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Macy's CEO Sees Strong Start to Holidays, Helped by Coat Sales

  • Colder weather has descended on much of the eastern U.S.
  • Department-store chain is trying to pull out of sales slump
Bloomberg business news
Macy’s CEO Jeff Gennette discusses Black Friday sales and the retailer’s real estate portfolio.9Source: Bloomberg)

Macy’s Inc. Chief Executive Officer Jeff Gennette says the holiday season is off to a strong start, helped by a surge in outerwear sales.

The retailer had sold 200,000 coats by 7 a.m. on Friday morning, Gennette said in an interview with Emma Chandra on Bloomberg Television. And he expects to ring up a million coats, sweaters and fleeces by the end of the long weekend.