Macy’s May Temporarily Close More Stores As COVID Cases Climb And...
CNBC / November 20, 2020
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Read MoreThe company has also reduced staffing across its store portfolio, supply chain, and customer support network, which it will adjust as sales recover.
Read MoreThe retailer also said that it had performed better than expected throughout the month of May, as stores began to reopen and its digital e-commerce business remained strong.
Read MoreShe will remain an advisor to the company through November 2020.
Read MoreSales fell to $8.34 billion from $8.46 billion a year earlier but were higher than the $8.32 billion analysts expected.
Read MoreNew York City will become the company’s sole corporate headquarters and will be closing its San Francisco, downtown Cincinnati and Lorain, OH offices.
Read MoreHe joined the retailer in September 2017.
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