Macy’s CEO says sales are down 50%, less than expected, as stores reopen

As Macy’s reopens its stores, sales are down 50 percent — better than the retailer’s grim expectations of an 85 percent decline. So CEO Jeff Gennette is calling it a win. Gennette said during a virtual conference Tuesday that Macy’s sales since beginning to open stores indicate that the steep decline in retail sales is only temporary, the Wall Street Journal reported. “The lure of having appropriate fashion from our customer, all the way from

source https://therealdeal.com/2020/06/10/macys-ceo-says-sales-are-down-50-less-than-expected-as-stores-reopen/