Aug 23rd, 2022
Macy's CEO Says Customers Still Want Luxury Items
Consumers are still turning to Macy’s Inc. for work wear and luxury goods even as inflation puts pressure on household budgets, Chief Executive Officer Jeff Gennette said. This, even as the retailer lowered its full-year sales and earnings outlook. Bloomberg's Caroline Hyde and Dana Telsey, Telsey Advisory Group CEO, speak on "Bloomberg Markets."



