Macy’s sales plunge 20%
Macy’s raked in net sales of about $4 billion during the quarter, a significant drop from $5.2 billion a year ago.
The performance was helped by a 27 percent year over year jump in digital sales.
The company posted an adjusted net loss of $60 million.
Macy’s bosses said they’re optimistic about posting strong holiday results after finishing the third quarter with better sales than they expected a few months ago. ■