US' Macy's forecasts Q4 2024 sales near or below $7.8-$8.0 bn range

The company with its ‘go-forward’ stores, which include the top 50 Macy’s locations and luxury brands Bloomingdale’s and Bluemercury, all saw sales growth. Additionally, Macy’s online sales also increased. However, other Macy’s stores, including locations not part of the ‘go-forward’ strategy, performed worse than expected, resulting in overall flat sales, Macy’s said in a press release.

“Our bold new chapter strategy continues to gain traction, putting us on track to achieve our second quarter of sequential comparable sales improvement,” said Tony Spring, chairman and chief executive officer (CEO) at Macy’s, Inc. “Reflecting ongoing positive response to Macy’s first 50 locations, we are excited to expand initiatives to an additional 75 Macy’s locations in fiscal 2025. We are well-positioned to build momentum with a stronger Macy’s store fleet and our teams focused on the successful execution of the three pillars of our bold new chapter strategy.”

ALCHEMPro News Desk (SG)