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Stock impact report

Macy's will start reopening stores on Monday [CNNMoney.com]

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: CNNMoney.com
Macy's will start reopening stores on Monday Raleigh, North Carolina (CNN Business) Macy's ( M ) announced plans to reopen 68 of its stores less than a week from now in states that have loosened social distancing restrictions during the coronavirus pandemic. During a Thursday morning webcast, Macy's CEO Jeff Gennette told analysts and investors that the company's stores in Georgia, Oklahoma, South Carolina, Texas and Tennessee -- where governors are easing Covid-19 social distancing mandates -- will reopen on a limited basis Monday, with hours of operation between 11 a.m. and 7 p.m. Gennette said he expects that all 775 Macy's stores will be back up and running six weeks from now -- as long as coronavirus infection rates continue to dwindle and state and local governments permit stores to reopen. Macy's is taking a phased approach to reopening, with about 50 additional stores set to open on May 11, according to Gennette. The company is also making many changes to its s Show less Read more
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