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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Total News Sources19
Leaning Left4Leaning Right0Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 44%
C 56%
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