Macy's turnaround starts to take shape, but ailing stores weigh on quarterly results
1. Macy's holiday quarter sales down 1.1% but online sales up 0.2%. 2. CEO Tony Spring's turnaround shows early signs despite mixed results. 3. Fiscal 2025 EPS guidance below Wall Street expectations at $2.05-$2.25. 4. Activist investors push for restructuring and exploration of real estate sales. 5. Macy's to resume $1.4 billion share buybacks depending on market conditions.