Macy’s Recognizes $3.1B Charge As Pandemic Reshapes Outlook
PYMNTS
JULY 1, 2020
billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. Gennette also said the company does not expect another complete closure, but is “staying flexible” and is “prepared to address increases in cases on a regional level.”.
Let's personalize your content