Bloomingdale's Boosts Macy's Luxury Sales
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Macys, the century-old department store chain, reported a 1.7% drop in Q4 fiscal 2025 net sales, marking 15 consecutive quarters of declines. However, comparable sales rose 1.8% year-over-year, with Bloomingdales standing out as the top performer, posting an 8.5% increase in net sales and a 9.9% jump in comparable sales. Macys is now focusing on its luxury side, with Bloomingdales benefiting from rival Saks Fifth Avenues bankruptcy, attracting new partnerships and vendor support. Macys plans to invest $800 million in capital spending for fiscal 2026 to explore new small-format stores and outlets, aiming to expand its luxury retail presence amid industry challenges.
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