Macy’s Posts $431 Million Loss as Stores Continue Recovery

Macy’s reported a loss of $431 million for the latest quarter, even as sales continued to recover from temporary store closures spurred by the coronavirus pandemic.

The retailer reported $3.6 billion in sales, up from $3 billion in the previous quarter, but nearly $2 billion less than the company recorded in the second quarter of 2019.


Related posts

Fincons Group is a key partner of the 3rd Annual Open Banking and APIs Forum


Semafone bolsters security across its product line with new PCI DSS certification for Cardprotect Relay+


The Work-From-Home Shift Shocked Companies—Now They’re Learning Its Lessons