Berkshire Hathaway, which had avoided department store investments for six decades, first invested in Macy's in Q1, acquiring about 3 million shares valued at around $55 million. The conglomerate significantly increased its stake in Q2 to 7.37 million shares, now worth approximately $174 million, representing about 2.8% of Macy's outstanding shares. This investment follows Macy's strong Q1 performance, where revenue climbed 2% to $4.9 billion, net income soared 66% to $63 million, and EPS rose 77% to $0.23, all exceeding Wall Street expectations.