

OEXN: Macy’s Stock Surges on 3-Year High Sales, Eyes Further Store Closures

Macy's (M) stock jumped roughly 20% Wednesday as its turnaround efforts drove same-store sales into positive territory for the first time in three years. In Q2, same-store sales rose 1.9%, its largest increase since early 2022. At 125 stores where Macy’s invested in merchandise and service, sales grew 1.4%. CEO Tony Spring, who took over in February 2024, said, “This is the beginning of momentum.” The company raised its full-year revenue and earnings outlook while narrowing same-store sales growth to 0.5%–1.5%. Macy’s plans to close 66 unprofitable stores this year and 150 over the next three years; total stores now number 449, down from 506 last year. Spring emphasized the importance of maintaining a “relevant portfolio” of stores. Analyst Dana Telsey noted that while store optimization may improve long-term profitability, near-term growth remains uncertain due to macro pressures, tariffs, and competition. Despite the recent rally, Macy’s stock is still down over 6% this year. Spring said customers are responding well to reimagined locations and described Macy’s as a form of “retail therapy,” providing an escape amid economic uncertainty.

Learn more

Publication date:

2025-09-05 11:00:47 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.