Retail News

Late Christmas shoppers helped boost Macy’s 4Q results

CNBC 02/25/2020

Macy’s same-store sales fell 0.5 percent in the fourth quarter, but the department store operator posted earnings of $2.12 per share versus the $1.96 expected by Wall Street as it was aided by a “meaningful sales uptick” in the 10 days heading into Christmas. The retailer’s share price increased by about three percent in premarket trading on the news.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!