Macy's loses money in 3Q; virus surges into holiday season

Automatic TRANSCRIPT

Additional earnings report from Macy's reflects the uneven terrain facing retailers sales at Macy's tumbled twenty two percent as the department store chain struggled to bring shoppers back during a pandemic chief financial officer Adrian Mitchell said surging cobit across the country continues to impede the recovery in international tourism and urban areas the hardest hit businesses have been flagship stores in those in downtown areas sales at established stores fell around twenty percent while online sales rose twenty seven percent the company posted a loss of ninety one billion dollars that compares with a two million dollar profit in the same period a year ago I'm Jennifer king

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