Blog

Home/News/Macy’s to be ‘smaller company’ as loss to hit $1 billion in quarter amid lockdowns

Macy’s to be ‘smaller company’ as loss to hit $1 billion in quarter amid lockdowns

Macy’s Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus.

    

Written by

Peter Zirbes, ESQ. A Full Service Law Office 718 544 6300