These stores made big moves to delay the retail apocalypse [The Business Insider]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: The Business Insider
These stores made big moves to delay the retail apocalypse Macy's, JCPenney, and Kohl's reported stronger than expected sales. AP Photo/Bebeto Matthews After a dismal start to 2017 , US retailers had a lot to prove this holiday season. Thanksgiving and Christmas is the busiest and most important time of the year for the retail industry. During the most recent holiday season, many companies put out a strong performance, potentially delaying the negative effects of the retail apocalypse while breaking sales records. Retail sales from November 1 through Christmas Eve climbed 4.9% from 2016, the highest growth rate since 2011, according to data from Mastercard SpendingPulse. "This year was a big win for retail," Sarah Quinlan, senior vice president of market insights at Mastercard, said in a statement. While the strength of the US economy certainly played a part, new strategies put in place by retailers ultimately engaged shoppers, according to Quinlan. This week, T
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Sec Filings
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- 4/19/24 - Form 3
- M's page on the SEC website