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Stock impact report

Macy’s CFO Resigns As Troubled Retailer Tries To Stay Afloat [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
ARLINGTON, VA - APRIL 03: Children ride bicycles past a closed Macy's store amid the coronavirus... [+]outbreak on April 3, 2020 in Arlington, Virginia. (Photo by Chen Mengtong/China News Service via Getty Images)Macy’s said Tuesday that Paula Price, the department store company’s finance chief for less than two years, will step down at the end of May.The transition comes at a difficult time for the struggling retailer, which before the widespread outbreak of COVID-19 had announced in February a three-year, $1.5 billion cost-cutting plan that included store closures and layoffs. In response to the the fast-moving illness, Macy’s, which also operates the Bloomingdale’s and Bluemercury chains, has said it has lost most of its sales and furloughed most of its 125,000 people workforce.Price leaves her post May 31 but will remain with Macy’s in an advisory position through November, the company said in a statement. Macy’s launched a search for her replacement.“We will continue to take all Show less Read more
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