Ratio Analysis Of Macy's 2015

Macy’s has been a pinnacle of success; spanning over a century, delivering nearly 160 years of quality service. Founded in 1858 by R. H. Macy in New York City, New York; its humble beginnings began as a dry goods store – R.H. Macy & Company – in the cities North district (Hanson, 2015).

Unlike Starbucks, Macy’s is not doing very well, as evidenced by the fact they announced last month the impeding closure of 68 stores (Peterson, 2017). The company has been struggling for a few years with the growth of the internet and online businesses such as Amazon making their brick and mortar stores impractical in modern times. While the number of stores may not seem like as much of a problem as it is, as other companies have had to close down more in recent years or go out of business in general, this is a symptom of larger problems in both the company and the industry.

Nordstrom is one of the oldest retail companies in the United States. It started from 1901 in Seattle and has been grown to a powerful retailer in national area. Selling high quality products is the most important method for Nordstrom to collect its revenue. At the same time, Nordstrom also offers credits and debts to customers by his banks. In this case, we are trying to analysis Nordstrom’s financial statements and calculate few simple ratios to approach the performance of this company. The main point in our analysis is to figure out how Nordstrom is using its operating assets to get returning.

Macy's is one of the premier retailer franchises within the United States. To begin, Macy's Inc. is one of the nation's largest and well known department store chains. Started over 150 years ago, Macy's has continually generated excellent returns for its shareholders and employees. Currently, in the midst of a global recession, Macy's has generated huge profits with same store sales increasing 5.3% year to date. In 2012 same store sales increased 4.6% in the month of February alone (Macy's Inc., 2012). In fact, throughout the duration of 2012, Macy's is projecting even larger profits for its underlying business operations. Even though Macy's has experienced success with both its assortments and brand, its competitors haven't faired so well. Sears, due in part to part to a lackluster holiday season, has been forced to close nearly 120 locations to generate excess liquidity in an effort to shore up its balance sheet (Isadora, 2011).Other competitors who cater specifically to the middle class consumer have also lost significant amounts of market share as consumers trade down due to the economy. Macy's, with its ride array of assortments and products continues to grow as it attempts to capture market share from failing competitors. Macy's is also unique as it operates in a unique market

The stock I chose was Macy’s Inc., since during the month of July they were doing great and each stock was worth $24.20, highest it’s been for the past 3 months. While having to look at the changes on the stock for almost a month, I noticed that the price per stock was lowered each day after I chose to “buy” part of the stocks. The lows aren’t too low while the highs were always above 1%.

Macy’s is a mid-range chain of department stores owned by American corporation Macy's, Inc. It is one of two divisions owned by the company, with the other being Bloomingdale's. In the last 3 years, Macy’s has made many changes to their brand. By implementing discount outlets and changing coupon policy to closing 40 stores, Macys has been through a lot (Market Line, 2016). In 2013, Macy’s merged with LIDS Sports Group, and became an exclusive launch partner for Apple’s new iAd-supported radio service (Market Line, 2016). Essentially, listeners will be able to stream iTunes radio rather than buying it, but the service is supported by ads prominently Macy’s ads. This was a huge step in advertising for Macy’s which delivered in

Based on your review of the financial statements, suggest a key insight about the financial health of the company. Speculate on the likely reaction to the financial statements from various stakeholder groups (employee, investors, shareholders). Provide support for your rationale.

Now determine the WHY behind their performance. For example if profitability is declining or profits are negative, try to identify why. Look for evidence in the common-size statements that you prepared as well as industry information in the case. The purpose is to link strategic analysis with financial analysis to gain an understanding of why the company is performing the way it is.

