The increase in operating expenses was primarily due to higher employee-related expenses, variable expenses due to higher Macy's sales volumes, and increased in-person and conference-related activity compared to last year.

May 10, 2023 / CFO / receipt, needs a key / Joe Mara, CFO | earnings call 2023-05-10 | transcript 51248ef3-83cc-4eab-835f-eae0b3236af3 | chars 8303-8525 | segment 8