Macy's CFO Says Year-End Inventories Reflect Higher In-Transit Inventory
March 6 (Reuters) - Macy's Inc M.N:
MACY'S CFO SAYS YEAR-END INVENTORIES REFLECT HIGHER IN-TRANSIT INVENTORY AS CO MOVED PRODUCTS THROUGH THE NETWORK FASTER ENTERING FISCAL 2025 - CONF CALL
MACY'S CFO SAYS THERE WERE SOME UNEXPECTED FACTORS IN THE EARLY PART OF THE QUARTER WITH THE FIRES AND COLD WEATHER THAT IMPACTED RESULTS
MACY'S CFO SAYS FOR Q1 EXPECT THESE PRESSURES ALONG WITH INFLATION AND TARIFFS TO CONTINUE
MACY'S CEO SAYS CONSUMERS REMAIN UNDER PRESSURE NAVIGATING FROM AN INFLATION RATE AND YET WANTING TO INDULGE AT TIMES
MACY'S CEO SAYS 'I DON'T THINK THE CONSUMER IS GOING TO FEEL A SENSE OF RELIEF IN THE SHORT TERM'
MACY'S CEO SAYS OPPORTUNITY TO REBUILD THE PRIVATE LABEL IS ADVANTAGEOUS FROM LONG-TERM MARGIN ACCRETION PERSPECTIVE BUT ALSO INSULATES A LITTLE BIT FROM TARIFF UNCERTAINTY
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