Macy’s Inc. announced comparable sales results for the months of November and December 2019 were down 0.7 percent on an owned basis in the November/December holiday period. Including licensed operations, comps were off 0.6 percent.
“Macy’s, Inc.’s performance during the holiday season reflected a strong trend improvement from the third quarter. Our digital business and Growth150 stores performed well. Additionally, customers responded to our gifting assortment and marketing strategy, particularly in the 10 days before Christmas,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. “The entire organization committed to delivering Holiday 2019, and it showed up in our execution. I want to thank all of our colleagues—full-time, part-time and seasonal—for their hard work and dedication to serving our customers.”
As previously announced, Macy’s, Inc. will host an Investor Day on Wednesday, February 5, 2020, at the New York Stock Exchange. At that time, the management team will share details of Macy’s, Inc.’s growth plans and three-year strategy.