Macy’s Boosts Bloomingdale’s Amid Saks Bankruptcy, Extends Store Closures to 2028

Macy’s reported a 1.8% rise in Q4 comparable sales despite a slight net sales drop, focusing investment on Bloomingdale’s to seize luxury market growth following Saks Fifth Avenue's bankruptcy. This pivot attracts former Saks vendors and customers to Bloomingdale’s, strengthening Macy's luxury segment and overall brand portfolio. Macy’s also postponed its 150-store closure timeline from 2026 to 2028 to leverage improved financial health and enhance store upgrades, signaling sustained transformation efforts ahead.