Macy's stock saw a modest gain, rising 0.94% in after-hours trading, driven primarily by wider market optimism following positive geopolitical and policy developments.
- The retailer is continuing to execute its long-term plan to close 150 underperforming stores.
- Market confidence was boosted by signals from the Supreme Court reinforcing Federal Reserve independence.
- Geopolitical fears were alleviated after President Trump ruled out the use of military force for the Greenland acquisition at the World Economic Forum.