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Macy’s Revamps Polaris Plan as Q1 Sales Take 45% Tumble

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Macy’s is revamping its Polaris strategy for a post-COVID world and doesn’t expect sales to stabilize until next year—or “even 2022.” The department store company started the quarter on solid ground in February before the coronavirus pandemic forced stores to close in mid-March, CEO Jeff Gennette said Thursday in a fireside chat with J.P. Morgan…

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