Macys Archives - CFO

Building a Case for Macy’s and Just Eat Takeaway’s Spinoffs

Building a Case for Macy’s and Just Eat Takeaway’s Spinoffs

Macy’s e-commerce unit could fetch a handsome valuation as a standalone, and poorly performing Grubhub is dragging down JET's stock price.

By Vincent Ryan | October 26, 2021

2020 CFO Departures and Arrivals

2020 CFO Departures and Arrivals

From Ford to Cisco, Macy’s to Moderna many companies saw changes at the CFO position last year.

By Lauren Muskett | January 4, 2021

CFOs On the Move: Week Ending October 16

CFOs On the Move: Week Ending October 16

Macy’s, Libra Networks, Squarespace, Urban Outfitters, Superdry, Wrightspeed, TPN, Harmony Senior Services, Realty Income, BMC

By Lauren Muskett | October 16, 2020

Macy’s Invests in ‘Buy Now, Pay Later’ Company Klarna

Macy’s Invests in ‘Buy Now, Pay Later’ Company Klarna

The deal includes the retailer using the company’s installment payment plan as an option at online checkout.

By Lauren Muskett | October 6, 2020

Macy’s Shares Higher on Better-Than-Expected Q2

Financial Performance

Macy’s Shares Higher on Better-Than-Expected Q2

Digital sales increased 53% year-over-year, which helped offset the loss of sales at stores due to coronavirus closures.

By Lauren Muskett | September 2, 2020

Macy’s Raises $4.5 Billion in New Financing

Credit & Capital

Macy’s Raises $4.5 Billion in New Financing

The company said its reopened stores are outperforming.

By Lauren Muskett | June 9, 2020

CFOs On the Move: Week Ending May 22

CFOs On the Move: Week Ending May 22

Republic Services, Macy’s, CBS News, Organon, Scientific Games, FabFitFun, OODA Health, Lief Labs, Diamond Estates Wines & Spirits, Axiom

By Lauren Muskett | May 22, 2020

Macy’s CFO Paula Price to Step Down

Macy’s CFO Paula Price to Step Down

Price’s departure comes amid a massive retail shutdown that forced the company to close stores, furlough employees, and temporarily cut executive pay.

By Lauren Muskett | April 7, 2020

Can Big Retailers Be Saved?

Can Big Retailers Be Saved?

Innovative store concepts are buying some time, but brands like Macy’s and J.C. Penney need a lot more to reverse the falloff in sales.

By Lauren Muskett | February 20, 2020

Macy’s to Close 125 Stores, Cut 2,000 Corporate Jobs

Macy’s to Close 125 Stores, Cut 2,000 Corporate Jobs

The closings are part of the retailer’s turnaround strategy that aims to find $1.5 billion in annual cost savings by the end of 2022.

By Lauren Muskett | February 5, 2020

Macy’s Posts First Comp Sales Drop in 2 Years

Financial Reporting

Macy’s Posts First Comp Sales Drop in 2 Years

“The mall is getting more toxic," one analyst warns. "Mall traffic will likely continue to wane over the years ahead.”

By Matthew Heller | November 21, 2019

CFOs to Watch 2019: Will They Sink or Swim?

CFOs to Watch 2019: Will They Sink or Swim?

The success or failure of these 20 CFOs will decide their companies’ futures in a time of economic uncertainty and technological disruption.

By CFO Staff | October 9, 2019

Online Clothing Reseller ThredUp Gets $175 Million Infusion

Credit & Capital

Online Clothing Reseller ThredUp Gets $175 Million Infusion

The company plans to expand its platform to offer resale services to retailers, and recently announced partnerships with Macy’s and J.C. Penney.

By Lauren Muskett | August 21, 2019

Macy’s Shares Fall 13% on Big Earnings Miss

Financial Performance

Macy’s Shares Fall 13% on Big Earnings Miss

Same-store sales improved in the second quarter but profit was hit by heavy markdowns to clear unsold merchandise.

By Matthew Heller | August 14, 2019

Macy’s to Cut Top Jobs as Part of Savings Plan

Financial Performance

Macy’s to Cut Top Jobs as Part of Savings Plan

The layoffs of about 100 senior-level staff will allow the retailer to move faster, reduce costs, and be more responsive to changing customer expectations.

By Matthew Heller | February 26, 2019