Latest Breaking News On - Sarah wyeth - Page 12 : comparemela.com
Dive Brief:
S&P Global Ratings raised its outlook for Macy s from negative to positive, signaling that the retailer could get an upgrade from its current B+ credit rating in the coming months.
Explaining the reasons behind the outlook change, S&P analysts Helena Song and Sarah Wyeth said in a release, Encouraging signs of an accelerating economic recovery are emerging, and we believe operating conditions for apparel retailers are fast improving.
The analysts also cited lower-than-expected profit and sales declines at Macy s in the fourth quarter as well as momentum going into Q1.
Dive Insight:
At the outset of 2020, Macy s had deep, evident troubles amid the persistent doldrums of the department store sector. After the holiday season of 2019, the retailer posted a small sales decline for Q4 and unveiled yet another turnaround plan aimed at changes in retail that many speculated were leaving Macy s behind.
Washington
United-states
Jeff-gennette
Sarah-wyeth
Washington-post
Dive-brief
Helena-song
Seeking-alpha
Operations
Financial-news
வாஷிங்டன்