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Macy’s (NYSE: M) 4Q19 and FY19 Results: 2020 Will Be A Transition Year

What's Inside

Macy’s reported fiscal 4Q19 revenues down 1.4% YoY and full-year results down 1.6% as same-store sales struggleThe company has high hopes for its Polaris turnaround plan, and is taking a number of steps to restore growth, including: 

  • Closing stores that account for a big chunk of the fleet (and associated costs) but contribute a much smaller percentage of revenues. 
  • Renovating existing stores to better match today’s consumer preferences. 
  • Doubling down on its digital offering to better engage customers and drive an omnichannel experience. 

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