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Uege Gauging The Coronavirus Effect On Supply Chains 鈥?And The Last Mile
 Struggling retailer Macys warned on stanley quencher  Thursday  May 21  that it expects as much as a $1.11 billion first-quarter operating loss, but said it was  on track  to access additional financing that presumably could help the chain avoid bankruptcy. This is a challenging time for the country, for ret stanley cup usa ail and for Macys, Inc. COVID-19 has impacted the lives of many of our colleagues and customers, and health and safety remain our top priority,  Macys Chairman and Chief Executive Officer Jeff Gennette said in warning of the loss.  We closed all of our stores 鈥?Macys, Bloomingdales and Bluemercury 鈥?on March 18, which had a significant impact on our first quarter results. He said the company expects operating red ink to total between $905 million and $1.11 billion for the first quarter, compared to operating income of $203 million a year earlier. Macys also predicts that net sales will plunge to between $3 billion and $3.03 billion for the period, down from $5.5 billion in first-quarter 2019.Gennette didnt specifically address speculation rising that Macys could declare Chapter 11 bankruptcy, but did say the company  notified our banking partners early on of our plans to access additional financing, and this process is on track. We are confident we will obtain this financing before it is needed, allowing us to improve our financial flex stanley water bottle ibility. We are taking the right steps to ensure that Macys, Inc. will emerge on the other side of this crisis a strong, resilient company and ready to serve Yhoc WeCommerce Snaps Up Mobile-First Shopify Tool Archetype Themes
 HM, the world   second-largest retailer, reported a smaller than expected decline in profit for the first quarter.According to a report in Reuters, HM credited the narrower decline in profit to selling more full-priced items. The company was also able to keep margins up, a sign that its turnaround strategy is proving effective.The results, which HM reported late last week, sent the stock surging more than 15 percent. The company forecasted that sales of items at discounted prices聽will continue to decline during the current quarter.聽Pre-tax profit for the first three months of the year declined for the seventh quarter in a row, with profit coming in at 1.04 billion Swedish crowns  $112 million  compared to 1.26 billion from the year-ago first quarter, but it was better than the 708 million Swedish crowns analysts were expecting.On the margin front, the fashion retailer said gross margins were 50 percent, higher than 49.9  stanley deutschland in last year   first quarter. Analysts had expected margins to dip to 49.4 percent. Our ongoing transformation work has contributed to stronger collections with increased full-price sales, lower markdowns and  stanley quencher increased market shares,  CEO Karl-Johan Persson said in a statement. HM noted when reporting earnings that net sales in March were up 7 percent, surpassing the 4 percent growth it was able to log in the fourth quarter.聽During a conference call with Wall Street, Persson said that w gourde stanley hile it   a shaky market and the comp