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After opening March at $33.48, shares closed the month at $29.64, an 11% drop, according to data provided by S&P Global Market Intelligence : More From Fool.com Macy's share price. Image source: YCharts . Continue Reading Below ADVERTISEMENT So what Despite the chain's ongoing problems, Macy's CEO Terry J. Lundgren keeps putting on a brave face. In the Q4 earnings release, he explained why, despite the sales declines, things are actually moving in the right direction: While 2016 was not the year we expected, we made significant progress on key initiatives that are starting to bear fruit. These include continued improvement in our digital platforms, the rollout of our new approach to fine jewelry and women's shoes, an increase in exclusive merchandise and the รองเท้าส้นเตารีด พร้อมส่ง ราคา refinement of our clearance and off-price strategy. The CEO also noted that the chain has made progress "rightsizing" its store portfolio and changing its management structure. Macy's has been shrinking its store count. Image source: Macy's. Now what Macy's is essentially in "put up or shut up" mode. The company says it's on track, but it needs to show investors that there is a bottom to its sales slide.
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