Macy’s Beats the Odds with Best Comparable Sales Growth in Three Years

Third-quarter comparable sales for Macy’s, Inc. rose 2.5% on an owned basis and 3.2% on an owned-plus-licensed-plus-marketplace basis, marking the strongest comp growth in 13 quarters and signaling clear traction in its Bold New Chapter strategy.

The company’s go-forward business delivered 2.7% owned and 3.4% O+L+M comparable sales growth, highlighting the impact of store rationalization and investment in higher-performing locations. Bold New Chapter and Reimagine 125 drive the turnaround Macy’s, Inc.

said its go-forward business showed its second consecutive quarter of comparable sales growth, with Reimagine 125 locations again outperforming the broader Macy’s fleet.

Reimagined stores delivered 2.3% comparable sales growth on an owned basis and 2.7% on an owned-plus-licensed basis, underscoring the value of smaller, more productive formats with enhanced omni capabilities…