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0.00263852242744058 0.00439753737906763 0.0035180299032541 0.00263852242744058 0.0043799472295514 0.00948109058926994 0.0148988566402814 0.00300791556728234
Stock impact report

Apparel And Accessories Suffer A Catastrophic 52% Sales Decline In March [Forbes]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Forbes
Clothing is displayed during a preview of a Nordstrom Rack store in New York, U.S., on Monday, May... [+]10, 2010. The new store, located in Union Square, is scheduled to open on May 11, 2010. Photographer: Daniel Acker/BloombergBLOOMBERG NEWSThere is no emergency preparedness planning or business continuity plan that could have properly readied the U.S. retail market for the immediate and unforeseen shut down of its most significant revenue generator: stores. March sales declines do not bode well for department and apparel/accessories stores.Total retail sales Sales Year Over YearData from https://www.census.gov/econ/retail.htmlGross margins heavily impacted with the lost sales over EasterThe lost revenue comes at the most pivotal time in the spring season, precisely when regular price selling takes place across most categories. The missed Easter sales and warmer weather selling will significantly impact the margins, especially in fashion apparel goods. A former Macy’s senior executi Show less Read more
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