How Madonna’s $35 Tops Make Macy’s Unbeatable: Corporate Finance
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Macy’s Inc. is rewarding bondholders with the retail industry’s biggest returns as the most-profitable U.S. department store boosts sales in the face of what may be the weakest holiday shopping season since 2009.
The company’s notes have gained an average 0.7 percent since Black Friday on Nov. 29, the most among non-food retailers in the Bloomberg U.S. Corporate Bond Index. On average, the industry lost 0.03 percent in the same span.