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Macy's Slashes Sales 3.5% But Boosts Net Income to $582M Amid Bold Store Overhaul

M10-KFiling Date: 3/21/2025
Macy's, Inc.
Description

What this story covers

Macy's 10-K reveals a 3.5% sales drop to $22.3B in 2024 due to consumer caution, yet net income surged to $582M via cost cuts and real estate gains. "A Bold New Chapter" strategy closes 150 stores, invests in pilots yielding sales growth, balances digital at 33%, and strengthens luxury brands amid risks like inflation and supply disruptions. Liquidity solid with $1.3B cash.

Story snapshot

CompanyMacy's, Inc.
TickerM
VariantStandard detailed
Duration12:04
Filing type10-K
PeriodAnnual 2024
IndustryConsumer Services
Accession0001628280-25-014315

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