Wall Street expects Macy’s Inc. to report the biggest jump in holiday sales among U.S. department stores when it reports quarterly results on Tuesday, benefiting from its investments in online business and ability to keep its shelves stocked. Analysts said the company was able to keep its supplies steady during the peak shopping season as it used multiple ports to receive early deliveries of apparel and accessories from overseas suppliers. That is in contrast to their expectations for rival Nordstrom Inc. as struggles at its Rack off-price division, which accounts for a third of its sales, turned Wall Street cautious on its near-term prospects. “Nordstrom was the original digital strategy store, but Macy’s has caught up and really has done more. Macy’s has embraced a more data-driven, disciplined approach to managing all aspects of the business,” retail analyst Jane Hali said. Analysts also expect Kohl’s Inc., which has seen takeover …
Macy’s to Win US Holiday Season With Biggest Sales Jump Among Department Stores
February 19, 2022
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