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Macy’s Finds More Stability As It Replatforms The Business

Macy’s Finds More Stability As It Replatforms The Business

By Thomas Paulson, Head of Market Insights Macy’s Inc. reported improved holiday results as Advan previewed . Macy’s go-forward 350 reported a comp-sales decrease of -1.6%, roughly in-line with Dillard’s (-1%), and Bloomingdale’s reported a comp-sales increase of +4.8%, roughly in-line with Nordstrom banner’s +5.3% increase. Versus 2019, Macy’s comp (-7%) was similar to FQ3’s and better than the 1H’s. Bloomingdale’s improved to +18% from mid-teens in the prior three quarters.
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