6 b7 b

Goodwill

3.7 b3.7 b3.9 b3.9 b3.9 b

Total Assets

21.6 b21.5 b20.6 b19.9 b19.9 b

Accounts Payable

1.7 b1.5 b1.4 b3.6 b

Total Debt

6.7 b7.3 b7.6 b6.9 b6.6 b

Current Liabilities

5.7 b5.5 b5.7 b5.6 b5.6 b

Common Stock

4 m4 m3 m3 m3 m

Additional Paid-in Capital

2.5 b1 b621 m617 m617 m

Total Equity

6.2 b5.4 b4.3 b4.3 b4.3 b

Debt to Equity Ratio

1.1 x1.4 x1.8 x1.6 x1.5 x

Debt to Assets Ratio

0.3 x0.3 x0.4 x0.3 x0.3 x

Financial Leverage

3.5 x4 x4.8 x4.6 x4.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

1.6 b1 b1.5 b843 m474 m734 m1 b457 m1.2 b

Current Assets

7.8 b9.6 b8.3 b7.2 b9.2 b7.4 b7.2 b8.8 b7.6 b

Goodwill

3.7 b3.7 b3.9 b3.9 b3.9 b3.9 b3.9 b3.9 b3.9 b

Total Assets

20.6 b22.4 b21.2 b20.1 b22.1 b20.2 b19.7 b21.3 b19.6 b

Accounts Payable

2.2 b2.6 b2.4 b2.3 b2.7 b2.7 b2.5 b2.9 b2.9 b

Current Liabilities

5.1 b7 b5.4 b4.9 b7.8 b5.4 b5.5 b7.2 b5.6 b

Total Equity

4 b4.2 b4.1 b3.8 b4.3 b

Financial Leverage

5.6 x4.9 x4.9 x5.6 x4.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2017

Net Income

1.5 b1.5 b1.1 b611 m

Depreciation and Amortization

1 b1 b1.1 b1.1 b

Inventories

21 m(76 m)(63 m)107 m

Accounts Payable

48 m129 m68 m(162 m)

Cash From Operating Activities

2.5 b2.7 b2 b1.8 b

Purchases of PP&E

(607 m)(770 m)(777 m)(596 m)

Cash From Investing Activities

(788 m)(970 m)(1.1 b)(187 m)

Long-term Borrowings

(124 m)(870 m)(152 m)(751 m)

Dividends Paid

(359 m)(421 m)(456 m)(459 m)

Cash From Financing Activities

(1.3 b)(1.8 b)(2 b)(1.4 b)

Interest Paid

388 m413 m383 m396 m

Income Taxes Paid

835 m834 m635 m352 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

516 m733 m193 m410 m527 m115 m124 m139 m70 m

Depreciation and Amortization

507 m770 m259 m520 m791 m260 m520 m787 m243 m

Cash From Operating Activities

646 m777 m53 m398 m278 m8 m560 m308 m234 m

Purchases of PP&E

(245 m)(483 m)(180 m)(367 m)(591 m)(153 m)(293 m)(451 m)(117 m)

Cash From Investing Activities

(288 m)(596 m)(381 m)(615 m)(861 m)(211 m)(338 m)(491 m)(60 m)

Dividends Paid

(204 m)(314 m)(106 m)(227 m)(344 m)(112 m)(228 m)(344 m)(115 m)

Cash From Financing Activities

(1 b)(1.4 b)(409 m)(1.2 b)(1.2 b)(172 m)(331 m)(469 m)(270 m)

Interest Paid

202 m284 m81 m194 m274 m80 m200 m279 m76 m

Income Taxes Paid

495 m565 m314 m450 m474 m257 m292 m308 m16 m
Y, 2017

Financial Leverage

4.6 x

Macy's Operating Metrics

Macy's's Stores was reported to be 841 in Jun, 2017
Q1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Jun, 2017Jun, 2017

Stores

886887901871874879888829841841

Transactions

600 m

Visitors

1.5 b

Macy's Market Value History

Macy's Revenue Breakdown

Macy's Median Salaries

Source: 118 public H-1B filings from Macy's

Traffic Overview of Macy's

Macy's Online and Social Media Presence

Macy's News and Updates

Macy's might shut down more stores (M)

Macy's is in the process of shutting down 100 stores, or nearly 15% of its store base, as it battles plunging sales and traffic.  But it needs to close even more locations to revive business, according to analysts and industry experts.  The market "probably wants to see anot…

The case for why Amazon should buy Macy's (AMZN, M)

Macy's is reportedly in talks to sell itself to Saks owner Hudson's Bay, but its best possible buyer may actually be the company that triggered the decline of its retail dominance: Amazon. According to Cowen & Co. analyst Oliver Chen, a Macy's-Amazon combination could be…

Macy's is under pressure to drop Ivanka Trump (M)

As a movement to boycott businesses that do business with the Trump family heats up, Macy's is under pressure to dump Ivanka Trump's fashion brand.  With Nordstrom announcing on Thursday that it had decided to stop selling Ivanka Trump's brand, reportedly due to declining sa…

Macy's has reportedly been approached about a takeover by Canadian retailer Hudson's Bay

Macy's has received a takeover offer from Canadian retailer Hudson's Bay according to a report from the Wall Street Journal. According to the Journal's Dana Mattioli, Suzanne Kapner, and David Benoit the talks are preliminary and a deal is not assured, citing sources close t…

Macy's restructuring to focus on digital (M)

This story was delivered to BI Intelligence "E-Commerce Briefing" subscribers. To learn more and subscribe, please click here. Department store chain Macy’s will close 68 of its 880 store locations as part of a company-wide restructuring that will shift more resources to it…

Macy's shares fall 14% on job cuts plan

Shares in US department store chain Macy's dive 14% as it cuts profit forecasts and says it plans to shed 10,100 jobs
Show more

Macy's Company Life and Culture

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