Reasons to Read

Macy’s has seen a string of developments in the past week, with the latest being the departure of its CFO, effective May 31, 2020. This comes on the heels of a companywide furlough and the company’s delisting from the S&P 500 last week.

Macy’s began temporarily closing all of its stores from March 17 due to the impact of the coronavirus pandemic. It remains to be seen how long-term these closures will be and how deeply they will affect the retailer.