M · 10-K filed 27 Mar 2026 · year to 31 Jan 2026

Macy's

20 named things its latest annual report says its results depend on, each in the company's own words. 14 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Partners and platforms

Citibank, N.A.

earns from · $669 million, or approximately 3.1% of net salesnamed as a risk

Credit card revenues, net were $669 million, or approximately 3.1% of net sales, for 2025.Risk factors (Item 1A)

Also named by APG, DDS, LGND, XYL

Toys "R" Us

In 2022, we introduced permanent Toys “R” Us shops within all Macy's locations.Risk factors (Item 1A)

Other companies

Fourth quarter holiday season

concentrated innamed as a risk

A disproportionate amount of our revenues is realized in the fourth quarter due to this seasonality.Risk factors (Item 1A)

Also named by FIVE, PPLI

Shopping malls

operates innamed as a risk

Changes in consumer shopping habits, continued decline in mall shopping environments, financial difficulties at other anchor tenants, significant mall vacancy issues, mall violence and new on- and off-mall developments could each adversely impact the traffic at current retail locations and lead to a decline in our financial condition or performance.Risk factors (Item 1A)

Also named by DDS, DKS

Places

China

depends onnamed as a risk

These geopolitical, trade and investment tensions have created additional uncertainty and increased risk in doing business in China, including potential supply disruptions and higher costs of our products sourced or imported from China.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Asia

depends onnamed as a risk

We source the majority of our merchandise from manufacturers located outside the U.S., primarily Asia.Risk factors (Item 1A)

Also named by AAPL, AYI, CART, CB, CDW, CHD, CLS, COHR and 31 more

Vietnam

depends onnamed as a risk

We source certain of our private label products from factories in China, Vietnam, India, Indonesia, Jordan and other countries.Risk factors (Item 1A)

Also named by AAPL, AMKR, ANET, ASO, BBW, CGNX, CIEN, CROX and 16 more

U.S. West Coast ports

depends onnamed as a risk

Most of the Company's goods imported to the U.S. arrive from Asia through ports located on the U.S. west coast and are subject to potential disruption due to labor unrest or shortages, security issues or natural disasters affecting any or all of these ports.Risk factors (Item 1A)

Also named by HAS, UNP

Xinjiang

subject tonamed as a risk

Since 2017, the U.S. and China have been engaged in a trade dispute that has involved a number of actions against China including the imposition of tariffs on Chinese imports; sanctions on Chinese military-industrial complex companies; stricter reviews of direct investments in the U.S. by Chinese companies; and detention by U.S. Customs of products made in Xinjiang involving alleged human rights violations, which have or may prompt countersanctions or other retaliatory actions from the Chinese government.Risk factors (Item 1A)

China Grove fulfillment center

operates in

Simplify and modernize end-to-end operations: opened new state-of-the-art fulfillment and store replenishment center, China Grove, helping to modernize our supply chain and providing the opportunity to increase accuracy and timeliness of deliveries, reduce delivery costs, invest in growth ambitions and simplify our business model.Risk factors (Item 1A)

Dubai, United Arab Emirates

earns from

In addition, Bloomingdale’s maintains a global presence through its licensed partnerships in Dubai, United Arab Emirates and Al Zahra, Kuwait.Business (Item 1)

Hazards

Hurricanes

operates innamed as a risk

The Texas ice storms and coastal hurricanes are both acute physical risk events that have affected Macy’s, Inc. in the past and serve as proxies for other potential acute risks.Risk factors (Item 1A)

Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more

Texas ice storms

operates innamed as a risk

Commodities and inputs

Trans-Pacific ocean shipping

exposed to its pricenamed as a risk

We have also experienced increases in shipping rates from Trans-Pacific ocean carriers due to increases in spot market rates and shortage of shipping capacity from China and other parts of Asia and increases in trucking costs due to truck driver shortages and fuel costs.Risk factors (Item 1A)

Regulators

Consumer Financial Protection Bureau

subject to · $8 from the current level of up to $41named as a risk

In March 2024, the Consumer Financial Protection Bureau finalized a rule to amend Regulation Z to lower the safe harbor dollar amount credit card companies can charge for late fees to $8 from the current level of up to $41 for a missed payment.Risk factors (Item 1A)

Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more

Federal Trade Commission

subject tonamed as a risk

The Federal Trade Commission and many state attorneys general are interpreting federal and state consumer protection laws to impose standards for the online collection, use, dissemination and security of data.Risk factors (Item 1A)

Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more

Laws and programs

U.S. tariffs on imported goods

subject to · 150-day 10% tariffnamed as a risk

The prior tariffs have had, and the new tariffs are expected to have a negative impact on our gross margin and could lead to selective price increases across our product categories.Risk factors (Item 1A)

Also named by AMGN, CHRW, LITE, TEX, UNFI, VSH

Inflation Reduction Act

subject tonamed as a risk

The Inflation Reduction Act, enacted on August 16, 2022, includes a number of provisions that may impact the Company, including a corporate alternative minimum tax on certain large corporations, incentives to address climate change mitigation and other non-income tax provisions, including an excise tax on the repurchase of our stock.Risk factors (Item 1A)

Also named by AEE, AMGN, ARWR, BIIB, BKNG, BMY, CAH, CI and 26 more

California SB-253 and SB-261

subject tonamed as a risk

This cost burden could also include potential penalties for noncompliance resulting from enforcement of regulatory requirements such as the SEC final climate disclosure rules (voluntarily stayed pending completion of judicial review of consolidated challenges to the rules by the Court of Appeals for the Eighth Circuit) and the new California climate laws, SB-253 (reporting of Scopes 1, 2 and 3 greenhouse gas emissions) and SB-261 (climate-related risk report).Risk factors (Item 1A)

Also named by ARE, CHE, CVLG, EWBC, HTLD, WDFC, WTS

Credit Card Act of 2009

subject tonamed as a risk

We are subject to various federal, state and local laws, rules, regulations, inquiries and initiatives in connection with both our core business operations and our credit card and other ancillary operations (including the Credit Card Act of 2009).Risk factors (Item 1A)

Also named by SYF