Macy’s CEO warns customers of a harsh change in stores
The mall retail giant has bad news for customers.
Macy’s (M) , which owns Bloomingdale's and Bluemercury, is indubitably one of many few nostalgic mall retail giants that survived the Covid pandemic, a length that prompted a entire lot of shops to both file for financial catastrophe or mosey out of alternate. After surviving the pandemic, Macy’s is now fighting a startling shift in customer conduct.
In Macy’s first-quarter earnings represent for 2025, it revealed that its similar store gross sales declined by 2% year-over-year at some level of the quarter.
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