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Narrative Analysis - Report

Key Focus

The company currently anticipates total costs related to Polaris of approximately $450 million to $490 million, the majority of which will be recorded in 2019

The company is implementing a new private brand sourcing strategy that is expected to reduce costs and improve speed.

No momentum supporting factor found

Challenge supporting factors

(company,performance)

(company,expand)

(company,earnings)

(strategy,growth)

Work-in-progress supporting factors

(company,strategy,brand)

(company,strategy,year-end)

(strategy,year-end)

(company,full-year)

(company,strategy,storewide)

Time Period	Challenge	Momentum	WIP
Report	8.11	0.00	91.90

High Level Abstraction (HLA) combined

High Level Abstraction (HLA)	Report
(1) (company,costs)	100.00
(2) (company,brands)	86.90
(3) (company,brand)	75.86
(4) (company,growth)	70.34
(5) (company,performance)	66.90
(6) (company,earnings)	55.86
(7) (company,retail)	51.72
(8) (company,strategy,brand)	46.21
(9) (company,strategy,year-end)	44.83
(10) (strategy,year-end)	43.45
(11) (company,full-year)	43.45
(12) (company,strategy,storewide)	42.76
(13) (company,strategy,staffing)	42.07
(14) (strategy,retail)	41.38
(15) (strategy,staffing)	40.69
(16) (company,expand)	40.69
(17) (company,strategy,savings)	40.00
(18) (strategy,savings)	38.62
(19) (company,strategy,rebranding)	37.93
(20) (company,strategy,private)	37.24
(21) (strategy,growth)	35.17
(22) (company,strategy,costs)	34.48
(23) (company,bluemercury)	33.79
(24) (growth,retail)	24.83
(25) (company,york--)	15.86
(26) (growth,york--)	15.17
(27) (strategy,york--)	10.34
(28) (strategy,three-year)	9.66
(29) (growth,streams)	8.97
(30) (strategy,streams)	8.28
(31) (strategy,springdale)	7.59
(32) (growth,revenue)	6.90
(33) (strategy,revenue)	6.21
(34) (strategy,relocates)	5.52
(35) (growth,touchpoints)	4.83
(36) (growth,three-year)	4.14
(37) (growth,shoppers)	3.45
(38) (growth,officer)	2.76
(39) (growth,jeff_gennette)	2.07
(40) (growth,expand)	1.38
(41) (growth,executive)	0.69

Supporting narratives:

Please refer to knowledge diagram for a complete set of supporting narratives.

challenge - Back to HLA

Macy's, Inc's off-price offerings, Backstage and Bloomingdale's The Outlet, have been a highlight of the company's performance. Macy's will continue to expand Macy's Backstage over the next three years.
High Level Abstractions:

(company,performance)
(company,expand)

challenge - Back to HLA

Macy's, Inc is scheduled to report fourth quarter sales and earnings on February 25, 2020. Additional detail on financial performance will be provided at that time. The company will webcast a call with financial analysts and investors that day at 8:00 a.m
High Level Abstractions:

(company,performance)

challenge - Back to HLA

Macy's, Inc is scheduled to report fourth quarter sales and earnings on February 25, 2020. Additional detail on financial performance will be provided at that time
High Level Abstractions:

(company,earnings)

challenge - Back to HLA

We are confident the strategy we are announcing today will allow us to stabilize margin in 2020 and set the foundation for sustainable, profitable growth.".
High Level Abstractions:

(strategy,growth)

WIP - Back to HLA

The company is implementing a new private brand sourcing strategy that is expected to reduce costs and improve speed.
High Level Abstractions:

(company,brand)
(company,costs)
(company,strategy,brand)
(company,strategy,costs)
(company,strategy,private)
Inferred entity relationships (5)
(company,costs,strategy) [inferred]
(company,strategy,year-end) [inferred]
(company,costs) [inferred]
(brand,company) [inferred]
(brand,company,strategy) [inferred]

WIP - Back to HLA

Beginning in 2020, the company expects the Polaris strategy to generate annual gross savings of approximately $1.5 billion, which will be fully realized by year-end 2022.
High Level Abstractions:

(company,strategy,year-end)
(strategy,year-end)
Inferred entity relationships (1)
(strategy,year-end) [inferred]

