Macy's Shoppers Are Buying Pricey Items, but the Retailer Doesn't Expect That To Last
1. Macy's sees strong sales in fine jewelry and mattresses despite weak consumer sentiment. 2. Executives expect sales to soften and plan for reduced consumer spending this year. 3. Comparative sales are expected to decline between 0.5% to 2% for the fiscal year. 4. Macy's lowered its earnings per share forecast from $2.05-$2.25 to $1.60-$2. 5. Concerns about tariffs may have driven recent big-ticket purchases.