Macy's Inc., which changed its name from Federated Department Stores Inc. in 2007, operates department stores under the names Macy's and Bloomingdale's. The company has offices in Cincinnati and New York. The full company operates about 840 stores including outlets, 171 Bluemercury makeup stores, and 34 Bloomingdale's stores. The company has closed 93 stores over the last three fiscal years and plans to close another 125 in FY21 - FY23. Sales in FY19 totaled $24.6 billion. Approximately 61% of sales come from feminine apparel, accessories, shoes and cosmetics. The men's and children's businesses represent a combined 23% of sales, and home/miscellaneous about 16%. The company's fiscal year ends on the Saturday closest to January 31.
TGT, STT, ORAN, MS
Chris Graja, CFASenior Analyst: Retail