Macy’s is luring online shoppers and its stock is winning Black Friday

Women shop at a Macy's department store in Roosevelt Field shopping mall in Garden City

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Women shop at a Macy’s department store in Roosevelt Field shopping mall in Garden City
source
Thomson Reuters

  • Macy’s stock rose 4% to $21.45 on Black Friday, outperforming other large retailers.
  • CEO Jeff Gennette said on CNBC the company had “very robust online demand” on Black Friday this year.
  • Gennette said the company is doing better this year than last year but has a lot of work to do if it wants to post a good holiday quarter.
  • The stock is struggling amidst an ongoing retail apocalypse and is down 39.01% this year.
  • “We have got to earn our dollar every day,” Gennette told CNBC.
  • See how the other retailers are doing on Friday.

macy's stock price

source
Markets Insider