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Forbes
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Has Macy's Finally Turned The Corner?

1. Macy's reported first sales growth in years, boosting stock by over 25%. 2. Activist investors show interest in Macy's valuable real estate portfolio. 3. Company resisted asset sales but saw significant growth in Bloomingdale’s and Bluemercury. 4. Macy's repurchased $150 million in stock and maintains a 4% dividend yield. 5. CEO emphasizes renewed customer-centric focus amidst uncertain economic conditions.

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FAQ

Why Bullish?

Macy's turnaround strategy is gaining traction with solid sales growth, reminiscent of past rebounds.

How important is it?

The article indicates significant shifts in Macy's strategy that are poised to affect stock price.

Why Short Term?

The immediate market response and stock gains suggest an optimistic short-term outlook.

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