Macy's will need to "refocus its efforts toward prioritizing the preservation of liquidity and delaying its strategic plans to improve its operating performance," Moody's said. Weaknesses in Macy's credit profile "have left it vulnerable to shifts in market sentiment in these unprecedented operating conditions and Macy's remains vulnerable to the outbreak contin
Guess Polaris is on hold.
Agree with post below. This is not just Macy's. The economy is going to get really, really bad. EVERY WHERE. I suggest you stop complaining and appreciate the job you have, while you still have it. This is not the time to rally only for yourself. Pull yourself together and work as a team. It is only in everyone's best interest to try and make a difference and save your company. If you can not find in within yourself to work hard for the company that provides you a paycheck, well..... maybe you should move on.
Do not think only Macys. Stock market drop will affect to America and whole world. I only hope this Situation change In good direction and help people back in normal.
This is really not good
Moody's Investors Service late Thursday downgraded Macy's Inc.'s M-10.14% debt and Gap Inc.'s GPS-5.9% debt to junk on the disruption and impact on demand wrought by the novel coronavirus and the retailers' ailing balance sheets.