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Macy's wants Bloomingdale's, Bluemercury to stay put

1. Macy's CEO opposes spinning off luxury brands despite activist investor pressure. 2. Macy's reported growth for Bluemercury and positive sales for Bloomingdale's. 3. CEO emphasizes synergies among brands within the portfolio for future growth. 4. New strategic turnaround plan aims to boost sustainable sales and profitability. 5. Macy's plans significant store closures through 2026 to improve operations.

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FAQ

Why Neutral?

Macy’s strategic plans may stabilize sales, but investor concerns linger.

How important is it?

The article discusses essential strategic changes that directly affect Macy's value and operation.

Why Long Term?

Revamping stores and strategy adjustments may take time to reflect in performance.

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