Americans Are Feeling Good Again About Shopping

Macy's share price soared after the company reported better-than-expected earnings on Wednesday. During the first quarter of 2018, same-store sales rose 4.2%. Analysts think Macy's success may have to do with an industry-wide improvement in consumer spending. Tax cuts have given people more wiggle room in their budgets, which means more shopping. There have also been significant improvements in tourism spending.