Macy's Sales Surge: Wealthy Shoppers Drive Growth

Macys reports robust sales growth, driven by middle to upper-income shoppers, with a three percent increase in comparable store sales. The companys luxury brand, Bloomingdales, saw a nine percent rise in sales, particularly in mens apparel, fine jewelry, and shoes. Macys CEO, Tony Spring, notes a resilient customer base and cautious optimism for the holiday season, while the K-shaped economy trend persists.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.