Macy’s sales plunge 20%Christian Fernsby ▼ | November 19, 2020
Macy’s comparable sales plummeted more than 20 percent in the last three months.
The performance was helped by a 27 percent year over year jump in digital sales.
The company posted an adjusted net loss of $60 million.
Macy’s bosses said they’re optimistic about posting strong holiday results after finishing the third quarter with better sales than they expected a few months ago. ■