Business

Macy’s returns to prepandemic gross sales ranges and faces inflation

Macy’s, the proprietor of the Bloomingdale’s and Bluemercury chains, noticed its general gross sales final 12 months recuperate to prepandemic ranges. However the retailer’s prime govt stated he anticipated a “transitional” 12 months forward due to the pandemic and excessive inflation. Macy’s stated on an earnings name on Tuesday that whereas inflation may “erode shopper

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Business

Macy’s returns to prepandemic gross sales ranges and faces a brand new problem: inflation

Macy’s, the proprietor of the Bloomingdale’s and Bluemercury chains, noticed its general gross sales final yr get well to prepandemic ranges. However the retailer’s high govt mentioned he anticipated a “transitional” yr forward due to the pandemic and excessive inflation. Macy’s mentioned on an earnings name on Tuesday that whereas inflation may “erode shopper discretionary

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Business

Macy’s requests vaccination standing of all U.S. workers.

Macy’s started requesting the vaccination statuses of workers on Tuesday, an indication it was making ready for a possible mandate of vaccinations or weekly testing forward of a particular Supreme Court hearing about such guidelines on Friday. In a memo despatched to workers that was obtained by The New York Occasions, the retailer — which

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