Macy’s raises annual forecast as shoppers return to stores
May 18, 2021
Macy’s Inc. has raised its annual sales and earnings forecast based on a number of factors: stores operating on pre-pandemic terms, pent up shopping demand, increased disposable income and optimism around personal finances and the direction of the U.S. economy. The department store operator announced that same-store sales jumped 63.9 percent during the first quarter, going up against a period in 2020 when many locations were forced to close due to the pandemic.
Recent News
American Airlines Expands Service to Caribbean and Latin America
As the travel industry experiences a post-pandemic resurgence, American Airlines is capitalizing on the growing demand for vacation destinations in Latin America and the Caribbean.
Indiana Judge Rules Tacos and Burritos Are Sandwiches
An Indiana judge has made a significant decision in his court that could change the food world’s description of their favorite Mexican-style foods.
Elon Musk Confirms Twitter Is Now X.com
The bird is gone and officially replaced with X.
Texas Braces for Record-Breaking Power Demand
Texas is bracing for a record-breaking power demand next week as a spring heat wave drives residents and businesses to ramp up air conditioning usage.