Q4 2022 comparable sales down 3.3% on an owned basis and down 2.7% on an owned-plus-licensed basis; FY 2022 comparable sales up 0.3% on an owned basis and up 0.
Link: https://www.macysinc.com/investors/news-events/press-releases/detail/1812/macys-inc-reports-fourth-quarter-and-full-year-2022
I continue to believe that 2023 is a make-or-break year for Macy’s - their selection is getting worse and they have added a marketplace that reeks of desperation…
Department stores have long had lots of concession lines in store, marketplace is the digital version of that.
I am still not buying the Macy’s marketplace