Kids in her grade are “obsessed with TikTok” and posting videos of themselves that look to her like carbon copies. The girls look the same in short crop tops and jeans and sound the same, speaking with a TikTok dialect that includes a lot of “Hey, guys!” and uptalk, their voices rising in tone at the end of a thought.
, trimmed its profit forecast for 2025.The New York retailer, however, topped most performance expectations for the first three months of the year and maintained its annual sales forecast.
Yet Macy’s CEO Tony Spring said that after seeing almost no price increases linked to tariffs in the first quarter, some “limited” price increases are appearing now, leading to the more cautious annual profit outlook.“I think it’s important to understand that we are not just broadly increasing price,” Spring said in a conference call Wednesday. “We’re being incredibly surgical about the situation with tariffs.”The company is diversifying the origin of its products as well, and will pull items when the math doesn’t work, he said.
About 20% of Macy’s products came from China at the end of its last fiscal year. Private brands sourced approximately 27% from China, down from 32% last year.“With the recent announcement of these tariffs, we’ve renegotiated orders with suppliers,” Spring said. “We’ve canceled or delayed orders where the value proposition is just not where it needs to be.”
Shares rose 1% Wednesday.
Sales at Macy’s, which also owns upscale Bloomingdale’s and the Bluemercury cosmetics chain, dropped to $4.79 billion, from $5 billion a year earlier. That’s better than the $4.42 billion that analysts polled by FactSet expected.Bea Gonzalez, a transgender man who was kicked out of a domestic violence shelter in November 2021 along with his three children, poses for a photo, April 9, 2025, in St. Louis. (AP Photo/Jeff Roberson)
Bea Gonzalez, a transgender man, was kicked out of a suburban St. Louis domestic violence shelter on a chilly night in November 2021, along with his three children, then 2, 5 and 7.The family was just settling into a room after filling out paperwork at Bridgeway Behavioral Health Women’s Center when Gonzalez was told they had to go because he disclosed he was a transgender man.
“I wasn’t about to go back into the closet,” the 33-year-old said of his insistence on telling the truth even after it was suggested he keep his trans identity secret.He needed a domestic violence shelter, he said, for greater security for the children and because he feared for his safety as a trans man in a men’s shelter, some of which don’t accept children anyway.