Macy's expects sales to fall this year, even as store revamp shows progress

Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Key Points Macy's beat Wall Street's fourth-quarter expectations, but gave a cautious outlook for the year ahead. The company said its plan to refresh many of its namesake stores while closing others is showing signs of progress. CEO Tony Spring said several factors, including gas prices and changes to tariff policy, could affect consumers in the coming months. In this article M Follow your favorite stocks CREATE FREE ACCOUNT A person exits the Macys Flagship store in New York City on January 14, 2025. Macy's declined 2.4% to $4.7 billion during the third quarter of their Overall sales which ended Nov. 2, 2024, giving as result that 66 of the approximately 150 locations of the company will close by 2026, Closing any store is never easy, but as part of our Bold New Chapter strategy, says chairman and chief executive officer of Macys, Inc. Tony Spring. (Photo by Edua