Macy's (NYSE: M) announced fiscal 2022 first-quarter earnings before the markets opened on Thursday, May 26. In its fiscal first quarter, which ended April 30, Macy's reported net sales of $5.35 billion. Thankfully for shareholders, supply shortages have not materially hurt Macy's. On the contrary, because the industry has seen shortages, Macy's capitalized on the decreased competitive pressure to sell products at higher margins.
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An online community boasting tens of thousands of members is calling for a boycott of Coles and Woolworths – but not for the reason you think.
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