Macy's (M) Financial Report Summaries

Risks

• Our strategic plans and initiatives may not be successful, which could negatively affect our profitability and growth.
• We may not timely identify or effectively respond to consumer needs, expectations, or trends, which could adversely affect our relationship with customers, the demand for our products and services, and our market share.
• Our sales and operating results depend on our ability to manage our inventory, merchandise selection and protect against inventory shortage.
• Our ability to grow depends in part on our stores remaining relevant and attractive to customers.
• We may not be able to successfully execute our real estate strategy.
• Our revenues and cash requirements are affected by the seasonal nature of our business.
• We depend on our ability to attract, train, develop and retain quality colleagues.
• Increases in labor costs and the cost of employee benefits could impact our financial results and cash flow.
• If revenue from our private label and co-branded credit cards decline, our financial and operational results may be negatively impacted.
• Our defined benefit plan funding requirements or plan settlement expense could impact our financial results and cash flow.
• If our Company's reputation and brand image are not maintained at a high level, our operations and financial results may suffer.
• If we are unable to protect our intellectual property, our brands and business could be damaged.
• Unforeseen disruptions in our distribution and fulfillment centers could have an adverse impact on our business and operations.
• Failure of a key information technology system or process could adversely affect our business.
• Disruptions in our customer-facing technology systems could impair our digital retail strategy and give rise to negative customer experiences.
• A breach of our information technology systems could adversely affect our reputation, business partner and customer relationships and operations, and result in higher costs.
• Our private brand products subject us to certain increased risks, including regulatory, product liability, intellectual property, supplier relations and reputational risks.
• We depend on vendors and other sources of merchandise, goods and services outside the U.S. Our business has been and could in the future continue to be affected by disruptions in, or other legal, regulatory, political, economic or public health issues associated with, our supply network.
• Disruption of global sourcing activities and quality and other concerns over our own brands could negatively impact brand reputation and earnings.
• Material disruptions in relationships with third-parties with whom the Company does business could adversely affect its operations.
• The Company's business is subject to discretionary consumer spending, unfavorable economic and political conditions, and other related risks.
• Our business could be materially adversely affected by extreme weather conditions, natural disasters or regional or global health pandemics.
• Litigation, legislation, regulatory developments or non-compliance could adversely affect our business and results of operations.
• Climate change, or legal, regulatory, or market measures to address climate change, could adversely affect our business and results of operations.
• Inability to access capital markets could adversely affect our business or financial condition.
• Our level of indebtedness may adversely affect our ability to operate our business, remain in compliance with debt covenants, react to changes in our business or the industry in which we operate, or prevent us from making payments on our indebtedness.