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S&P Global Ratings upgrades Macy's outlook to 'positive'

Investing.com ·

M
M Macy's Inc
$24.10 -0.29%
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  1. 1S&P Global Ratings has upgraded the credit outlook for Macy's from 'stable' to 'positive'.
  2. 2Bloomingdale's recorded an 11.3% increase in comparable store sales in the second quarter.
  3. 3Approximately 40 stores scheduled for closure due to poor performance within fiscal year 2026 are currently operating.

So what's the key point?

A credit rating agency has improved the credit outlook for Macy's. This change reflects the 11.3% increase in Bloomingdale's sales.

Source Investing.com · View original ↗

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