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

Macy’s Profit Warning, 3.5% Comps Slide a Bellweather for B and C Malls?

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. issued its third profit warning this year after a dismal third quarter in which comps sank 3.5 percent. Department stores like Macy’s tend to anchor lower-tier malls, where sluggish traffic, and not so much a merchandising problem, is weighing down the business. In a Nutshell: Macy’s lowered guidance for fiscal 2020 after reporting lower sales in…

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!