Counter Culture

When retailers around the country today report their same-stores sales results for February, don’t expect Macy’s Inc. to join them. A Wall Street Journal article reports that the department-store giant will join the Dollar General, Home Depot and Sears Holdings, in not revealing the monthly figures.

The article’s author asserts that “monthly reports have actually lost significance as an economic indicator over time. For one thing, they don’t reflect two big shifts in the way consumers shop.” Online sales, calendar shifts that skew the timing of holidays and gift cards have lessened the relevance of the monthly reports, the article says.
Continue reading ‘Macy’s Abandons Monthly Sales Reports’