Macy's AI Bot Boosts Retail Comeback, Dividends
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Macys new AI shopping bot, Ask Macys, is set to revolutionize retail and boost dividend growth. With a solid forward yield of 4.3% and plans to increase payouts, the company has been working hard to stay relevant. Over the past five years, Macys has consistently raised their quarterly dividend, and free cash flow has been increasing. The AI bot, which offers features like outfit pairing suggestions and virtual try-ons, is particularly appealing to younger shoppers and is helping Macys court the Gen Z crowd. The companys strong brands and digital sales, which now make up one-third of total revenue, are also contributing to their turnaround. Looking ahead, Macys guidance for twenty twenty-seven shows modest upside, and with AI live and strong brands, their turnaround feels more solid than ever.
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