Macy’s stock surged 16% as same-store sales rose 1.9% in Q2, first positive quarter since early 2022. CEO Tony Spring sees this as a start of momentum. Macy’s plans to close 66 unprofitable stores this year. Stock is down 6% this year despite recent gains. Telsey Advisory Group remains cautious.

Read more at Yahoo Finance: Macy’s stock soars as sales rise by most in 3 years, company plans more store closures