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Macy's: Headwinds Blowing Too Hard

Mar. 26, 2023 10:13 AM ETMacy's, Inc. (M)21 Comments
Marcos Rodriguez profile picture
Marcos Rodriguez


  • Macy's minute growth leaves the company stagnant.
  • Industry is hyper-competitive, and the pandemic accelerated Macy's loss of market share.
  • Discount retailers, e-commerce, and weak stores are all notable headwinds.
  • Nike and other brands that are reaching into direct-to-consumer may drop Macy's as a distributor.

Macy"s Reports Stronger Q4 Earnings Buoyed By Holiday Profits

Michael M. Santiago/Getty Images News

Investment Thesis

It's often easy to get caught up in the numbers when dealing with stocks, but on a fundamental level, a stock is only as desirable as the underlying business. As an investor who focuses on long-term

Shows department store sales in a line chart in billions from 1992 to 2021

Department Store Sales, 1992-2021 (Billions of $) (Statista)

Pseudo financial statement from Macy's march 2023 8K

Macy's 8k

Department store yearly sales in billions

Department Store Sales by Year (Statista)

Shows a graphic of the Polaris program's goals and how Macy's had worked to achieve them in 2022

Macy's Q4 2022 Polaris Updates (Macy's Q4 2022 Earnings Presentation)

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This article was written by

Marcos Rodriguez profile picture
University of Chicago undergraduate pursuing an investment career, providing fundamental-analysis-based insight into capital markets. Applying refined research skills to investment opportunities.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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