Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Macy’s Drops $3.5 Billion Bombshell as Covid Shreds Q1 Sales

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

Despite an eye-watering $3.58 billion first-quarter loss and a 45.2 percent decline in sales due to the impact of store closures from the coronavirus, Macy’s Inc. CEO Jeff Gennette said the company has both the financial flexibility and game plan to address any new COVID “increases in cases on a regional level.” In a Nutshell:…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!