“We are encouraged by the consistent sales growth in our Macy’s First 50 locations and the strong performance of Bloomingdale’s and Bluemercury," Spring said in a statement.
Macy's third-quarter profit and sales drop and so does its shares
→
Macy's CEO Tony Spring took the helm Feb. 4 and then later that month he announced a plan to close 150 stores.
Activist investors urging Macy's to create a real estate unit among other changes to boost stock
→
