Macy's, Inc. (M) Bundle
A Brief History of Macy's, Inc. (M)
Company Overview
Macy's, Inc. (NYSE: M) is headquartered in Cincinnati, Ohio, with total revenue of $23.91 billion as of fiscal year 2022. The company operates 504 Macy's stores and 51 Bloomingdale's stores across the United States.
Financial Performance
| Financial Metric | 2022 Value |
|---|---|
| Total Revenue | $23.91 billion |
| Net Income | $1.14 billion |
| Total Assets | $13.45 billion |
| Market Capitalization | $4.98 billion |
Store Operations
- Total Macy's stores: 504
- Total Bloomingdale's stores: 51
- Bluemercury stores: 171
- Digital sales: 35% of total revenue
Workforce
Macy's, Inc. employs approximately 95,000 workers across its various retail brands and corporate operations.
Strategic Focus Areas
- Omnichannel retail strategy
- Digital transformation
- Store optimization
- Private label brand development
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Symbol | M |
| 52-Week Low | $5.97 |
| 52-Week High | $15.14 |
A Who Owns Macy's, Inc. (M)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 45,835,753 | 13.71% |
| BlackRock Inc. | 37,848,345 | 11.31% |
| Dimensional Fund Advisors LP | 18,920,286 | 5.65% |
Top Institutional Investors
- Vanguard Group Inc: 45,835,753 shares
- BlackRock Inc.: 37,848,345 shares
- State Street Corporation: 25,655,412 shares
- Dimensional Fund Advisors LP: 18,920,286 shares
- Capital World Investors: 16,435,200 shares
Insider Ownership
As of 2024, Macy's insider ownership represents approximately 0.42% of total outstanding shares, with key executives holding significant stock positions.
Public Float
Total public float: 334,700,000 shares
Ownership Structure
Macy's, Inc. is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol M.
Macy's, Inc. (M) Mission Statement
Company Overview
Macy's, Inc. (NYSE: M) reported total sales of $23.83 billion for the fiscal year 2023. The company operates 504 Macy's stores and 37 Bloomingdale's locations across the United States.
Mission Statement Components
- Retail strategy focused on omnichannel customer experience
- Net sales of $23.83 billion in fiscal 2023
- Digital sales representing 34.5% of total sales
Strategic Priorities
| Priority Area | Specific Target | Financial Impact |
|---|---|---|
| Digital Transformation | 34.5% of sales from digital channels | $8.22 billion in digital revenue |
| Cost Management | Reduced operating expenses | $4.5 billion in expense reductions |
| Store Optimization | 504 Macy's stores | $23.83 billion total sales |
Financial Performance
For fiscal year 2023, Macy's reported:
- Total revenue: $23.83 billion
- Net income: $564 million
- Gross margin: 37.7%
- Operating margin: 6.8%
Market Positioning
Macy's market capitalization as of January 2024: $3.98 billion. Stock price range in 2023: $4.58 - $7.29.
How Macy's, Inc. (M) Works
Company Overview
Macy's, Inc. operates as a retail corporation with 501 stores across 43 states as of January 2024. The company generated $23.92 billion in total revenue for the fiscal year 2023.
Business Segments
| Segment | Revenue | Stores |
|---|---|---|
| Macy's Retail | $19.3 billion | 430 stores |
| Bloomingdale's | $3.1 billion | 38 stores |
| Digital Sales | $5.8 billion | Online Platform |
Financial Performance
Net income for fiscal year 2023: $564 million. Gross margin: 37.4%. Operating cash flow: $1.2 billion.
Store Formats
- Macy's Full-Line Stores
- Macy's Backstage
- Bloomingdale's
- Digital Platforms
Employee Statistics
Total employees: 75,000 as of January 2024. Average hourly wage: $15.50.
Product Categories
| Category | Percentage of Sales |
|---|---|
| Women's Apparel | 28% |
| Men's Apparel | 22% |
| Accessories | 18% |
| Home Goods | 15% |
| Beauty | 12% |
Digital Strategy
E-commerce represents 28% of total sales. Mobile app downloads: 7.2 million active users.
Geographic Distribution
- Northeast: 112 stores
- Southeast: 95 stores
- Midwest: 134 stores
- West: 160 stores
How Macy's, Inc. (M) Makes Money
Revenue Streams
Macy's, Inc. generates revenue through multiple channels:
| Retail Sales (Physical Stores) | $17.63 billion (2023 fiscal year) |
| Online Sales (Macys.com) | $4.86 billion (2023 fiscal year) |
| Bloomingdale's Sales | $2.94 billion (2023 fiscal year) |
Product Categories
- Women's Apparel: $6.2 billion
- Men's Apparel: $3.8 billion
- Accessories and Handbags: $2.5 billion
- Home Goods: $3.1 billion
- Beauty and Cosmetics: $1.7 billion
Private Label and Exclusive Brands
Macy's generates additional revenue through:
- Inc International Concepts
- Style & Co
- Bar III
- Alfani
Financial Performance
| Total Revenue (2023) | $25.43 billion |
| Net Income (2023) | $564 million |
| Gross Margin | 38.4% |
Sales Channels
| Physical Stores | 513 Macy's locations |
| Bloomingdale's Stores | 38 locations |
| Online Platforms | Macys.com, Bloomingdales.com |
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