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This statistic highlights Macy’s Revenue by Product Category, split between Men’s and Children’s, Women’s Accessories, Intimate Apparel, Shoes, Cosmetics & Fragrances, Women’s Apparel, and Home/ other, reported annually from 2013 onwards.
|Category||2020||2019||YoY Growth||Revenue share in 2020|
|Men’s and Children’s||$3.5||$5.6||-38%||20%|
|Women’s Accessories, Intimate Apparel, Shoes, Cosmetics, and Fragrances||$7.2||$9.5||-24%||42%|
(All figures in billions, except percentages)
The Company has been running department stores since 1830. The Company operates through 727 stores located in 43 states, Guam, the District of Columbia, and Puerto Rico. The Outlet. Most of its stores are located in urban or suburban cities which are densely populated. It offers a wide range of merchandise like apparel and accessories of men’s, women’s as well as kids, home furnishings, cosmetics, and other consumer goods. The article gives the bifurcation of revenue based on the product category.
Men’s and Children’s
In the men’s segment, Macy offers products that include all types of clothing including Activewear, blazers, sports coats, jackets, hoodies, jeans, pajamas, pants, swimwear, tuxedos, etc. It also sells shoes, accessories like hats, bags, belts, watches, as well as grooming and skincare products. Whereas the kid’s section sells clothing and shoes for both girls and boys which are further categorized based on age group. Some of the top brands under the men’s and kid’s sections are Armani, Aladdin, Adidas, Buffalo David Bitton, Calvin Klein, Levi’s, Nike, Polo Ralph Lauren, Tommy Hilfiger, Timberland, Trimfit, Marvel, etc. In the fiscal year 2020, Macy’s revenue from this category was $3.5 billion which accounted for 20% of the total revenue of the company. However, revenue from this category has decreased by 38% year-over-year from $5.6 billion in the fiscal year 2019.
Women’s Accessories, Intimate Apparel, Shoes, Cosmetics & Fragrances
Under this segment, Macy sells accessories like pieces of jewelry, watches, diamonds, pearls, handbags, wedding and engagement rings, sunglasses, eyeglasses, face products, hair products, shoes, perfumes, cosmetics, etc. Some of the top brands in this category are Calvin Klein, Coach Fossil, DKNY, Lauren Ralph Lauren, citizen, Gucci, Swarovski, Movado, etc. In the fiscal year 2020, Macy’s revenue from this category was $7.2 billion which accounted for 42% of the total revenue of the company. However, revenue from this category has decreased by 24% year-over-year from $9.5 billion in the fiscal year 2019.
Under women’s apparel, Macy sells different kinds of clothing like activewear, cashmere, coats, dresses, hoodies, jeans, jackets, blazers, loungewear, nightwear, swimwear, etc which are further categorized based on the sizes and price. Some of the top brands in this segment are Alfani, Free People, INC International Concepts, Levi’s, MICHAEL Michael Kors, Designer, etc. In the fiscal year 2020, Macy’s revenue from this category was $2.9 billion which accounted for 17% of the total revenue of the company. However, revenue from this category has decreased by 46% year-over-year from $5.4 billion in the fiscal year 2019.
Items under this category include items related to bedding, bath, furniture, home decor, kitchen items, luggage products, and dining products. Some of the top brands in this section are All-Clad, Calphalon, Charter Club, Fiesta, Hotel Collection, Kate Spade, Martha Stewart, Samsonite, Hotel Collection Lauren Ralph Lauren, etc. In the fiscal year 2020, Macy’s revenue from this category was $3.8 billion which accounted for 22% of the total revenue of the company. However, revenue from this category has decreased by 8% year-over-year from $4.1 billion in the fiscal year 2019.
During the Q1 and Q2 of 2020, the company witnessed significant reductions in demand for its retail products as customers were not able to purchase merchandise from stores due to quarantine and restrictions placed on the Company’s stores’ operations. The company did some recovery in Q3 and Q4 of 2020, yet store sales declined significantly compared to the same periods last year. Due to COVID-19, there have been changes in consumer demand which have impacted the traffic in stores which resulted in a loss of sales and profit.
Macy’s Inc. is an American-based company established in 1929 by Xavier Warren. Its headquarter is in New York, the United States. Macy’s Inc. completed its initial public offering in 2007 and its common stocks are traded on the New York Stock Exchange under the trading symbol “M”.
Macy’s, Inc. is a premier omnichannel fashion retailer. The company’s operations are conducted through Market by Macy’s, Macy’s, Macy’s Backstage, Bloomingdale’s, Bluemercury, and Bloomingdale’s It has Approximately 727 stores worldwide has approximately 90,000 employees. Some of its competitors are Ross Stores, Ascena Retail Group, Gap, Target, J. C. Penney, Kohl’s, and Nordstrom.
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