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Macy’s Posts Lower Sales in a Challenging Retail Environment

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Macy’s Posts Lower Sales in a Challenging Retail Environment
A Macy’s store in the Fashion Centre at Pentagon City shopping mall in Arlington, Va., on Jan 3, 2024. Madalina Vasiliu/The Epoch Times
Panos Mourdoukoutas
Updated:
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Macy’s Inc. joined the chorus of U.S. retailers reporting lackluster sales in the fourth quarter of 2024 in a challenging environment, sending its shares lower on Wall Street.

This week, the owner of brand-name retail stores including Macy’s, Bloomingdale’s, and Bluemercury, reported a 5.3 percent decline in net sales, with comparable sales down 1.9 percent on an owned basis and down 0.9 percent on an owned-plus-licensed-plus-marketplace basis.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”