Macy’s (M) is taking steps to increase sales, profitability and cash flow, which will put it on the growth trajectory once the economy rebounds. These include integration of operations, consolidation of divisions and customer-centric localization initiatives.
To help drive traffic, Macy’s continues to focus on price optimization, inventory management and merchandise planning. These helped the company post better-than-expected fourth-quarter sales performance with Macy’s improving its earnings guidance.
Although comparable-store sales remained under pressure, signs of improvement were apparent in the quarter. However, intense competition and higher debt-to-capitalization ratio remain concerns.Zacks Investment Research
