Retail

Macy’s says regional coronavirus ‘flare-ups’ could hurt sales

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A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020.

Michael Short | Bloomberg | Getty Images

The road to recovery at Macy’s is likely going to be a rocky one because of the coronavirus pandemic. 

The retailer warned Wednesday that sales are falling again in states such as Texas where Covid-19 cases are on the rise. And the department store operator expects this pattern could play out as the crisis continues. 

Macy’s said sales at its stores are currently down about 35% from year-ago levels. 

“We are taking the conservative view and pulling that trend through the back half of the year. If trends…



Source cnbc.com

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