Connect with us

Business

Macy’s holiday sales top estimates, lifting company to its first profitable quarter in a year – CNBC

Macy’s reported its first quarterly profit in a year, as its efforts to slash inventories during the holiday quarter and rely less on deep discounting paid off.

Published

on

Article feature image
ADVERTISEMENT

Macy’s on Tuesday reported its first quarterly profit in a year, as its efforts to slash inventories during the holidays and rely less on deep discounting paid off.
The company said it expects 2021 to be a year for recovery and rebuilding, as it claws its way back from the losses it has suffered during the pandemic. It offered an outlook that anticipates continued pandemic-related obstacles during the spring, with momentum escalating in the back half of 2021.
Like many of retailers, Macy’s has been…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Texas customer sues over $9,000 power bill during blackout – CBS News
Article feature image
Illinois COVID Update Today: IL reports 2,022 new coronavirus cases, 44 deaths; state expand 1B vaccine eligibility – WLS-TV
Article feature image
Fry’s Electronics, offbeat retail chain, closing – Fox Business