Macy’s 2019 sales fall 1.65%, updates its transition strategy

Getchell’s Apothecary in Market by Macy's

US-based department store Macy’s net sales for fiscal 2019 declined 1.65% to $24.56bn, while in the fourth quarter sales were down 1.4% decrease to $8.34bn.

Its 2019 adjusted EBITDA fell 18.8% to $2.34bn, while fourth quarter’s adjusted EBITDA declined 17%...

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