Name: Virus cases cast shadow over Macy's outlook
Uploaded: 2020-11-22T18:20:08.000Z
Duration: 1 min 12 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Adverbs of manner

Macy's star, maybe shining less brightly this autumn, the department store chains quarterly comparable sales dropped by more than 1/5 and it warns that sales will continue to decline into the fall season.

That signals a tough holiday shopping period for a retailer that symbolizes the holiday spirit.

Modal verbs - B1

With its annual Thanksgiving parade battered by the health crisis, Macy's has laid off thousands of workers, and sales have been plunging due toa outlet closures CEO Jeff Jeanette said the company is keeping an eye on the potential impact the rising wave of Cove in 19 cases may have on its business.

The surge of infections over the last two weeks has raised fears that that could keep people away from shopping at stores in the holiday season.

Over the last three months, Macy's suffered in adjusted net loss of $60 million as its sales plunged 23%.

 That loss was a lot smaller than Wall Street expected, but investors pummeled Macy shares Thursday, driving them sharply lower in early trading. 