Bloomingdale’s takes share from Saks Global, lifts Macy’s Inc. in Q4

Group 1 - Macy's Inc. is experiencing growth in its rehabilitation efforts, with revamped stores showing positive results in seven out of eight quarters [3] - The company has initiated improvements in another 75 Macy's stores, focusing on increased staffing, more brand offerings, and enhanced in-store execution [3] - Bloomingdale's, the higher-end department store under Macy's Inc., has outperformed expectations, taking market share from competitors like Saks Fifth Avenue and Neiman Marcus, which are currently facing bankruptcy [4][5] Group 2 - Bloomingdale's recorded its best holiday performance on record, with net sales rising 8.5% and comparable sales surging 10% in Q4 [6][7] - Macy's Inc. reported a net sales decline of 1.6% year over year to $7.6 billion, but comparable sales increased by 1.8% [7] - The company's gross margin contracted by 50 basis points to 35.2%, impacted by tariffs that accounted for a 60 basis point reduction [6]