COVID-19 Impact on Macy’s

Research By Markets adds Market Research Report - COVID-19 Impact on Macy’s

For detailed information: https://www.researchbymarkets.com/report/covid-19-impact-on-macys-614936.html

COVID-19 Impact on Macy’s

Summary

The Coronavirus (COVID-19) company impact report analyses how the pandemic will impact Macy’s performance.

Due to the impacts of COVID-19, the group’s revenue is forecast to plummet in 2020 as its high exposure to clothing & footwear will dampen its sales, with consumers deprioritising non-essential spend.

Macy’s has clearly communicated the positive actions it is taking to help its staff via email and social media, which will enable it to prove its ethical standards and boost its brand perception in the long term.

Scope

– Although Macy’s stores have started to reopen in some states as lockdowns are eased, many shoppers will remain cautious about returning to shopping locations for sometime, dampening footfall.
– The group’s almost sole dependency on North America will prove to be troublesome as the US has been one of the epicentres of COVID-19, and will suffer severe economic impacts as millions of Americans have lost their jobs.

Reasons to Buy

– Use our revised 2020 forecast for Macy’s to understand how it will perform this year.
– Use our charts to review how Macy’s sales are split by region globally and how these regions have been impacted by COVID-19.
– Use our in-depth analysis to review how Macy’s has responded to COVID-19 and how this will affect its performance.

Companies Mentioned:
Macy’s
Bloomingdale’s
Inditex
H&M
Amazon
John Lewis
Kohl’s
Target
JCPenney
Nordstrom
Bluemercury
Walmart
Aldi
Carrefour


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Ritesh Tiwari is the Founder of Research By Markets, a leading Market Research Reports Reseller trusted by Fortune listed companies for their requirements of Syndicated and Custom Market Research Reports. Ritesh has an overall experience of 18+ years in Recruitments, Sales and Operations. He has been associated with the Market Research industry for the past 7 years. He is an avid foodie as well as a huge football fan being a supporter of Manchester United (EPL) and FC Barcelona (La Liga). Get in touch with him via ritesh@researchbymarkets.com. *Market Research News is a part of Research By Markets.