macys boosts forecasts as vaccines encourage in store shopping

Macy’s boosts forecasts as vaccines encourage in-store shopping

Sumary of Macy’s boosts forecasts as vaccines encourage in-store shopping:

  • Department chain Macy’s Inc on Tuesday raised its annual sales and profit forecasts, as speedy vaccinations encourage Americans to return to its stores to upgrade their wardrobes after being stuck at home for more than a year..
  • The New York-based retailer’s shares gained about 2% after a surprise first-quarter profit and comparable sales that beat Wall Street estimates….

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