MNYSERetail-Department StoresUS GAAP · USD

Macy's, Inc.

Macy's, Inc. operates a portfolio of U.S. department store and beauty retail banners, including Macy's, Bloomingdale's and Bluemercury, across physical stores, digital channels and marketplace formats. The company sells apparel, accessories, cosmetics, home goods and other consumer merchandise, while also using private brands, off-price concepts and omni-channel fulfillment to differentiate its offer.

Kysy yhtiöstä
Liikevaihto22,6mrd USD
−1,7 %v/v
Liikevoitto (EBIT)1 030milj. USD
+13,3 %v/v
EBIT-marginaali4,6%
+0,6 %-yks.v/v
Nettotulos642milj. USD
+10,3 %v/v
Vapaa kassavirta1 057milj. USD
+39,1 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−100102030mrd USD2021: 17,3 mrd USD2021: EBIT −4,5 mrd USD20212022: 25,4 mrd USD2022: EBIT 2,4 mrd USD20222023: 25,4 mrd USD2023: EBIT 1,7 mrd USD20232024: 23,9 mrd USD2024: EBIT 0,30 mrd USD20242025: 23,0 mrd USD2025: EBIT 0,91 mrd USD20252026: 22,6 mrd USD2026: EBIT 1,0 mrd USD202622,61,0
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Macy's, Inc.

Liiketoiminta

Osuus liikevaihdosta
Macy's nameplate retail55 %

Full-line Macy's stores, Macy's Backstage, Macy's small format and related digital sales.

Bloomingdale's luxury retail20 %

Bloomingdale's full-line stores, Bloomingdale's The Outlet, Bloomie's and marketplace sales.

Bluemercury beauty retail10 %

Prestige beauty, skincare and related services sold through Bluemercury stores and online.

Private brands and licensed merchandise10 %

Company-owned brands and licensed labels designed and sourced through Macy's Merchandising Group.

Other revenue and services5 %

Credit program services, marketplace commissions, restaurant sales and gift card breakage.

Tuotteet

Raportoitu · osuus liikevaihdosta
41,9%21,9%21,4%14,8%FY2026100 %
  • Womens Accessories Shoes Cosmetics and Fragrances41,9 %
  • Womens Apparel21,9 %
  • Mens and Kids21,4 %
  • Home Other14,8 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Macy's serves broad middle-market department store shoppers who buy apparel, accessories, cosmetics and home merchandise for everyday and seasonal needs. Bloomingdale's targets higher-income customers seeking premium and luxury brands, while Bluemercury serves beauty-focused consumers looking for prestige skincare and cosmetics. The company also attracts value-oriented shoppers through Backstage and digital marketplace customers seeking wider assortment and price variety.

Macy's core department store customers

Buy apparel, accessories, cosmetics and home goods from the Macy's banner for convenience, brand mix and promotions.

Bloomingdale's premium and luxury customers

Buy higher-end fashion, accessories and beauty from Bloomingdale's stores and digital channels for exclusivity and brand curation.

Bluemercury beauty shoppers

Buy prestige beauty and skincare products, often valuing service, assortment depth and premium brands.

Off-price and value shoppers

Buy discounted or opportunistic merchandise through Backstage and outlet formats to access lower prices.

Marketplace and omni-channel customers

Buy through digital marketplace and omni-channel fulfillment for broader assortment, convenience and speed.

Strategia

Macy's is executing a three-year 'A Bold New Chapter' strategy focused on improving the customer experience, rationalizing underproductive stores and reallocating capital to higher-return locations and digital capabilities. The company is also pushing private brands, marketplace expansion and luxury growth at Bloomingdale's to improve assortment relevance and defend traffic in a highly promotional retail environment.

Strengthen and reimagine Macy's nameplateLyhyt aikaväli

The core banner needs better productivity, relevance and traffic to offset store rationalization and online competition.

Accelerate digital and omni-channel capabilitiesKeskipitkä aikaväli

Stores and digital channels are linked, so better search, fulfillment and in-stock performance support conversion and retention.

