Macy's Lifts Outlook, Warns of Cautious Consumers

Macy's, which owns stores like Bloomingdale's, is doing a bit better than expected.

They think they'll make more money this year than they initially thought.

This is because some of their stores, like Bloomingdale's, are doing well.

However, the company also mentioned that consumers might be careful about spending in the future.

Even though sales are looking up, Macy's has been trying to find a good way to grow.

The new CEO is focusing on improving the stores that have the most potential, which includes staffing upgrades and marketing.

Macy's plans to close some stores that aren't doing so well.