Macy’s sounds alarm on its holiday sales performance
The department store chain just gave an update about its unexpected sales performance during the holidays.
Earlier than Thanksgiving and Christmas kicked off in 2024, Macy’s (M) flagged a well-known shift in user conduct.
The mall retailer, which owns its namesake stores along with Bloomingdale's and Bluemercury, published in its third-quarter earnings document for 2024, that its full fetch gross sales lowered by 2.4% 365 days over 365 days. This decline contributed to Macy’s full earnings horrified by nearly 3%, when put next to the identical time duration final 365 days.
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