Grow luxury and premium bannersKeskipitkä aikaväli

Bloomingdale's and Bluemercury provide a more differentiated, higher-end customer proposition and help balance the Macy's banner.

Preserve balance sheet flexibility and shareholder returnsLyhyt aikaväli

Retail is cyclical and capital intensive, so liquidity and credit metrics support resilience through changing demand.

Maantiede

Macy's is primarily a U.S. retailer, with 680 store locations across 43 states, the District of Columbia, Puerto Rico and Guam as of early 2025. Most stores are in urban and suburban trade areas, and the business depends heavily on mall traffic, local demographics and regional consumer spending patterns. The company also has licensed Bloomingdale's stores in Dubai and Kuwait, but these are not a major part of the consolidated footprint.

Riskit

Macy's faces execution risk in its store rationalization and omni-channel transformation, because traffic declines or weak customer response can reduce sales and trigger restructuring costs. It is also exposed to vendor, sourcing and tariff risk because most merchandise is sourced outside the U.S., primarily Asia, while its brand value depends on maintaining a strong shopping experience and reputation.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Store traffic decline and mall weakness1Supply chain and third-party dependence2Tariffs and foreign trade policy3Strategy execution risk4Reputational risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Store traffic decline and mall weaknessVaikutus: KorkeaTodennäköisyys: Korkea

    The business relies on physical stores to generate sales, fulfillment and brand visibility, so lower traffic directly hurts revenue and fixed-cost leverage.

    Kohdistuu: Macy's full-line stores and mall-based locations

  2. Supply chain and third-party dependenceVaikutus: KorkeaTodennäköisyys: Korkea

    The company depends on external vendors and sources most merchandise outside the U.S., creating disruption and insolvency risk.

    KohdistuuImported apparelAccessoriesHomeBeauty merchandise
  3. Tariffs and foreign trade policyVaikutus: KorkeaTodennäköisyys: Korkea

    Higher import duties or policy changes can raise product costs and reduce gross margin if not passed through to customers.

    Kohdistuu: Primarily Asia-sourced merchandise

  4. Strategy execution riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Store closures, reimagined locations and assortment changes may not produce the expected productivity gains or customer response.

    Kohdistuu: A Bold New Chapter transformation program

  5. Reputational riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Brand perception affects customer loyalty, employee retention and access to capital, especially during restructuring and climate-related scrutiny.

    KohdistuuMacy'sBloomingdale'sPrivate brands
Kysy Clarifolta: Macy's, Inc.

Kirjanpito

Harkinnanvaraiset erät
Long-lived asset impairment and restructuring charges

Store closures and underproductive locations require judgment on asset recoverability and exit costs, affecting earnings volatility.

Vaikutus: Can materially change operating income in transformation periods

Real estate monetization gains

Sales of owned properties can create non-recurring gains that lift reported operating income and obscure underlying retail performance.

Vaikutus: Can distort comparability across quarters and years

Seasonality and comparable sales

Holiday demand and promotional timing affect quarterly revenue and margin comparisons, especially in department store retail.

Vaikutus: Makes interim results less representative of full-year performance

Other revenue recognition

Credit program services, marketplace activity, restaurant sales and gift card breakage are recognized differently from merchandise sales.

Vaikutus: Affects mix, gross margin and revenue growth rates

Lease accounting

Store and distribution leases are a major fixed-cost commitment and influence leverage and expense recognition.

Vaikutus: Affects operating expenses, liabilities and cash flow presentation

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Coty Inc

COTY · Perfumes, Cosmetics & Other Toilet Preparations

Dillard's, Inc

DDS · Retail-Department Stores

The Estee Lauder Companies, Inc

EL · Perfumes, Cosmetics & Other Toilet Preparations

Dollar General Corporation

DG · Retail-Variety Stores

Wayfair Inc.

W · Retail-Catalog & Mail-Order Houses

1-800-FLOWERS.COM, Inc

FLWS · Retail-Retail Stores, NEC

Päivitetty: 24.9.2026

Macy's, Inc. (M) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo