Macys Lifts Full-Year Outlook as Luxury Banners Drive Strong First Quarter

Date:

Shoppers enter a Macy’s department store in Bay Shore, New York state, on Dec. 12, 2023. Ted Shaffrey/AP PhotoMacy’s has raised its full-year forecast after reporting a stronger-than-expected start to the year.The department-store chain said on June 3 that comparable sales—sales from established stores and online channels—rose 3 percent in the first quarter of fiscal year 2026, up from a 1.8 percent gain in the fourth quarter of 2025 and marking its best performance of such sales in about four years.

spot_imgspot_imgspot_img

Share post:

More like this
Related

The Pros and Cons of a Reverse Mortgage in Retirement

Before tapping your home equity with a reverse mortgage,...

Boeing Can Resume Issuing Airworthiness Certificates for All 737 MAX, 787 Jets: FAA

The Federal Aviation Administration (FAA) has determined that Boeing...

Armaguard Opposes Bill Preventing It From Cutting Unprofitable Regional Cash Routes

The company responsible for distributing cash to Australia’s bank...

Trump Establishes Tariff Break for Firms Building Americas Primary Aluminum Capacity

A 2015 Ford F-150 truck featuring a high-strength, military-grade,...