Bloomingdale’s Comparable Sales Up 10.2% as U.S. Retail Sales Rise 7.2% in May
M•Macy’s Bloomingdale’s division achieved a 10.2% comparable sales increase in the latest quarter during a 7.2% year-over-year U.S. retail sales rise in May and 3.7–4.9% gains earlier in 2026. The company has shed underperforming stores and invested in profitable locations to capitalize on rising retail space demand.
1. Retail Sales Performance and Macy’s Results
U.S. retail sales rose 3.7% in February, 4.0% in March, 4.9% in April and an unadjusted 7.2% in May year-over-year, driven by strong consumer spending. Within this environment, Macy’s Bloomingdale’s division delivered a 10.2% comparable sales increase, marking one of the highest segment performances among department stores.
2. Investment and Store Optimization
Macy’s has closed underperforming locations and reallocated capital to higher-traffic, higher-margin stores, boosting overall portfolio productivity. This strategic repositioning aligns with elevated demand for retail space and gives Macy’s flexibility to enhance in-store experiences and loyalty programs.
3. Macroeconomic Drivers and Risks
Continued spending is supported by a low 4.3% unemployment rate, 10% higher tax refunds and a surging stock market, which bolsters consumer confidence. Downside risks include high gasoline and food prices, mortgage rates above 6%, rising credit card balances and upcoming tariff anniversary comparisons that could pressure pricing power.
