Macy's Inc (NYSE:M)
$ 15.67 -0.78 (-4.74%) Market Cap: 4.35 Bil Enterprise Value: 9.71 Bil PE Ratio: 24.48 PB Ratio: 1.01 GF Score: 74/100

Macy's Inc at Morgan Stanley Global Consumer and Retail Conference Transcript

Dec 07, 2022 / 01:00PM GMT
Release Date Price: $22.96 (+1.91%)
Alexandra Ann Straton
Morgan Stanley, Research Division - Research Associate

Okay. Good morning, everybody. My name is Alex Straton, I'm the co-lead for branded apparel, footwear and softlines retail here at Morgan Stanley. I lead this sector alongside Kimberly Greenberger. We're super happy you guys joined us for the second day of the conference, and we're equally delighted to have Adrian Mitchell here with us from Macy's, the CFO.

So before I formally introduce Adrian, I'll just start with a brief overview of Macy's itself. So as many of you likely know, Macy's is the largest U.S. department store, generating about $24 billion in net sales last year across over 700 store locations. The company operates the Macy's and Bloomingdale's banners as well as the luxury beauty retailer Bluemercury.

So as I mentioned, we're joined by Adrian Mitchell, Macy's Chief Financial Officer, and he joined Macy's in November of 2020 bringing vast and varied consulting and retail experience, strategic perspective and an operational track record to Macy's leadership team. He previously served as Managing

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