Macy's to be 'smaller company' as loss to hit $1 billion in quarter amid lockdowns

) 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.

For a period of time

Could Macy’s get much smaller? I thought they were gone.

So the thanksgiving day parade might look something like this?

Meanwhile amazon and Walmart are killing it

I'll miss Macy's.

Ya think! DUH!

Just another bankrupt company in bankrupt USA.

I really believe in store retail was already on a decline before pandemic due to online shopping. Covid 19 just pushed the demise a little further. Many stores pre-Covid 19 were already hanging on by a thread and had bankruptcy plans in motion. Pier 1 was up for sale for a year

So many lost jobs, all for an over blown virus.

America is collapsing around us because of the worthless media and government none of them are working for the best interest of our country stand up unite and get rid of them ....

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 theothersarahh These guys are a real piece of art. Those multibillion companies, tax evasion wizards and beyond, have the nerve to urge more money out of the people´s pocket!. theothersarahh No Way! theothersarahh Hmmm, money money money. That's all I hear and see now. Even more than the virus
Source: Forbes - 🏆 394. / 53 Read more »

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. NEW VIDEOS COMING SOON 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥👅👅👅👅👅👅👅👅👅👅👅👅👅👅👅👅👅👅👅👅👅👅👅👅 Check out my Pornhub profile
Source: Forbes - 🏆 394. / 53 Read more »