Macy's(US:M) Bloomberg Televisionยท2025-09-03 14:57Company Performance & Strategy - Macy's CEO states the company caters to both high-end and lower-end consumers, potentially a key strength [1][9] - The company's turnaround, led by CEO since February 2024, is showing signs of progress, boosting investor confidence [2] - Macy's is revamping stores to improve the shopping experience, focusing on aesthetics and experiential elements [3] - Comp sales growth surprised positively at 1.9% excluding closed businesses, indicating a slowing decline [4] Challenges & Mitigation - Tariffs are impacting margins by an estimated 40 to 60 basis points [6] - Macy's is negotiating with suppliers and leveraging private label brands to mitigate tariff costs [6][7] - The company reduced expenses and inventory, improving product mix, particularly in women's apparel [7] Consumer Behavior - Consumers are becoming more selective and "surgical" in their spending choices [8] - Macy's aims to offer products for a wide range of consumers, addressing the evolving identity of department stores [9] Market Reaction - Macy's shares experienced a 20% increase, suggesting positive investor sentiment [10]