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US’ Macy’s strengthens growth in FY24 with Bold New Chapter Strategy
Macy’s Inc saw improvements in FY24 through store optimisation, digital growth, and strong Bloomingdale’s and Bluemercury performance. Net sales fell 3.5 per cent to $22.3 billion, with comparable sales down 0.9 per cent. Despite cost controls, SG&A rose to 36.2 per cent. FY25 outlook remains cautious, with projected net sales of $21.0-$21.4 billion and EPS of $2.05-$2.25.
Macy’s Inc saw improvements in FY24 through store optimisation, digital growth, and strong Bloomingdale’s and Bluemercury performance.
Net sales fell 3.5 per cent to $22.3 billion, with comparable sales down 0.9 per cent.
Despite cost controls, SG&A rose to 36.2 per cent.
FY25 outlook remains cautious, with projected net sales of $21.0-$21.4 billion and EPS of $2.05-$2.25.
