Macys Inc. (formerly Federated Department Stores) (M)

Macy's Inc. has showcased a significant turnaround in its business model, as highlighted by recent reviews from experts. The decision to close underperforming stores appears to be paying off, creating a more streamlined operation that is beginning to show results. Following the announcement of impressive quarterly earnings, the stock saw a substantial rise of over 20%, indicating strong market confidence. Additionally, the company raised its full-year forecast, further signaling a positive trajectory. This combination of strategic closures and strong financial performance suggests that Macy's is effectively navigating its challenges and reestablishing its foothold in the retail market.