Macy’s Rides High in Q1 on “Healthy” Consumer Spending

Macy’s Inc. raised its guidance after a strong first quarter performance, which it attributed to a continued tailwind from Q4, better merchandising and the new loyalty program. In a Nutshell: Macy’s Inc. reported that it’s riding a wave of consumer spending that began in the fourth quarter. The company has also benefited from a “significant improvement”…