Pandemic could push Macy’s to losses exceeding $1 billion

NEW YORK (AP) — Macy’s is warning that it could lose more than a $1 billion during its first quarter after the coronavirus pandemic paralyzed retail operations nationwide. Sales, the New York department store said in a preliminary report Thursday, could plummet to around $3 billion, down 45% from the $5.5 billion in sales booked […]