Debt reduction is going in a good direction for Macy’s these days and the culmination of this practice came in an announcement from the company that stated that a large portion of earnings, that were made during the holiday season, is going to be spent on debt reduction.
Can the company keep going in this direction, without having to make radical cost cuts or reductions of workforce?
https://www.fool.com/investing/2018/12/03/macys-is-shrinking-its-debt-once-again.aspx