Retail News

Macy’s Holiday Quarter Down 59 Percent

MarketWatch 02/24/2009

Macy’s fourth-quarter sales dropped 7.7 perent to $7.93 billion. Chief executive Terry Lundgren said that the company “remains financially healthy, with strong cash flow and ample borrowing capacity,” having recently paid down $686 million in debt coming due in 2009 using cash on hand.

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Retail News

Macy’s Holiday Quarter Down 59 Percent

MarketWatch 02/24/2009

Macy’s fourth-quarter sales dropped 7.7 perent to $7.93 billion. Chief executive Terry Lundgren said that the company “remains financially healthy, with strong cash flow and ample borrowing capacity,” having recently paid down $686 million in debt coming due in 2009 using cash on hand.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

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