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Macy's reports Q4 revenue down 4.3%, plans to close 150 stores amid economic uncertainties.
Macy's reported a 4.3% drop in Q4 revenue to $7.768 billion, missing analyst expectations, despite a profit of $342 million, or $1.80 per share, which beat forecasts.
The company sees 2025 sales and profit below market expectations, at $21-21.4 billion and $2.05-$2.25 per share, respectively, citing economic uncertainties.
Macy's plans to close 150 underperforming stores by 2026 while focusing on improving its top 50 stores and growing Bloomingdale's and Bluemercury.
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Macy's informa que los ingresos del Q4 bajaron un 4,3%, planea cerrar 150 tiendas en medio de incertidumbres económicas.