The top department store operator continues its exodus from small markets and struggling malls.
News & Analysis: Macys
Macy's continues to confront stiff competition.
The department store chain has lost a lot of market share to competitors like TJX over the past five years. But the next five don't have to be equally bad.
Jefferies believes the company is a good play on an economy that should recover next year.
The COVID-19 pandemic has upended the U.S. department store sector in 2020, but it won't cause long-term damage to Macy's balance sheet.
A string of positive developments is lifting the retailer well beyond its peers.
The department-store chain is still posting double-digit sales declines and losing money but is likely to make a full recovery from the COVID-19 pandemic, driving its stock even higher.
Yet it was still a very bad quarter for the retailer.
M earnings call for the period ending October 31, 2020.
This retailer's long parade has taken a wrong turn.