Macy’s Profit Beats Estimates as Turnaround Shows Progress

Arkhouse Management and Brigade Capital have made a bold $5.8 billion bid to take Macy’s private.

However, Macy’s recent success, with profits surpassing expectations and an optimistic full-year forecast, boosts CEO Tony Spring’s confidence in his turnaround plan. Macy’s is thriving, especially in women’s shoes, men’s tailored clothing, and beauty products, thanks to new products and improved customer experiences. With shares up 3.4% following the news, Macy’s strong performance may outshine the buyout offer.

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