Macy’s Returns to Profitability in Q4 Despite Same-Store Sales Dip; Digital Grows 21%
Retail TouchPoints
FEBRUARY 23, 2021
Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic. Net income for the 13 weeks ended Jan. 31, 2021 was $160 million , putting the company back in the black but still down significantly from the $340 million generated in the same quarter the previous year.
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