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Retail department store chain Macy’s Inc (NYSE:M) stock has been weathering the bear market in retail stocks after posting stellar fiscal Q1 2022 earnings and raising guidance. The department store giant’s Polaris strategy has been successful as Macy’s saw 88% of its omnichannel markets saw growth in the quarter with nearly 44.4 million active Macy’s shoppers. Consumer shopping trends shifted away from the pandemic active/casual and more towards occasion-based apparel due to the reopening trends and COVID vaccinations leading to more in-person engagements. This resulted in strong sales in wome...
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Activists Confront Corporate HRC Sponsors After HRC’s Efforts to Undermine Parental Rights Provoke National Outrage Northrop Grumman To Reexamine The PartnershipQ1 2022 hedge fund letters, conferences and more "HRC has led the most prominent opposition to Florida's Parental Rights in Education bill, and corporations are funding these efforts with shareholders' money," FEP Associate Ethan Peck said after the meetings, where he asked each of the three CEOs: "Do you believe it's acceptable for teachers to discuss sex with young children? If not, will you end your sponsorship of HRC?" Peck's quest...
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Retail department store chain Macy’s (NYSE:M) stock is still running on all cylinders posting double digit revenue growth and exceeding the pre-pandemic levels of 2019. The Company has gone through a two-year digital transformation implementing its Polaris strategy to much success as its emerges from the pandemic as a better run operation that added 7.5 million new shoppers in Q4 2021 alone. The Company reinstated its dividend and is also implementing a $2 billion buyback program upon completion of its current $500 million buyback program. Despite supply chain and inflationary pressures, the i...
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