中文字幕无线观看

<code id="02emg"></code>
  • <menu id="02emg"><blockquote id="02emg"></blockquote></menu>
  • <blockquote id="02emg"></blockquote>
    Home / Knowledge / News / Retail / Macy's Q3 FY20 digital sales grow 27%

    Macy's Q3 FY20 digital sales grow 27%

    27
    Nov '20
    Pic: Shutterstock
    Pic: Shutterstock
    Macy’s, a US-based premier omni-channel fashion retailer, reported decline in its sales to $3.99 billion during the third quarter (Q3) FY20 that ended on October 31, 2020, compared to sales of $5.17 billion in the same period last fiscal. Digital sales for the quarter rose 27 per cent. Company incurred a net loss of $91 million (Q3 FY19: profit $2 million).
     
    “Macy’s third quarter results reflect solid performance across all three brands – Macy’s, Bloomingdale’s and Bluemercury. Our results were driven by disciplined cost management, strong execution by our colleagues and an early start to the holiday shopping season,” Jeff Gennette, chairman and chief executive officer of Macy’s, said in a press release. 
     
    Company’s selling, general and administrative expenses were a loss making of $1.72 billion ($2.20 billion). Whereas, operating loss for Q3 FY20 stood at $127 million (operating profit $52 million).
     
    “Customers shopped our brands across all channels in the third quarter and responded well to our expanded fulfilment offerings, such as curbside, store pickup and same-day delivery. Our digital business delivered strong growth and sales in our stores continued to recover. Customers have shifted their spending to casual apparel and categories they can enjoy as they stay at home,” Gennette said.
     
    “Looking to Holiday 2020, we know this year is different. We are committed to bringing the joy of the season to America as we do every year. From next week’s Thanksgiving Day Parade to reimagined family gatherings, we will help our customers and their families celebrate in style,” Gennette said in the release.

    Fibre2Fashion News Desk (JL)


    Must ReadView All

    Pic: Shutterstock

    Apparel/Garments | On 28th Nov 2020

    3 Bangla RMG firms present energy efficiency action plans

    Small energy efficiency working groups (SEEWGs) of three top tier...

    Pic: Shutterstock

    Textiles | On 28th Nov 2020

    Pak PM asks ministries to help textile sector meet demand

    Pakistani Prime Minister Imran Khan recently directed the commerce...

    Pic: Shutterstock

    Apparel/Garments | On 28th Nov 2020

    Rwanda's garment-textile exports grow by 83% in 2 years

    Rwanda's textile and garment sector grew 83 per cent in value between ...

    Interviews View All

    Spokesperson, Hugo Boss

    Spokesperson
    Hugo Boss

    'Hugo Boss works with carefully selected sourcing partners'

    Smarth Bansal, Colorjet India Limited

    Smarth Bansal
    Colorjet India Limited

    We would like to venture more companies into the Indian market

    Office bearers, Textile industry

    Office bearers
    Textile industry

    There might be negative impact on garment exports

    Manuele Baggini,

    Manuele Baggini

    Comec Italia Srl is a world leader in the production of printing machines. ...

    Will Qian,

    Will Qian

    Honghua Digital Technology Stock Co., Ltd. specialises in the R&amp;D,...

    Vasudevan LK,

    Vasudevan LK

    Epson is a world leader in digital imaging and printing solutions....

    Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

    Ayyappa Nagubandi
    Broadcast Wearables Pvt Ltd

    Hyderabad-based Broadcast Wearables has come up with the country's first...

    Suresh Patel, Non Woven Federation of India

    Suresh Patel
    Non Woven Federation of India

    The Non Woven Federation of India (NWFI), representing the regional...

    Davide Vigano, Sensoria

    Davide Vigano
    Sensoria

    Sensoria is a leading developer of smart garments and IoMe (Internet of...

    Amiben Shroff, Shrujan

    Amiben Shroff
    Shrujan

    From its modest beginning in the late 1960s, Shrujan has grown into a...

    Sandeep and Sarah Shaikh Gonsalves, SS Homme

    Sandeep and Sarah Shaikh Gonsalves
    SS Homme

    SS Homme celebrates the craft of traditional tailoring through the bespoke ...

    Judy Frater, Somaiya Kala Vidya

    Judy Frater
    Somaiya Kala Vidya

    Among the many honours showered on Frater, including Fulbright and Ford...

    Press Release

    Press Release

    Letter to Editor

    Letter to Editor

    RSS Feed

    RSS Feed

    Submit your press release on


    editorial@fibre2fashion.com

    Letter To Editor






    (Max. 8000 char.)

    Search Companies





    SEARCH

    Leave your Comments


    November 2020

    Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


    Advanced Search



    中文字幕无线观看
    <code id="02emg"></code>
  • <menu id="02emg"><blockquote id="02emg"></blockquote></menu>
  • <blockquote id="02emg"></blockquote>