AllAnalyst Report
logoMorningstarJanuary 21, 2022

Macy's, Inc.: Polaris Plan's Ultimate Success Is Uncertain as No-Moat Macy’s Recovers From the COVID-19 Disruption

Symbols
M
Sector(s)
Consumer Cyclical
Rating
Current Price
$18.73
Fair Value
Economic Moat
Stewardship
Summary

Founded in 1858, Macy’s operates nearly 600 stores under the Macy’s nameplate, 58 stores under the Bloomingdale’s nameplate, and 160 freestanding Bluemercury specialty beauty stores. Macy’s also operates e-commerce sites, owns 65% of a Chinese e-commerce joint venture, and licenses two Bloomingdale’s stores in the United Arab Emirates and Kuwait. Women’s apparel, accessories, shoes, c

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Analyst Profile

David Swartz

Equity Analyst
David Swartz is an equity analyst in the consumer sector research group for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers consumer-focused companies in retail and apparel.Before joining Morningstar in 2018, Swartz worked as a money manager and equity analyst for a family office in the Seattle area. He also worked as an analyst and fund manager for three equity hedge funds in the San Francisco Bay Area.Swartz holds a bachelor’s degree in economics from the University of California at Berkeley and a master’s degree in economics from Yale University. He also holds a certificate in finance (investment management specialization) from UC Berkeley Extension.