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Macy's turnaround hinges on revamping some stores and closing others. It appears to be workingFor fiscal 2025, Macy’s is expecting adjusted earnings per share of $2.05 to $2.25 and sales of between $21 billion and $21.4 billion, lower than Wall Street expectations of $2.31 per share and ...
Macy's (M) Chairman and CEO Tony Spring took the helm of the nearly 100-year-old department store in February of this year. With Macy's facing falling sales, losing market share, and receiving ...
"We now expect to close roughly 65 locations this year," said Macy's CEO Tony Spring in the earnings call. "In line with our typical cadence, closures will occur post holiday." The retail giant ...
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The chain now intends to close 65 stores by the end of January 2025. In a Q3 earning call Thursday, Macy's CEO Tony Spring announced the company would close 15 more locations than its previous ...
But, until now, Macy’s had not publicized which stores were set to close. Macy’s CEO Tony Spring said in a press release that closing “any store is never easy,” but the locations chosen ...
Macy’s Chief Executive Tony Spring knows people think department stores are irrelevant. He’s going to keep trying anyway, albeit on a tight budget. “I challenge myself and I challenge our ...
While Macy’s CEO Tony Spring and CFO Adrian Mitchell “have a good understanding of the retail sector,” Mitarotonda told FOX Business that “the thinking has to change.” Barington Capital ...
Macy’s delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a turnaround of the business with yet another activist ...
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