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November 20, 2020

Macy's struggles to bring back shoppers as pandemic rages on

  • The chain says its flagship and downtown stores have been hit the hardest.
    • By ANNE D'INNOCENZIO
    AP Retail Writer

    NEW YORK — Macy's swung to a quarterly loss and sales tumbled 22% as the department store chain struggled to bring shoppers back to stores during a pandemic.

    While the storied retailer did better than most had expected during the third quarter, cases of COVID-19 have begun to surge across the country just as what is typically the holiday shopping season kicks off. Macy's has already closed its store in El Paso, Texas, where overwhelmed morgues have begun paying jail inmates $2 an hour to help transport the bodies of virus victims.


     
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