WIP - Back to HLA

In 2020, the company will be rebranding RAAS and incorporating it into the storewide category merchandising strategy.
High Level Abstractions:

(company,strategy,storewide)
(company,strategy,rebranding)

WIP - Back to HLA

Across the remaining store fleet, the company is adjusting its staffing with reductions in some stores and increases in others.. . The updated stores strategy better serves today's shopper who expects a consistent experience whenever and wherever they encounter the Macy's brand
High Level Abstractions:

(strategy,staffing)
(company,strategy,staffing)
Inferred entity relationships (1)
(staffing,strategy) [inferred]

WIP - Back to HLA

Financial Impact. . Beginning in 2020, the company expects the Polaris strategy to generate annual gross savings of approximately $1.5 billion, which will be fully realized by year-end 2022.
High Level Abstractions:

(strategy,savings)
(company,strategy,savings)
Inferred entity relationships (1)
(savings,strategy) [inferred]

WIP - Back to HLA

. The company currently anticipates total costs related to Polaris of approximately $450 million to $490 million, the majority of which will be recorded in 2019
High Level Abstractions:

(company,costs)
Inferred entity relationships (1)
(company,costs,strategy) [inferred]

WIP - Back to HLA

Approximately $270 million to $290 million of these costs will be cash.. . Preliminary Fourth Quarter and Full-Year 2019 Sales Results. . The company also reported preliminary sales results for its fourth quarter and full-year 2019 performance
High Level Abstractions:

(company,costs)
(company,full-year)
Inferred entity relationships (1)
(company,costs,strategy) [inferred]

WIP - Back to HLA

NEW YORK--(BUSINESS WIRE)-- Macy's, Inc (NYSE: M) today announced an updated strategy and three-year plan designed to stabilize profitability and position the company for growth.. . "We have a clear vision of where Macy's, Inc and our brands, Macy's, Bloomingdale's and Bluemercury, fit into retail today.
High Level Abstractions:

(company,brands)

WIP - Back to HLA

. Accelerate Digital Growth. . The company has a scaled and growing digital business across its brands that generates more than $6 billion per year in sales.
High Level Abstractions:

(company,brands)

WIP - Back to HLA

The company comprises three powerful retail brands, Macy's, Bloomingdale's and Bluemercury. Macy's, Inc is headquartered in New York, New York
High Level Abstractions:

(company,brands)
(company,retail)

WIP - Back to HLA

This will allow for better coordination and increased collaboration and better access to Macy's brand partners. The company will also expand its presence in the Atlanta area, which will serve as the primary technology hub for the company
High Level Abstractions:

(company,brand)
(company,expand)
Inferred entity relationships (1)
(brand,company,strategy) [inferred]

WIP - Back to HLA

"We have a clear vision of where Macy's, Inc and our brands, Macy's, Bloomingdale's and Bluemercury, fit into retail today.
High Level Abstractions:

(company,retail)
(company,bluemercury)
(growth,retail)

WIP - Back to HLA

NEW YORK--(BUSINESS WIRE)-- Macy's, Inc (NYSE: M) today announced an updated strategy and three-year plan designed to stabilize profitability and position the company for growth.. . "We have a clear vision of where Macy's, Inc and our brands, Macy's, Bloomingdale's and Bluemercury, fit into retail today
High Level Abstractions:

(company,growth)
(growth,three-year)

WIP - Back to HLA

Macys.com contributes to overall operating profit, and the company will continue to invest in its websites and mobile apps to deliver a superior fashion experience, accelerate growth and further strengthen profitability.
High Level Abstractions:

(company,growth)

WIP - Back to HLA

The company expects to invest some savings back into the business, with a focus on the Growth treatment, Backstage, off-mall expansion and continued improvements to the digital business, as well as technology investment focused on analytics and automation that will drive further productivity improvements
High Level Abstractions:

(company,growth)

WIP - Back to HLA

Additionally, the company anticipates its full-year 2019 earnings per share to be near the upper end of the previously guided range.
High Level Abstractions:

(company,full-year)
(company,earnings)

WIP - Back to HLA

Adjusted diluted earnings per share, excluding asset sale gains. $2.20 to $2.40. Three-Year Financial Plan. . The company is also providing approximate three-year financial targets:
High Level Abstractions:

(company,earnings)

