Despite reporting a $3.8 billion quartely loss, Macy’s (USA) said that it did not expect to close more stores.
The retailer saw sales for Q1 (ended May 2) fall nearly 50% to $3.02 billion.
Although most stores have reopened, the U.S. is still struggling to control the spread of COVID-19 in many states.
For retailers this could mean future shutdowns and mostly certainly a steep decrease in tourists this summer.
NEWSWIRE
Crystal International Group has announced the plan of its Crystal Sustainability Vision 2030 (CSV2030), spearheading sustainability in the garment manufacturing industry.
The e-commerce market for fashion is fiercely competitive – and JD.com is ready to taken on that challenge.
Taiwan’s Fashion Design Awards put a spotlight on talented young designers
Primark is powering ahead with its US expansion plans opening more stores in prime locations
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