Reported 2 days ago
Macy's reported better-than-expected earnings and revenue for the first quarter, but has lowered its full-year profit outlook due to tariff pressures and a cautious consumer environment. Analyst David Swartz notes that while Macy's is focusing on successful stores as part of its turnaround plan, the company still faces significant challenges in adapting to the changing retail landscape. Despite these issues, Macy's has valuable e-commerce operations and a loyal customer base, indicating potential for survival and profitability in a downsized form.
Source: YAHOO