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Lejuez's math pegs Macy's credit card business representing 49% of its operating profits in 2022, up from 35% in 2021. Pre-pandemic in 2019, the business made up 58% of Macy's operating profits.
Credit One Bank
Macy’s is warning of a spike in customers who are failing to make credit card payments, adding to the evidence of mounting financial stress on consumers.
Macy's, Inc.
First National Bank of Omaha
Macy's posted a beat on earnings estimates on Tuesday before the market open, but the department store pointed out that its credit card business is under pressure.
PNC Financial Services
Macy's - Wikipedia ... Macy's
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