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Macy’s Didn’t Think Consumers Would Shift Their Spending in This Direction

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

Macy’s Inc. did better than expected in the second quarter, and plans to lean into luxury to take advantage of consumers shifting their spend from travel and tourism to quality and costly home textiles. In a Nutshell: Macy’s will continue to take a conservative approach for the back half of the year, and has continued…

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