Macy's Just Had Its Strongest Q1 in 4 Years. Here Are 3 Ways the Struggling Retailer Is Tackling Its Turnaround.

Macy's reported its strongest Q1 in 4 years with 2% revenue growth and 3% comparable sales increase. The retailer's turnaround strategy includes closing underperforming stores, expanding luxury brands Bloomingdale's and Blue Mercury, and reimagining 200 store locations. The company raised its full-year guidance, and Berkshire Hathaway recently opened its first-ever position in Macy's, citing the stock's attractive valuation at 9x earnings.