Macy's Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus.
) said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus.
Just this month, several retailers, including J Crew, J.C. Penney and Neiman Marcus Group, filed for bankruptcy after failing to cope with market uncertainties and mounting debt. However, fine jewelry, kids and home were categories that performed better than others during the pandemic, he said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Trump-Favored Construction Firm Involved In Ongoing Inspector General Investigation Wins $1.3B Border Wall ContractFisher Sand & Gravel has been touted by Trump after its owner made several appearances on Fox News.
Lire la suite »
Business Leaders Urge Congress To Send $1 Trillion In Relief Funding To States And Local GovernmentsTop business leaders including Disney Executive Chairman Bob Iger and Salesforce CEO Marc Benioff are urging Congress to send another $1 trillion in emergency relief funding to local governments by theothersarahh
Lire la suite »
Business Leaders Urge Congress To Send $1 Trillion In Relief Funding To States And Local GovernmentsA bill including $875 billion for states was passed by the House last week, but the Senate is not expected to approve it.
Lire la suite »
The Man Betting $1 Billion That Pfizer Can Deliver A Vaccine By This FallMeet the man betting $1 billion that Pfizer can deliver a vaccine by this fall:
Lire la suite »
They bought a $1 house in Italy, then Covid-19 struckBuyers have been flocking to Italy to buy bargain priced houses being sold by dying towns attempting to lure new residents. But what happened to these new home owners when coronavirus descended?
Lire la suite »
Old Navy's $1 Flip-Flop Sale Starts Super Early This Year, but There's a CatchIf there's one thing we know for certain, when it comes to buzzy shopping events, the $1 flip-flop sale at Old Navy is up there. In fact, the easy-to-wear
Lire la suite »