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Macy’s Posts Four Straight Sales Gains, But Investors Want More

Where are fashion’s priorities? How sustainability will fare post pandemic is just one of many open questions. Join SJ on July 15 at 11 am for a webinar on how the crisis will affect future sourcing decisions and how to better measure progress.

Macy’s Inc. is proving that its recent rebound isn’t just a fleeting moment: The company posted third-quarter same-store sales that beat Wall Street’s expectations. Even so, the shares fell in early trading — a sign that investors are still skeptical the rebound will hold. Comparable sales, a closely-watched measure, rose 3.3 percent for owned and…

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