During a virtual fireside chat with Cowen & Co. analyst Oliver Chen, Macy’s Chief Financial Officer Felicia Williams said the company does not expect sales trends to normalize until 2021 or possibly 2022.
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Stitch Fix sales fell 9% as coronavirus delayed orders, sees sales growth ahead as backlog clears
Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss.
Slack shares close down more than 14% after earnings show far slower growth than Zoom
Slack reported that it grew revenue 50% during the quarter, compared with 49% last quarter, on an annualized basis.