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FILE - A Macy's sign is displayed outside the department store in Gurnee, Ill., Wednesday, April 15, 2026. (AP Photo/Nam Y. Huh, file)

Macy’s raises annual outlook after the fourth straight quarter of sales gains

By Anne D'Innocenzio - Associated Press

Macy’s posts strong sales from the holiday quarter and sees encouraging signs from revamped stores

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A Macy's department store is in Bay Shore, Long Island, New York, on Tuesday, Dec. 12, 2023. Arkhouse Management is nominating nine people for Macy’s board of directors, igniting a proxy battle after the department store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management. Macy’s Inc. said Tuesday, Feb. 20, 2024, that it had been seeking additional financing information from Arkhouse and Brigade to possibly advance talks with its board. (AP Photo/Ted Shaffrey, File)

Macy’s to close 150 unproductive namesake stores amid sales slip as it steps up luxury business

By Anne D'Innocenzio - Associated Press