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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.
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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 stock price fell as much as 4% in premarket trading on Monday. The company was due to report its earnings on Tuesday; it said the release is now planned for December 11 as it completes its ...
Whether it’s a bank loyalty program or a frequent flyer account, report the fraud to your card issuer as soon as possible. Note that while credit cards provide robust consumer protections, these ...
Most credit cards, however, come with zero liability protection, meaning consumers aren’t usually responsible for unauthorized transactions. Fraud and Losses. In Canada, credit card fraud is a type of identity theft, and it is covered under Canada's Criminal Code. According to the Canadian Anti-Fraud Centre, more than half a billion dollars ...
Macy's earned $28 million, or 10 cents per share, for the three-month period ended Nov. 2. That compares with $41 million, or 15 cents per share in the year-ago period.
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