– By Sydnee Gatewood Iconic department store chain Macy’s Inc. (NYSE:M) reported its second-quarter results before the opening bell on Wednesday. The New York-based retailer, which also owns the Bloomingdale’s and Bluemercury brands, posted an adjusted loss of 81 cents per share. This was better than the loss of $1.77 […]
Macys
Macy’s, Inc. M reported better-than-expected second-quarter fiscal 2020 results. This omni-channel fashion retailer posted narrower-than-expected loss. Further, the company’s net sales also surpassed the Zacks Consensus Estimate. However, both the top and the bottom lines declined sharply from the year-ago period. Markedly, management highlighted that all three brands namely, Macy’s, […]
Macy’s got a bigger-than-expected boost online during the latest quarter, even as its stores started to reopen during the coronavirus pandemic. The department store operator’s digital sales surged 53% from a year earlier, as more shoppers visited its website to buy workout clothes and home decor. The company also said luxury […]