Macy’s, Inc. Reports November/December Sales and Revises 2016 Guidance
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Business Wire
CINCINNATI--(BUSINESS WIRE)-- Macy’s, Inc. (NYSE:M) today announced that its comparable sales on an owned plus licensed basis declined by 2.1 percent in the months of November and December 2016 combined, compared to the same period last year. On an owned basis, comparable sales declined by 2.7 percent in the combined November/December period. (Editor’s Note: Macy’s, Inc. this afternoon also issued a separate news release announcing actions to streamline its store portfolio, intensify cost efficiency efforts and execute its real estate strategy.) “While our sales trend is consistent with the lower end of our guidance, we had anticipated sales would be stronger. We believe that our performance during the holiday season reflects the broader challenges facing much of the retail industry. We are pleased with the performance of our digital business, with double-digit gains at both macys.com and bloomin
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