Macy’s reported a 2% year-over-year decline in comparable store sales for the first quarter of 2025, with total revenue falling 4% to $4.7 billion, according to The Street. CEO Tony Spring cited unseasonable weather in February and ongoing consumer hesitation around discretionary purchases as key contributors. To counter this shift, Macy’s is focusing on “newness,” value, and enhanced marketing, while also preparing for potential price hikes driven by Trump’s new tariffs. CFO Adrian Mitchell said Macy’s is shifting production away from China, negotiating vendor discounts, and selectively raising prices to stay competitive.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Macy's reported a 2% year-over-year decline in comparable store sales for the first quarter of
00:072025, with total revenue falling 4% to $4.7 billion, according to The Street. CEO Tony
00:13Springs cited unseasonable weather in February and ongoing consumer hesitation around discretionary
00:18purchases as key contributors. To counter the shift, Macy's is focusing on newness,
00:23value, and enhanced marketing while also preparing for potential price hikes driven by Trump's new
00:27tariffs. CFO Adrian Mitchell sent Macy's is shifting production away from China, negotiating better
00:33discounts and selectively raising prices to stay compatible. For all things money, visit Benzinga.com
00:38slash GSTV.