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Macy's shares surge 18% as chain hikes profit, sales forecasts despite tariff costs
New York Post· 2025-09-04 03:32
Macy’s shares surged 18% as the department chain signaled its turnaround plan is starting to pay off after years of dismal sales.The company on Wednesday reported quarterly sales growth for the first time in three years, excluding newly opened or closed locations.“We are seeing some green shoots,” Macy’s CEO Tony Spring, who took the helm last year after running Bloomingdale’s, told the Wall Street Journal. 3 Macy’s CEO Tony Spring announced a turnaround plan last February. Getty Images for Fragrance Fou ...