Macy's CEO says company is already benefiting from vaccinations and stimulus checks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Gennette said business from loyal Macy's customers is already up by 10% from the company's fiscal fourth quarter.

"That's clearly the vaccine starting to take root," he told CNBC's Jim Cramer in a "Mad Money" interview.In this articleCEO Jeff Gennette told CNBC on Tuesday the uptick in U.S. Covid-19 vaccinations is already having a positive effect on the company's top line.fourth quarter"That's clearly the vaccine starting to take root," he told CNBC's Jim Cramer in a "" interview. "We're still taking a conservative view to this year.

Macy's reported that online sales increased 21% and made up 44% of net sales last quarter. The retailer's brick-and-mortar challenges were multiplied as more consumers flocked to the internet to shop.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Took this one with you today! Nice call!

Oh, that money people desperately needed was spent at Macy’s?!? Taxpayer dollars well spent!

I love Macy’s. They have some good sales and I can always find my size juniors department. 😅❤️

Of course they are. Big Corps are welfare Queens. All of the stimulus money will eventually trickle down to them.

95% only bad news(

Great news

Singapore Singapore Latest News, Singapore Singapore Headlines