Reported 1 day ago
Macy's saw its stock price jump over 20% after reporting quarterly earnings that exceeded expectations, with revenue hitting $4.8 billion. Notably, the retailer's same-store sales rose by 0.8%—its first increase in three years—signaling a potential turnaround as the company focuses on enhancing customer experience and overcoming previous financial struggles, despite looming challenges in the retail sector.
Source: YAHOO