BENGALURU: Mounting inventory at Macy’s Inc portends a tough holiday quarter for US department store operators as they compete with home improvement and electronics retailers for the attention of thrifty customers.
Inventory was up 4.6% at the end of October – 3.1% on a comparable basis – after the warmest fall quarter in 25 years hit sales of winter clothing and footwear.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!