R. H. Macy & Co.: The owner...
- Share via
From Times staff and Wire reports
R. H. Macy & Co.: The owner of Bullock’s and I. Magnin, along with its namesake Macy’s stores, saw its losses quadruple in the fiscal year ended July 28. The New York-based retailer posted a loss of $215.3 million for the 12 months. Sales rose 4.2% to $7.27 billion. In its fourth quarter, Macy’s lost $79.9 million on sales that climbed 2.6% to $1.63 billion. A year earlier, it lost $57.4 million. The company said its performance was hurt by the national slowdown in spending.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
