An upbeat Macy’s reported a strong end to a solid year and said it is accelerating its turnaround plans, including the expansion of its off-mall, smaller format stores.
Walmart reported fourth-quarter earnings and sales that beat estimates on the heels of strong holiday results and increased traffic to its stores and e-commerce site.
Higher prices, omicron and the end of the enhanced child tax credit didn’t stop consumers from spending in January as retail sales rebounded from December, boosted by online and home furnishings.