Macy's Inc (WBO:MACY)

€ 18.296 0.356 (1.98%) Market Cap: 4.99 Bil Enterprise Value: 9.59 Bil PE Ratio: 53.34 PB Ratio: 1.31 GF Score: 69/100

Macy's Inc Investor Day Transcript

Feb 05, 2020 / 01:00PM GMT

Release Date Price: €15.47 (+2.18%)

Transcript 8-K

Jeffrey Gennette;s

Macy;Inc. - Chairman & CEO

' -

So good morning and welcome. So I want to thank each of you for your interest in Macy's, Inc. But before we begin, many of our colleagues are listening in right now. And I want to acknowledge that this is a very tough time in our organization and a tough time for our week with the announcements that we made yesterday. We announced many organizational changes, campus closures and additional store closures. We're saying goodbye to many good colleagues and close friends. We are taking the organization through a significant restructural change to get costs down, bring our teams closer together and to reduce duplicative work. We're making deep cuts that impact every area of our business. Now these changes are painful, but they are necessary. And I know that we will come out of this transition stronger, more agile and better fit to compete in today's retail environment.

So today, we're going to share our Polaris strategy to improve Macy's, Inc. financial performance by stabilizing margins in 2020 and then growing our profit

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