CNBC's Jim Cramer is optimistic about Macy's turnaround under new CEO Tony Spring's strategy.

CNBC's Jim Cramer is optimistic about Macy's turnaround, crediting new CEO Tony Spring's strategy of making the brand more upscale to navigate competition. Macy's recent quarter exceeded Wall St expectations, with plans to close underperforming stores and invest in better locations, as well as expanding Bloomingdale's and Bluemercury brands. Cramer also highlights the potential positive influence of potential buyer Arkhouse.

May 25, 2024
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