Macy's raises outlook after fourth consecutive quarter of sales gains in a reboot for the retailer under CEO Tony Spring

Macy’s reported its fourth consecutive quarter of comparable sales gains as the department store said an overhaul of its merchandise and improved customer service drove more…

Macy's has been in the midst of a turnaround under CEO Tony Spring, who has worked to close underperforming stores and reinvest in ones worth keeping open.

Macy's raises outlook after fourth consecutive quarter of sales gains in a reboot for the retailer under CEO Tony Spring

Comparable sales rose 3% overall, led by a 10.2% gain at Bloomingdale's, as the retailer's turnaround strategy gains traction

This latest positive indicator follows a prolonged period of sales decline for Macy's

After years of decline, Macy’s sales have grown for a fourth straight quarter.