Annual report pursuant to Section 13 and 15(d)

Revenue (Tables)

v3.24.1
Revenue (Tables)
 12 Months Ended
Feb. 03, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Sales From Merchandise Category
Net sales by family of business 2023 2022 2021
(millions)
Women’s Accessories, Shoes, Cosmetics and Fragrances $ 9,520  $ 9,597  $ 9,385 
Women’s Apparel 4,861  5,349  5,174 
Men’s and Kids’ 4,918  5,297  5,247 
Home/Other (a) 3,793  4,199  4,654 
Total Net Sales 23,092  24,442  24,460 
Credit card revenues, net 619  863  832 
Macy's Media Network revenue, net (b) 155  144  107 
Other Revenue 774  1,007  939 
Total Revenue $ 23,866  $ 25,449  $ 25,399 
(a)Other primarily includes restaurant sales, allowance for merchandise returns adjustments and breakage income from unredeemed gift cards.
(b)Macy's Media Network ("MMN") is an in-house media platform supporting both Macy's and Bloomingdale's customers through a broad variety of advertising formats running both on owned and operated platforms as well as offsite.
Schedule of Changes in the Liability for Unredeemed Gift Cards and Customer Loyalty Program Changes in the liability for unredeemed gift cards and customer loyalty programs are as follows:
2023 2022 2021
(millions)
Balance, beginning of year $ 399  $ 481  $ 616 
Liabilities issued but not redeemed (a) 326  324  394 
Revenue recognized from beginning liability (341) (406) (529)
Balance, end of year $ 384  $ 399  $ 481 
(a)Net of estimated breakage income.