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

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

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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