Macy's 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/Management at Macy's

Jeff Gennette

Jeff Gennette

Chief Executive Officer
Karen Hoguet

Karen Hoguet

Chief Financial Officer
Richard Lennox

Richard Lennox

Chief Marketing Officer
Terry Lundgren

Terry Lundgren

Executive Chairman
Elisa Garcia

Elisa Garcia

Chief Legal Officer
Justin MacFarlane

Justin MacFarlane

Chief Strategy, Analytics and Innovation Officer
John Harper

John Harper

Chief Stores Officer
Robert Harrison

Robert Harrison

Chief Operations Officer
Jeffrey Kantor

Jeffrey Kantor

Chief Merchandising Officer

Macy's Office Locations

Macy's has offices in Cincinnati and New York
Cincinnati, US (HQ)
7 West Seventh Street Cincinnati
New York, US
151 W 34th St
Show all (2)

Macy's Financials and Metrics

Macy's Financials

Macy's's revenue was reported to be $25.8 b in FY, 2017
USD

Net income (Q3, 2018)

216 m

EBIT (Q3, 2018)

121 m

Market capitalization (16-Feb-2018)

8 b

Cash (28-Oct-2017)

534 m

EV

13.8 b
Macy's's current market capitalization is $8 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 b15.6 b

Gross profit

11.2 b11.2 b10.6 b10.2 b10.2 b
USDQ3, 2013Q3, 2014Q2, 2014Q1, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

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

Cost of goods sold

3.6 b3.5 b3.5 b3.5 b3.4 b3.3 b3.3 b

Gross profit

2.5 b2.3 b2.3 b2.4 b2.2 b2 b2.2 b

Gross profit Margin, %

41%40%39%41%40%38%40%
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
USDQ3, 2013Q3, 2014Q2, 2014Q1, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

1.2 b1 b1.6 b1.9 b843 m1.5 b474 m734 m1 b457 m1.2 b783 m534 m

Inventories

432 m

Current Assets

9.6 b9.6 b7.8 b8.5 b7.2 b8.3 b9.2 b7.4 b7.2 b8.8 b7.6 b6.6 b8.3 b

Goodwill

3.7 b3.7 b3.7 b3.7 b3.9 b3.9 b3.9 b3.9 b3.9 b3.9 b3.9 b3.9 b3.9 b
    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)
    USDQ3, 2013Q3, 2014Q2, 2014Q1, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

    Net Income

    675 m733 m516 m224 m410 m193 m527 m115 m124 m139 m70 m183 m

    Depreciation and Amortization

    761 m770 m507 m253 m520 m259 m791 m260 m520 m787 m243 m487 m

    Cash From Operating Activities

    819 m777 m646 m86 m398 m53 m278 m8 m560 m308 m234 m536 m

    Purchases of PP&E

    (381 m)(483 m)(245 m)(63 m)(367 m)(180 m)(591 m)(153 m)(293 m)(451 m)(117 m)(247 m)
      Y, 2017

      EV/EBIT

      113.9 x

      EV/CFO

      7.7 x

      Financial Leverage

      4.8 x
      Show all financial metrics

      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
      Show all operating metrics

      Macy's Acquisitions / Subsidiaries

      Acquired CompanyDateDeal Size
      BluemercuryFebruary 03, 2015
      May Department Stores CompanyFebruary 27, 2005
      Broadway StoresSeptember 30, 1995

      Macy's Market Value History

      Macy's Revenue Breakdown

      Macy's Median Salaries

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

      Macy's's Web-traffic and Trends

      Macy's Online and Social Media Presence

      Macy's News and Updates

      Macy's Will Be the First Major US Department Store to Sell Hijabs

      The chain plans to sell a collection of modest dresses, tops, cardigans and hijabs online.

      U.S. Employers Only Added 148,000 Jobs in December, but That's a Good Sign

      The total number of new jobs in 2017 was nearly 2.1 million.

      Macy's to Close Stores and Cut Jobs

      Despite a rise in Holiday same-store sales, the company said it would close 11 stores, cut jobs and further streamline non-store functions to save about $300 million in costs in 2018.

      Malls Beef Up Dining, Entertainment Options to Boost Traffic

      Many mall owners are spending billions to add more upscale entertainment options after Macy's, Sears and other big department store chains have shuttered hundreds of stores.

      Macy's Executive Chairman Lundgren to Retire in January

      Jeff Gennette, who has been CEO of the US retailer since March, was widely expected to become chairman as part of a succession plan announced in June last year.

      BLACK FRIDAY NIGHTMARE: Furious customers are complaining that Macy's won't let them pay as system glitches (M)

      Macy's customers are saying the retailer's credit card system has crashed in locations across the US on Black Friday. Problems seem to have started around noon, and customers continued to report issues throughout Friday afternoon.  Macy's said in a statement that it was "taking longer than usual t…
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      Macy's Company Life and Culture

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