Retail

Macy’s CEO says company already benefiting from vaccinations and stimulus checks

0


Macy’s CEO Jeff Gennette told CNBC on Tuesday the uptick in U.S. Covid-19 vaccinations is already having a positive effect on the company’s top line.

Gennette said business from loyal Macy’s customers is already up by 10% from the company’s fiscal fourth quarter, which ended in late January. Macy’s is just two months its current fiscal quarter.

“That’s clearly the vaccine starting to take root,” he told CNBC’s Jim Cramer in a “Mad Money” interview. “We’re still taking a conservative view to this year. We’re more conservative in the front half than the back half, but it’s positive momentum that we’re bringing into this quarter with us.”

Macy’s said in its fourth-quarter report that it…



Source cnbc.com

Mental health professionals are in high demand as the pandemic enters a second year

Previous article

Biden infrastructure plan seeks to expand broadband access, investment in EVs

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail