Macy's posts another quarter of falling sales as it unveils strategy to get back to growth
Macy's(M) CNBC·2024-02-27 11:57
The Macy's logo is seen at its store in Herald Square in New York City on Jan. 19, 2024.In a news release, Spring described the strategy as "a strong call to action" and said it "challenges the status quo to create a more modern Macy's."Yet new CEO Tony Spring, who took the helm in February, laid out a brighter outlook for the following fiscal year and how Macy's plans to get there. Spring is the former CEO of Macy's higher-end department store Bloomingdale's.The retailer said it expects sales to remain sta ...