Contrarius Investment Management’s Buying Pattern For Macy’s

Wikipedia: “Macy’s (originally R. H. Macy & Co., Stylized as macy’s) is an American department store chain founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994 (later renamed as Macy’s, Inc. in 2007), as a Bloomingdale’s department store chain affiliate. As of 2015, Macy’s was the largest U.S. department store company by retail sales. As of February 2019, there were 584 full-line stores with the Macy’s nameplate in operation throughout the United States, Puerto Rico, and Guam. Macy’s Herald Square, at Herald Square in the Manhattan borough of New York City, acts as the company’s flagship store. The company had 130,000 employees and earned annual revenue of $24.8 billion as of 2017”.

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