Retail News

Macy’s CEO says stimulus checks and vaccinations are helping sales

CNBC 03/31/2021

Macy’s CEO Jeff Gennette attributes an increase in sales partly to the availability of COVID-19 vaccines and stimulus checks from the federal government. “They’re younger, they’re more diverse,” Mr. Gennette said of new shoppers at Macy’s. “The good news is that the core customer … trend is improving as they start to get the vaccination. [We’re] starting to see the activity digitally and in the stores.”

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