3 Ways Macy's is Adjusting to the Coronavirus Pandemic
Like most businesses, Macy's (NYSE: M) is experiencing significant disruptions in its operations because of the COVID-19 pandemic. It had to close nearly all of its stores simultaneously, which reduced sales substantially. As a result, the company reported a $3.6 billion net loss in its most recent quarter.
Macy's started reopening stores on May 4. However, coronavirus cases are surging in Florida, Texas, and Arizona. While the company does not expect to have to shut down all of its stores again, it did acknowledge that it might have to close a few locations where the spread of the virus is rampant.
Source Fool.com
