Macy filed its latest 10-K filings for 2018 on 4/3/2019. Below is a quick recap on things we felt important to review.
Business Analysis Recap
- Top things to be aware - Private label and trademarks impacts, competition, executive changes
- The agreements for American Rag, Greg Norman, Material Girl, and Thalia Sodi will expire at the end of the year.
- Paula A. Price assumed the role of CFO since July 2018. Jeff Gennette is now Chairman of the board. The retirement of Karen M. Hoguet, who is the prior CFO at Macy.
Business Risk Factors Recap
- Macy highlighted changes in consumer shopping preferences and possible economic impacts on consumer discretionary spending as things that could negatively impact their business. It attributed these to psychological and economic effects which we felt could be an early indication of further deterioration of their business.
- Macy further highlighted competition from e-business and its dependence on brick and mortar stores to remain relevant.
- Macy added verbiage in its most recent 10-K that inventory may require to be sold at a significant discount and they may not be able to seel the inventory at all.
- An increase in data security coverage and supply chain and third parties risk coverage.
Submitted April 05, 2019 at 06:14AM by liangchen1992b http://bit.ly/2OSSVQJ
