Once again, online sales grew while overall sales fell for Macy’s Inc.
Macy’s, No. 6 in the Internet Retailer 2016 Top 500 Guide, does not break out online sales, but chief financial officer Karen Hoguet told analysts on the retailer’s fiscal third quarter earnings call that online sales grew by double digits for Macys.com and Bloomingdales.com. Macy’s reported overall sales of $5.626 billion for the quarter ended Oct. 29, down 4.2% from $5.874 billion last year. It marked the third straight quarter of declines in fiscal 2016.
