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Macy’s Reports Loss, but Results Improve From Earlier Quarters

Macy’s Reports Loss, but Results Improve From Earlier Quarters

Macy’s Inc.’s net sales fell more than 20% in the third quarter, while the company reported its third quarterly loss in a row, as the Covid-19 pandemi

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Macy’s Inc.’s net sales fell more than 20% in the third quarter, while the company reported its third quarterly loss in a row, as the Covid-19 pandemic continues to ding retailers’ financial results.

Net sales were $3.99 billion and fell 23% from a year earlier. Analysts polled by FactSet expected them to be $3.91 billion.

Comparable sales—which…

This post first appeared on wsj.com

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