The retailer is pursuing a turnaround strategy like the one that drove a remarkable comeback at Best Buy over the past seven years.
News & Analysis: Macy's
Shares of the department-store chain caught a break from the latest trade news.
Macy's expects asset sale gains to moderate beginning this year as it shifts its attention to reinvigorating sales growth. But it still has lots of latent real estate value that it could tap into if necessary.
The department store giant faced its share of troubles last quarter, but demonstrated the resiliency of its growth strategy.
M earnings call for the period ending May 4, 2019.
Stocks rose for a second day on trade hopes, with Macy's and marijuana specialist Tilray reporting earnings.
The department store's turnaround seemed to lose momentum toward the end of 2018. Is it getting back on track?
Macy's can think about resuming its share buyback program this year, after Fitch and S&P both upgraded their outlooks for the department store giant's credit rating to "stable" in the past week.
But investors should curb their expectations for how much this new retail concept will help revitalize Macy's stores.
The retailer wants to create a "real life" Instagram in its stores, but will this ambitious project pay off?