WIP - Back to HLA

The company comprises three powerful retail brands, Macy's, Bloomingdale's and Bluemercury. Macy's, Inc is headquartered in New York, New York.
High Level Abstractions:

(company,bluemercury)

WIP - Back to HLA

NEW YORK--(BUSINESS WIRE)-- Macy's, Inc (NYSE: M) today announced an updated strategy and three-year plan designed to stabilize profitability and position the company for growth.
High Level Abstractions:

(company,york--)
(growth,york--)
(strategy,growth)

WIP - Back to HLA

"We have a clear vision of where Macy's, Inc and our brands, Macy's, Bloomingdale's and Bluemercury, fit into retail today. We are confident in our Polaris strategy, and we have the resources required to return Macy's, Inc to sustainable, profitable growth," said Jeff Gennette, chairman and chief executive officer of Macy's, Inc "We will focus our resources on the healthy parts of our business, directly address the unhealthy parts of the business and explore new revenue streams
High Level Abstractions:

(strategy,retail)

WIP - Back to HLA

I know we will come out of this transition stronger, more agile and better fit to compete in today's retail environment," continued Gennette.. . The five major components of the Polaris strategy are outlined below.
High Level Abstractions:

(strategy,retail)

WIP - Back to HLA

The company anticipates negative comparable sales in 2020 due to the trajectory of the business over the past six months, anticipation of continued challenges in mall-based retail and disruption from the implementation of the Polaris strategy. The company also anticipates net sales to decline due to store closures.
High Level Abstractions:

(strategy,retail)

WIP - Back to HLA

We are confident in our Polaris strategy, and we have the resources required to return Macy's, Inc to sustainable, profitable growth," said Jeff Gennette, chairman and chief executive officer of Macy's, Inc "We will focus our resources on the healthy parts of our business, directly address the unhealthy parts of the business and explore new revenue streams
High Level Abstractions:

(strategy,growth)
(growth,executive)
(growth,jeff_gennette)
(growth,officer)

WIP - Back to HLA

Establishes single corporate headquarters and relocates digital business to New York City, the heart of the fashion industry. NEW YORK--(BUSINESS WIRE)-- Macy's, Inc (NYSE: M) today announced an updated strategy and three-year plan designed to stabilize profitability and position the company for growth
High Level Abstractions:

(strategy,york--)
(strategy,relocates)

WIP - Back to HLA

Establishes single corporate headquarters and relocates digital business to New York City, the heart of the fashion industry. NEW YORK--(BUSINESS WIRE)-- Macy's, Inc (NYSE: M) today announced an updated strategy and three-year plan designed to stabilize profitability and position the company for growth.
High Level Abstractions:

(strategy,three-year)

WIP - Back to HLA

We are confident in our Polaris strategy, and we have the resources required to return Macy's, Inc to sustainable, profitable growth," said Jeff Gennette, chairman and chief executive officer of Macy's, Inc "We will focus our resources on the healthy parts of our business, directly address the unhealthy parts of the business and explore new revenue streams.
High Level Abstractions:

(strategy,streams)
(strategy,revenue)
(growth,streams)
(growth,revenue)

WIP - Back to HLA

The company is increasing colleague populations in its Mason, OH location and its Progress Place facility in Springdale, OH.. . Financial Impact. . Beginning in 2020, the company expects the Polaris strategy to generate annual gross savings of approximately $1.5 billion, which will be fully realized by year-end 2022
High Level Abstractions:

(strategy,springdale)

WIP - Back to HLA

"The more convenient, brand-right touchpoints we have, the greater loyalty and engagement we engender. This will enable us to grow with the next generation of American shoppers."
High Level Abstractions:

(growth,touchpoints)

WIP - Back to HLA

"The more convenient, brand-right touchpoints we have, the greater loyalty and engagement we engender. This will enable us to grow with the next generation of American shoppers.". . Growth Treatment. . Macy's will expand its Growth treatment to the remaining store portfolio, including upgrading an additional 100 stores in 2020
High Level Abstractions:

(growth,shoppers)

WIP - Back to HLA

This will enable us to grow with the next generation of American shoppers.". . Growth Treatment. . Macy's will expand its Growth treatment to the remaining store portfolio, including upgrading an additional 100 stores in 2020
High Level Abstractions:

(growth,expand)

Semantics Relevance

Macy's, Inc Announces Three-Year Polaris Strategy to Stabilize Profitability ...