Macy's CEO Jeff Gennette
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Macy's Shares Surge As Strong Earnings Fuel Hopes Turnaround Is Gaining Traction
Macy's turnaround plans are taking hold, marking a positive sign for the overall retail industry, and the company expects the momentum to continue into 2018. In an interview Tuesday with CNBC, CEO Jeff Gennette said same-store sales were up 3 percent in January, as the company had fresher merchandise in stores and less carryover from the holidays.
