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Macy reports 3Q loss, but manages to ease pain owing to early holiday kickoff

Macy reports 3Q loss, but manages to ease pain owing to early holiday kickoff

Macy’s reported a loss for Q3 as its sales declined 22% to $3.99bn as it struggled to bring customers back to stores during the ongoing pandemic. But the struggling retailer did better than anticipated because it was able to pull holiday shopping customers early for safety reasons, and to avoid the expected shopping rush later. Macy’s reported a loss of $91mn, or 29 cents per share in Q3.

Milan
Milan
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