Macy's Reports Surprisingly Profitable First Quarter – JCK
Share It’s a good day to be a Macy’s exec. The company reported a surprisingly profitable first quarter this morning—and noted that consumers spent abundantly on clothing, luggage, and other categories that had flatlined during the height of the COVID-19 pandemic. Macy’s first quarter saw comparable sales up 62.5% on an owned basis, and up 63.9% on an owned-plus-licensed basis, compared to the first quarter of 2020. Digital sales represented 37% of net sales, which is a 6 percentage ...
Source: jckonline.com