Macy's Q1 Turnaround Takes Shape as Consumers Shift
MMacy's(M) marketbeat.com·2024-05-22 20:17

Key PointsMacy's Q1 2024 earnings show a mixed performance, with declining sales overall but notable growth in its luxury brands.The company's "Bold New Chapter" turnaround plan focuses on closing underperforming stores, investing in remaining locations, and expanding its digital presence.Macy's faces the challenge of maintaining momentum in a climate of persistent inflation and potential economic slowdown, requiring a continued focus on strategic execution and adaptability. 5 stocks we like better than Mac ...