Macy's shares surge 18% as chain hikes profit, sales forecasts despite tariff costs
1. Macy's shares surged 18% following positive quarterly earnings. 2. CEO Tony Spring's turnaround strategy focuses on luxury brands and remodeled stores. 3. Annual sales forecast raised to $21.15-$21.45 billion, exceeding previous expectations. 4. Comparable sales growth of 0.8% marks Macy's best performance in 12 quarters. 5. Higher-income brands Bloomingdale’s and Bluemercury show strong sales growth.