Macy’s - Restructuring Pays Off!

Business drivers: Macy's (M) is one of the most well-known department store chains in the USA, with about 350 locations. In light of the continuing weak consumer demand, Macy’s has responded with cost-cutting measures and restructuring, closing a total of around 60 locations. Meanwhile, the stores of its sister brands Bloomingdale's and Bluemercury have recently shown significant increases in so-called same-store sales thanks to new designs. On September 4, Macy's surprised with an unexpectedly strong Q3 result, reporting an EPS of 41 cents,...