Macy's Inc (NYSE:M)
$ 19.35 -0.1 (-0.51%) Market Cap: 5.32 Bil Enterprise Value: 10.27 Bil PE Ratio: 52.30 PB Ratio: 1.28 GF Score: 74/100

Macy's Inc at Morgan Stanley Global Consumer Conference (Virtual) Transcript

Dec 01, 2020 / 01:00PM GMT
Release Date Price: $10.4 (+1.86%)
Kimberly Conroy Greenberger
Morgan Stanley, Research Division - MD

Good morning, everyone. My name is Kimberly Greenberger, and I'm the specialty softline, department store and branded apparel analyst here at Morgan Stanley. We're very pleased that you were able to join us today to kick off Morgan Stanley's Global Consumer & Retail Conference, and we're equally delighted to welcome Macy's management with us today. Macy's is the largest U.S. department store, generating nearly $25 billion in revenue in 2019 across over 770 store locations. The company operates the Macy's and Bloomingdale's banners as well as the luxury beauty retailer Bluemercury.

Today, we are joined by CEO, Jeff Gennette; and newly appointed Chief Financial Officer, Adrian Mitchell. Jeff was elected CEO in March of 2017, having been with the company for nearly 40 years. Most recently, he held the role of President for Macy's, Inc. and previously served as Chief Merchandising Officer. Adrian joined Macy's in November, bringing a vast and varied retail experience, strategic perspective and operational track record to Macy's

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