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Macy's has figured out the formula to survive the retail apocalypse

3 monthes ago   |   By Business Insider

Reuters/Natalie Behring
Macy's first-quarter results beat expectations and showed a second consecutive quarter of positive comparable sales, proving to investors that customers are coming into its stores again.
The department store is focusing on improving the in-store experience rather than using continuous promotions to try and lure customers.
Macy's success shows customers still value brick-and-mortar stores.
Watch Macy's trade in real-time here.
Macy's has figured out the formula to survive the retail apocalypse.
The retailer's first-quarter results showed a second straight quarter of...
Read more ...

 

Americans are feeling good about shopping, and Macy's survival might depend on it

Americans are feeling good about shopping, and Macy's survival might depend on it

3 monthes ago   |   By Business Insider

Reuters/Olivia Harris
Macy's share price soared after the company reported better-than-expected earnings on Wednesday.
Same-store sales rose 4.2% during the first quarter of 2018.
But analysts are skeptical as to how much this success can be contributed to Macy's new strategies and improvements rather than an industry-wide improvement in consumer spending.
Macy's stock price surged Wednesday on news of its strong quarterly results.
"Spirits are up," Karen Hoguet, Macy's longtime CFO, who announced her retirement last month, said in a call with investors shortly after the results were...
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