U.S. retail brand Macy's sees fall of profits, revenues extending into 2023

NEW YORK, March 2 (Xinhua) -- U.S. department store Macy's, Inc. will see its decrease of profits and revenues extending into the 2023 fiscal year amid elevated uncertainty in the macroeconomic environment, according to a release by the company on Thursday.

Macy's expectes to realize 23.7-24.2 billion U.S. dollars of net sales revenues in fiscal 2023 starting Jan. 29, 2023, which is lower than 24.44 billion dollars in fiscal 2022 and 24.46 billion dollars in fiscal 2021.