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Macy’s reopened stores performing better than anticipated

Macy’s reopened stores performing better than anticipated

Macy’s said on Tuesday that its 450 reopened stores were performing better than anticipated. The brand reported nearly $1bn in quarterly operating losses due to the COVID-19 lockdown. Company shares rose 12% in premarket trading, a day after Macy’s confirmed raising $4.5bn to steer the business through pandemic related economic fallout.

Milan
Milan
Paris Cloud
Paris Cloud 4 months

Any small or large business doing okay at this point is welcome news.

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