Macy's is restructuring its upper management teams to "increase the speed of decision making, reduce costs and respond to changing customer expectations." The company said that it will move key leaders into expanded roles. The company will also cut roughly 100 vice president and above jobs effective 1 March 2019. The department store expects the move to generate savings of $100 million beginning this year. The cuts will allow Macy's to redirect those resources toward supply chain efficiency, enhancing inventory management and building a larger customer base.

The company reported its fifth consecutive quarter of positive comp sales; Comps rose 0.4% for the quarter on an owned basis and 0.7% on an owned-plus-licensed basis.