Macy’s Faces Weak Q1, Tariff Pressures As Consumers Cut Back

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.