-
No bonuses or pay hikes for Macy’s execs
Macy’s CEO and other top executives are feeling the pain of the chain’s disappointment financial performance in 2015.
The board decided to award no bonuses after the chain fell short of its sales, cash flow and earnings goals, Macy’s said in a regulatory filing, according to Bloomberg.Click here for more.
-
Supplier survey bodes well for retail sales
If the major suppliers of soft goods such as clothing and accessories to retail stores are a bellwether of the economy, then the coming months are looking to provide a jolt as 75% of these suppliers expect retail sales to significantly outpace the gross domestic product for the spring and summer shopping season.
That’s one of the major findings of a new survey conducted by Capital Business Credit.

