Macy's Inc

Macy's: Amid Global Uncertainties, a Special Situation in an Out of Favor Sector

Equity Bottom-Up
347 Views, 13 May 2022 20:52
EXECUTIVE SUMMARY
  • Amid ghost malls of closed stores across the US, this reimagined middle class retail legacy operator has transformed itself and become a special situation buy at its price.
  • With 794 stores  in all major cities, Macy's can move smartly up as global pandemic pressures begin to ease and bearish macro events like the Ukraine war find resolution.
  • Current market cap does not reflect impressive transformation of its business model management has put in place that shows in FY 2021 and promises better in 2022.
detail (6-minute read)
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Howard J Klein
Global Gaming and Casinos Industry Specialist
Casino Business Review LLC
Consumer DiscretionaryThematic (Sector/Industry)Equity Bottom-Up

I am a 25+ year c-level executive of the casino industry in operations, marketing, international development and strateg... 

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