Macy's hefty loss reveals challenges among mall stores

NEW YORK – Macy’s warned Thursday that it could shed a lot more than a $1 billion and see product sales fall at least 45% in the course of its to start with fiscal quarter after the coronavirus pandemic paralyzed retail operations nationwide.

The dire preliminary report from the legendary division retail outlet chain presents the most current proof that the pandemic is widening the divide concerning large box shops like Walmart and Goal and shopping mall-based outfits chains.
L Manufacturers, which operates Victoria’s Secret and Bathtub & Human body Performs, documented a broader-than-envisioned reduction on a deep product sales fall, specially with the lingerie model. But Best Get, the nation’s biggest shopper electronics chain, claimed it retained eighty one% of its product sales in the course of the pandemic quarter – even if with its shops closed to consumers.

TJX Cos., which operates T.J. Maxx and HomeGoods and Marshals

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