Macy’s isn’t ‘broadly increasing price’ amid tariffs and will eat some costs - MarketWatch
1. Macy’s beat Q1 earnings expectations but cut earnings outlook due to tariffs. 2. Retail sector pressures include competitive promotions and changes in consumer spending. 3. Macy's net sales declined but exceeded consensus estimates for Q1. 4. Tariff impacts lead to selective price increases and vendor negotiations. 5. Company's stock is down 28.9% year-to-date vs. S&P 500's 0.7% gain.