By  on November 14, 2018

Macy’s is on a roll and believes investments in upgrading stores and online operations and services will pay off in the upcoming holiday season.

“We’ve got a good consumer environment in the fourth quarter. Consumer confidence is high. Spending is currently strong and expected to be strong,” Jeff Gennette, Macy’s chairman and chief executive officer, told WWD shortly after the company reported solid third quarter results on Wednesday. Wall Street appeared unimpressed as shares slipped 7.2 percent to $33.21.

To continue reading this article...

load comments
blog comments powered by Disqus