Trending Now - Macy's Anticipates Sales Dip Despite Positive Store Updates
WHO:
Tony Spring, CEO of Macy's, is entering his second year leading the company.
Macy's, Inc.
Tony Spring, CEO of Macy's
Analysts from FactSet and LSEG
WHAT:
Bloomingdale's achieved its highest holiday sales performance on record.
Macy's expects comparable sales to range from a 0.5% decline to a 0.5% increase for 2026.
Analysts expect Macy's adjusted earnings per share to be $2.20 for 2026.
Comparable sales for Bloomingdale's increased by 9.9% in the fourth quarter.
Comparable sales for Bluemercury grew by 1.3% in the fourth quarter.
Macy's has closed a little over 80 of its namesake stores and plans to reach approximately 150 closures by early 2027.
Macy's has now added 75 more "reimagined" stores, bringing the total to 200, which represents about 60% of the Macy's locations it plans to keep open.
Macy's reported a net income of $507 million, or $1.84 per share, for the three-month period ended January 31, 2026.
Comparable sales rose 1.8% for the fourth quarter.
Comparable sales for Macy's namesake banner grew 0.4%.
Bloomingdale's comparable sales rose 7.4% in the latest quarter.
Bluemercury's comparable sales rose 1.6%.
Macy's expects net sales to be between $21.4 billion and $21.65 billion for 2026.
Macy's projects earnings per share to be in the range of $1.90 to $2.10 for 2026.
Macy's adjusted earnings per share were $1.67 for the latest quarter.
Macy's net sales slipped to $7.64 billion from $7.68 billion in the year-ago period.
Macy's plans to close approximately 150 stores by early 2027.
Macy's has closed over 80 of its namesake stores so far.
WHERE:
Macy's flagship store in New York City
Locations of the 125 revamped Macy's stores
WHEN:
The three-month period ended January 31, 2026.
The fiscal year 2025 revenue totaled $21.8 billion.
The third quarter of fiscal year 2024 ended on November 2, 2024.
WHY:
The company is addressing criticisms regarding stale merchandise, staffing issues, and disorganized displays.
Macy's is undergoing a store revamp to improve customer experience and sales performance.
The company is responding to challenges in the retail sector, including tariffs and changing consumer spending habits.
HOW:
Macy's has increased staffing and improved visual displays in stores, allowing local leadership flexibility in employee placement to enhance customer experience.
Macy's has invested millions to modernize stores and improve customer service.
The company has implemented a "Bold New Chapter" strategy to strengthen its brand and operations.
Macy's has increased staffing and improved visual displays in stores.
(UPDATED March 18, 2026 15:22 UTC)
In a significant milestone, Tony Spring is entering his second year as CEO of Macy's, which has recently reported that Bloomingdale's achieved its highest holiday sales performance on record, with comparable sales increasing by 9.9% in the fourth quarter. Macy's is expecting comparable sales for 2026 to range from a slight decline to a modest increase, while analysts project adjusted earnings per share to be $2.20 for the year. To address past criticisms, Macy's has closed over 80 of its namesake stores and plans to reach about 150 closures by early 2027, but has also added 75 "reimagined" stores, bringing the total to 200, and is enhancing the customer experience through increased staffing and improved visual displays.
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(UPDATED March 18, 2026 13:29 UTC)
Macy's has reported a net income of $507 million, or $1.84 per share, for the three-month period that ended January 31, 2026, with comparable sales rising 1.8% for the fourth quarter. The company expects net sales to be between $21.4 billion and $21.65 billion for 2026 and plans to close approximately 150 stores by early 2027, having already shut down over 80 of its namesake locations. As part of its "Bold New Chapter" strategy, Macy's is investing millions to modernize stores and enhance customer service in response to challenges in the retail sector.