In an interview on CNBC’s Mad Money, Tony Spring said, “There certainly is a resilient consumer out there.” The reality of tariffs is there, but Macy’s (M) controls many factors, he noted. The company expects to close about 150 unproductive locations by the end of 2026. Spring wants Macy’s to be a “one-stop-shop” experience, supported by loyalty programs. The balance sheet is in “very good shape,” he added.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on M:
- Macy’s Positioned for Growth: Buy Rating Backed by Strong Consumer Base and Strategic Initiatives
- Macy’s price target raised to $18.50 from $14.50 at Jefferies
- Macy’s: Balancing Opportunities and Challenges with a Hold Rating
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!
- Macy’s rises 17.1%
