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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