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.