Macy's delivered its strongest first-quarter comparable sales performance in four years, signaling progress in its ongoing turnaround efforts.
The company announced the results on Wednesday, with CEO Tony Spring highlighting the success of its store optimization strategy.
The performance was driven by the 200 so-called 'reimagined' stores that Macy's has focused on revitalizing.
These stores are part of a broader strategy to close underperforming locations and reinvest in those with stronger potential.
The results come amid broader retail sector challenges, with consumer spending showing signs of softening.
However, Macy's has managed to outperform expectations, with its guidance increase suggesting confidence in the strategy's long-term viability.