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Macy’s needs to show investors it has a plan to get back to sales growth

February 4, 2020

Via: CNBC

Macy’s has watched its shares lose well over half their value in the past five years. Its market cap is more than $1 billion smaller than Kohl’s, even though Macy’s still brings in higher sales annually than its rival.

Officers of the embattled department store chain will meet with investors Wednesday at the New York Stock Exchange. During the presentation, Macy’s has to prove its plans to lure shoppers are working, and that it can return to growing sales and earnings.

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