Industry Revenues:

• Clothing: 55%
• Accessories and Cosmetics: 20%
• Household Goods: 15%
• Other: 10%

TOP 3 Markets:

1. USA: 80%
2. Canada: 10%
3. Mexico: 5%

Macy's, Inc. generates the majority of its revenues from the clothing industry, accounting for approximately 55% of total revenue. Accessories and cosmetics as well as household goods also contribute significantly to the income.

Geographically, the US market is the dominant market for Macy's, followed by Canada and Mexico. Together, these markets account for 95% of the revenue, with the USA having the largest share at 80%.

Production Sites: Mainly in Asia, especially China, Vietnam, and Bangladesh (estimate based on 2023).

Macy's, Inc. sources the majority of its products from third-party suppliers based in Asia. These regions are known for their cost-effective production and well-developed textile industry.

The company collaborates with a variety of suppliers to source its fashion and home goods. This strategy enables Macy's to offer competitive prices while also responding to global fashion trends.

Revenue Growth: Estimated 3-5% annually (2025 forecast)
E-Commerce Growth: 10% annual growth (2025 forecast)

Macy's, Inc. is pursuing a multi-pronged growth strategy to position itself in a rapidly changing retail environment. A key element of this strategy is an increased focus on expanding its e-commerce business. Macy's is investing in enhancing its digital platforms and logistics to provide a seamless shopping experience and boost online sales.

Furthermore, Macy's is focusing on optimizing its physical retail spaces. This includes closing unprofitable stores and redesigning existing locations to make them more attractive and efficient. Another focus is on introducing new brands and exclusive product lines to strengthen customer loyalty and reach new target groups.

Macy's also plans to further develop its omnichannel strategy to serve customers optimally both online and offline. This includes integrating technologies like Click-and-Collect and improving supply chain efficiency.

Main raw materials: Textiles, leather, plastics

Main importing countries: China, Vietnam, India

Macy's, Inc. imports a variety of raw materials and materials needed for the production and sale of their products. Textiles are the most important raw material, as Macy's is a significant retailer in the clothing sector. These textiles are mainly imported from China, Vietnam, and India, as these countries have large production capacities and cost-effective labor.

In addition to textiles, Macy's also imports leather for shoes and accessories, as well as plastics for a variety of products, including household goods and accessories. The choice of importing countries is based on the availability of raw materials, production costs, and trade relationships.

Market share: 6% in US retail (2024, estimated)
E-commerce growth: 10% (2024)
Gross margin: 38% (2024)

Macy's, Inc. has a moderate competitive advantage in the retail sector. The company benefits from strong brand recognition and an established network of stores in the USA. The market share of approximately 6% in US retail indicates that Macy's plays a significant role but also faces strong competition.

The 10% growth in the e-commerce sector in 2024 shows that Macy's has successfully invested in digitalization to keep pace with online competitors like Amazon. The 38% gross margin suggests that Macy's is able to manage its costs effectively while still offering competitive prices.

Overall, Macy's has a certain competitive advantage through its strategic focus on omnichannel distribution and its adaptability to market changes, but it must continue to innovate to strengthen its position.

Institutional Investor Share: 74% (2025, estimated) Insider Buys/Sells: No significant changes (2024, estimated)

The institutional investor share in Macy's, Inc. is estimated to be around 74%. This indicates that a large portion of the shares are held by major financial institutions, suggesting a certain level of confidence in the company's stability and growth potential.

Regarding insider buys and sells, there were no significant changes in 2024, indicating that the management and other insiders did not make significant adjustments to their holdings. This could suggest that they are satisfied with the current company strategy and performance.

Market share of Macy's, Inc.: Estimate: 5% (2025)

Top competitors and their market shares:

1. Amazon - 40%
2. Walmart - 25%
3. Target - 10%
4. Costco - 8%
5. Macy's, Inc. - 5%
6. Kohl's - 4%
7. Nordstrom - 3%
8. Best Buy - 2%
9. TJX Companies - 2%
10. J.C. Penney - 1%

Moat of Macy's, Inc.:

Macy's, Inc. has a moderate moat, mainly based on its strong brand recognition and long-standing market presence. The company benefits from an established network of physical stores in prime locations and a loyal customer base.

However, compared to its competitors, Macy's moat is less pronounced. Amazon and Walmart have significant advantages due to their extensive online platforms and efficient supply chains. Target and Costco excel in offering a strong value proposition and a wide range of products.

Macy's could strengthen its moat by further expanding its omnichannel strategy and investing in innovative technologies to enhance the customer experience. Currently, competitors are better positioned in terms of economies of scale and technological innovations.

Revenue Growth: 3.5% (2024) Profit Growth: 4.2% (2024) Market Share in Retail: Stable at 6% (2024)

Macy's, Inc. recorded a moderate revenue growth of 3.5% in 2024, attributed to the successful implementation of their omnichannel strategy. This strategy has enabled the company to grow both in brick-and-mortar retail and online.

The 4.2% profit growth indicates that Macy's was able to effectively manage its operating costs and increase profitability. This is particularly noteworthy in a competitive retail environment.

The stable 6% market share in retail suggests that Macy's was able to maintain its position despite strong competition. This could be attributed to strong brand loyalty and effective marketing strategies.

Overall, Macy's demonstrates solid financial performance and a stable market position. These factors could make the stock an attractive investment, especially for investors interested in an established retailer with a proven growth strategy.

Dividend Yield: 4.5% (2025, estimated)
Dividend History: Regular payouts in recent years

Macy's, Inc. regularly pays dividends to its shareholders. The dividend yield is currently around 4.5%, which is considered attractive compared to other retail companies.

The reliability of Macy's dividend payments can be seen as stable, as the company has consistently paid dividends in recent years. However, the retail industry is volatile and can be influenced by economic fluctuations, which could potentially affect future dividend policy.

Investors should keep an eye on the company's financial health and general market conditions to better assess the sustainability of dividend payments.