Macy's (M) Reports Nov/Dec. Comps Down 5.2%; Cuts FY15 Outlook
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Macy’s, Inc. Reports November/December Sales and Updates 2015 Guidance
January 6, 2016 4:00 PM ESTCINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today announced that its comparable sales on an owned plus licensed basis declined by 4.7 percent in the months of November and December 2015 combined, compared with the same period last year.
On an owned basis, comparable sales declined by 5.2 percent in the combined November/December period.
(Editors Note: Macys, Inc. this afternoon also issued a separate news release outlining cost efficiencies and listing upcoming store closings.)
The holiday selling season was challenging, as experienced throughout 2015 by much of the retailing industry. In the... More
