Macy’s CFO says the American consumer is still healthy, but lower-income shoppers could soon cut back

Read Time:6 Second

“We’re seeing oil prices escalate, which will only elevate the expenses around essential goods,” said Macy’s CFO Adrian Mitchell.

About Post Author

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

A deal-hunting mindset, volatile weather and election distraction could influence holiday spending this year.

Kamala Harris and Donald Trump are both pledging to make health care more affordable in the U.S., but have largely...

Spirit Airlines on Friday again extended a deadline with its credit card processor to renegotiate more than $1 billion in...

In his first week on the job, CEO Brian Niccol said improving the company's branding was one of his four...

The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand.

The company is focusing on selling its E2 and regional jets and addressing supply chain issues, the CEO said.