Macy’s Beat Earnings Estimates with Progress in Turnaround Plan
Tuesday, 21 May 2024, 10:59
Macy’s Earnings Exceed Expectations
Macy's outperformed earnings estimates as the company progresses with its turnaround strategy.
Store Closures and Openings
- Closing: Approximately 150 Macy's locations
- Opening: New Bloomingdale's and Bluemercury stores
The strategic restructuring is aimed at revitalizing Macy’s business model and enhancing its market presence.
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