99精品国产自在现线免费

    <p id="xxhh9"></p>
    <address id="xxhh9"></address>
      <span id="xxhh9"></span>

      <thead id="xxhh9"></thead>
      <menuitem id="xxhh9"></menuitem>

            <thead id="xxhh9"><progress id="xxhh9"><ins id="xxhh9"></ins></progress></thead>
            <big id="xxhh9"></big>

              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

              Textiles | On 13th Aug 2021

              China's central bank to keep monetary policy stable

              China's central bank will maintain the monetary policy's stability,...

              Pic: Shutterstock

              Textiles | On 13th Aug 2021

              UK GDP estimated to have increased by 4.8% in Q2 2021: ONS

              UK gross domestic product is estimated to have increased by 4.8 per...

              Pic: Alina Boldina / Shutterstock.com

              Apparel/Garments | On 13th Aug 2021

              German sportswear company Adidas sells Reebok to ABG for €2.1 bn

              German sportswear giant Adidas has agreed to sell Reebok to Authentic ...

              Interviews View All

              Textile Industry, Head honchos

              Textile Industry
              Head honchos

              Trainers faced immense challenges as most were not tech-savvy

              Textile Industry, Head honchos

              Textile Industry
              Head honchos

              Main challenges are breakdown of supply chain and shrinkage of manpower

              Textile Industry, Head honchos

              Textile Industry
              Head honchos

              Biggest learning was adaptability

              Aashumi Mahajan,

              Aashumi Mahajan

              Luxe Maison is a premiere haute couture e-boutique established after 2015. ...

              Gus Bartholomew,

              Gus Bartholomew

              <b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

              Dhruv Toshniwal & Udit Toshniwal,

              Dhruv Toshniwal & Udit Toshniwal

              Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

              Frank Heislitz, Freudenberg

              Frank Heislitz
              Freudenberg

              Freudenberg Performance Materials is a leading global manufacturer of...

              Sven Ghyselinck, Devan Chemical

              Sven Ghyselinck
              Devan Chemical

              Headquartered in Belgium and with offices in the United Kingdom, Portugal...

              Daniel Roxbury, University of Rhode Island

              Daniel Roxbury
              University of Rhode Island

              Assistant professor Daniel Roxbury and former URI graduate student...

              Vidur Adlakha & Riccardo Bennidini, La Fuori

              Vidur Adlakha & Riccardo Bennidini
              La Fuori

              With an active presence in US, Italy and India, clothing brand La Fuori...

              Niti Singhal, Twee In One

              Niti Singhal
              Twee In One

              Best known for convertible clothing, Indian brand Twee In One by designer...

              Anjali Bhaskar, Samatvam

              Anjali Bhaskar
              Samatvam

              <b>Anjali Bhaskar</b> has an experience of 12 years in the fashion...

              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


              August 2021

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


              Advanced Search



              99精品国产自在现线免费

                <p id="xxhh9"></p>
                <address id="xxhh9"></address>
                  <span id="xxhh9"></span>

                  <thead id="xxhh9"></thead>
                  <menuitem id="xxhh9"></menuitem>

                        <thead id="xxhh9"><progress id="xxhh9"><ins id="xxhh9"></ins></progress></thead>
                        <big id="xxhh9"></big>