Macy’s posts nearly $4 billion in losses, doesn’t expect another shutdown

Macy’s Inc reported a staggering $3.58 billion quarterly loss on Wednesday as coronavirus-related store shutdowns resulted in a $3 billion impairment charge. The global health crisis has forced brick-and-mortar retailers to tap credit lines, lay off employees and suspend dividends and buybacks in a bid to stay afloat. “While our stores are reopened, we expect […]

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