Company profile

Future of Macy’s

#
Rank
825
| Quantumrun Global 1000

Macy's, formerly known as R. H. Macy & Co., is a department store owned by Macy's, Inc. The department store is one of two divisions owned by the company, with the other being Bloomingdale's. As of July 2016, the Macy's division conducts business activities in the continental United States, Puerto Rico, Guam, and Hawaii, including the Herald Square flagship location in Midtown Manhattan, New York City.

Home Country:
Sector:
Industry:
General Merchandisers
Website:
Founded:
1858
Global employee count:
148300
Domestic employee count:
Number of domestic locations:
821

Financial Health

3y average revenue:
$27592000000 USD
3y average expenses:
$8305500000 USD
Funds in reserve:
$1109000000 USD

Asset Performance

  1. Product/Service/Dept. name
    Women's accessories, intimate apparel, shoes and cosmetics
    Product/Service revenue
    10290000000
  2. Product/Service/Dept. name
    Women's apparel
    Product/Service revenue
    6228170000
  3. Product/Service/Dept. name
    Men's and children's
    Product/Service revenue
    6228170000

Innovation assets and Pipeline

Global brand rank:
239
Total patents held:
1

All company data collected from its 2015 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the retail sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, omnichannel is inevitable. Brick and mortar will merge completely by the mid-2020s to a point where a retailer’s physical and digital properties will complement each other’s sales.

*Pure e-commerce is dying. Starting with the clicks-to-bricks trend that emerged in the early 2010s, pure e-commerce retailers will find that they need to invest in physical locations to grow their revenue and market share within their respective niches.

*Physical retail is the future of branding. Future shoppers are looking to shop at physical retail stores that offer memorable, shareable, and easy to use (tech-enabled) shopping experiences.

*The marginal cost of producing physical goods will reach near zero by the late-2030s due to significant oncoming advancements in energy production, logistics, and automation. As a result, retailers will no longer be able to effectively outcompete each other on price alone. They will have to re-focus on brand—to sell ideas, more so than just products. This is because in this brave new world where anyone can practically buy anything, it’s no longer ownership that will separate the rich from the poor, it’s access. Access to exclusive brands and experiences. Access will become the new wealth of the future by the late 2030s.

*By the late 2030s, once physical goods become plentiful and cheap enough, they will be viewed more as a service than a luxury. And like music and film/television, all retail will become subscription based businesses.

*RFID tags, a technology used to track physical goods remotely (and a technology that retailers have used since the 80s), will finally lose their cost and technology limitations. As a result, retailers will begin placing RFID tags on every individual item they have in stock, regardless of price. This is crucial because RFID tech, when coupled with the Internet of Things (IoT), is an enabling technology, enabling the enhanced inventory awareness that will result in a range of new retail technologies.

COMPANY’S FUTURE PROSPECTS

Company Headlines