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

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

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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