The annual report and 10-K filings were obtained from macys.com. The financial statements included in the annual report are as follows: consolidated statements of operations, consolidated balance sheets, consolidated statements of changes in shareholders’ equity, consolidated statement of cash flows, and notes to consolidated financial statements. In the report, Macy’s Inc. recognizes several competitors which are Bed Bath & Beyond, Belk, Bon Ton, Burlington Coat Factory, Dillard’s, Gap, J.C. Penney, Kohl’s, Limited, Lord & Taylor, Neiman Marcus, Nordstrom, Saks, Sears, Target, TJ Maxx and Wal-Mart. The top three

Macy’s is a departmental store which is owned by Macy’s, Inc. Macy’s is consistently ranked in top 5 positions amongst the departmental store's category. In 2015, Macy’s was the largest departmental store in terms of retail sales (Schulz, 2015). Macy’s flagship store at Herald Square, New York is one of the largest stores in the world (Malcolm, 2014). However, Macy’s performance has worsened in the last few years. In fact, due to poor holiday season sales, Macy’s is planning to close about 100 of its stores (Brownfield, 2017). Thus, I chose Macy’s as a retailer of my choice to look into details of its financial condition and outlook. During my research, I came across multiple articles on yahoo’s finance website. I chose an article from marketrealist.com

Macy is one of the nation’s largest Omni channel retailers that just started off as a fancy dry goods store at the corner of 14th street and 6th Avenue in New York City in 1858. First-day sales totaled $11.06 but by the end of the first full year, sales grossed approximately $85,000. By 1918, R.H. Macy & Co. was generating $36 million in annual sales. In 1922 it began to open regional stores and take over competing retailers. On December 19, 1994 Federated Department Stores, Inc, which is now known as Macy’s Inc. acquired R.H. Macy & Co. Shortly after in 2000 Macy’s opened its first store outside of the continental United States in Puerto Rico. In June 2001, Federated purchased the Liberty House operations in Hawaii and Guam, bringing the proud Macy’s tradition and heritage to the Pacific. On February 28, 2005, Federated agreed to terms of a deal to acquire The May Department Store for $11 billion in stock, creating the nation 's second largest department store chain with $30 in annual sales and more than 1,000 stores. On July 28, 2005, Federated announced, based on the success of converting its own regional brands to the Macy 's name, its plans to similarly convert 330 regional department stores owned by the May Company. This is how Macy’s received its name which is recognized all over the U.S. Macy’s now serves customers through approximately 775 stores in virtually every major geographic market in the United States, as well as the macys.com

Macy’s Inc. is a retail store with over 870 stores in as many as 45 states across the United States. It provides women’s apparel, men’s apparel, cosmetics, and home/houseware products. In any business or organization, scheduling for employees is a crucial element of the business. Scheduling affects the overall success of the business, employees, and clients or customers of the organization. Proper scheduling contributes to the flow and organization of the business. Well planned scheduling ensures that important tasks are done efficiently and in a timely manner.

* 1923. May Company acquire a department store company in Los Angeles, adding to its growing regional coverage in Akron and Cleveland, OH, and St. Louis.

Sharon, thank you for writing a thoughtful post regarding the retail giant, Macy’s, giving us an accurate evaluation as you compared past and current performance, based on the information provided by Standard and Poor’s. Likewise, the opinion given by this writer is shared, and when one looks to invest, one should consider the ability for the organization to make a profit, and the ability for an organization to pay its debts, as one evaluates the organizations liquidity, solvency, profitability and market ratios (Manea, 2017). Macy’s has demonstrated declining revenue in last 3 years, and less than stellar ratios when comparing the ability to pay short term obligations, high long-term solvency ratios, decreasing earning per share, and diminishing

From 2011 to 2012, the Z- Score of Abercrombie & Fitch Corp. increased from 3.29 to 4.27, this increase is mainly contributed to the increase of ME/TL ratio (Market value of Equity/ Total Liability), which raised from 1.63 to 3.09. The ME/ TL ratio can indicate that A & F have more investment asset than financing asset. This ratio is important for the company’s owners and investors, as in some sense it shows market’s reaction to company’s financial position. The higher value of the ratio, the better it is for the company. The rise of this ratio is probably because of the earning rising in third quarter, 2012. Abercrombie & Fitch Co.'s ANF fiscal third-quarter earnings rose 40% as the teen apparel retailer posted stronger margins and stronger