Macy's on track to deliver 'strong' holiday season, Q4
Macy's notes higher sales and earnings were driven by strong digital, continued improvement from brick & mortar and execution of the North Star Strategy. "We are pleased with Macy's, Inc. performance in the third quarter, marking our fourth consecutive quarter of comparable sales growth. Macy's, Bloomingdale's and Bluemercury all performed well. Our strategic initiatives are gaining momentum and delivering results. Another double-digit quarter from our digital business and a strong stores performance combined to help us exceed expectations. We continue to see an improved trend in brick and mortar across the fleet with particularly strong results from our Growth50 stores," said Jeff Gennette, Macy's chairman and CEO. "The holiday season is when Macy's truly shines. We have the right merchandise, the right marketing and the right customer experiences in place to deliver a strong fourth quarter."