Wall Street

Macy’s Stock Is Ready To Buy

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ValueWalk

Retail department store chain Macy’s Inc (NYSE:M) stock has been weathering the bear market in retail stocks after posting stellar fiscal Q1 2022 earnings and raising guidance. The department store giant’s Polaris strategy has been successful as Macy’s saw 88% of its omnichannel markets saw growth in the quarter with nearly 44.4 million active Macy’s shoppers. Consumer shopping trends shifted away from the pandemic active/casual and more towards occasion-based apparel due to the reopening trends and COVID vaccinations leading to more in-person engagements. This resulted in strong sales in wome…

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