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Macy's fourth quarter is mixed and its 2025 outlook is tempered by tariffs and leery shoppers

  • Macy's reported a 4.3% decline in sales to $7.7 billion, just below analyst expectations of $7.78 billion, citing external uncertainties as a factor.
  • The retailer forecasted net sales between $21 billion and $21.4 billion, which includes a $700 million impact from closing 64 stores in 2024.
  • CEO Tony Spring indicated that consumers might not feel relief soon, suggesting that tariffs could negatively impact spending and prices.
  • Comparable sales rose 0.2%, marking the best result in nearly three years, despite challenges from inflation and tariffs affecting consumer confidence.
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Quartz broke the news in United States on Thursday, March 6, 2025.
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