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March 25, 2022, 6:42 a.m. EDT

Macy's workforce increased 17% in fiscal 2021, but was still more than 25% below pre-pandemic levels

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By Tomi Kilgore
M SPX

Macy's Inc. /zigman2/quotes/201854387/composite M -1.22% disclosed that it had 88,857 employees as of Jan. 29, 2022, up 17.4% from 75,711 a year ago, which was impacted by COVID-19-related store closures. Despite the increase, the current workforce is still 27.8% below the 123,000 employees the department store chain had as of pre-pandemic Feb. 1, 2020. The company said in its fiscal 2021 annual report filed Friday that although it has experienced a "strong recovery" in results last year as COVID-19 impacts waned, it expect that COVID-19 "could continue to have adverse impacts on the company's business," as well as its financial condition. The stock, which slipped 1.3% in premarket trading Friday, had soared 132.7% in 2021, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.11% rallied 26.9%.

/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 20.71
-0.26 -1.22%
Volume: 1.55M
June 27, 2022 10:07a
P/E Ratio
3.94
Dividend Yield
3.04%
Market Cap
$5.65 billion
Rev. per Employee
$284,637
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/zigman2/quotes/210599714/realtime
US : S&P US
3,907.52
-4.22 -0.11%
Volume: 341.46M
June 27, 2022 10:07a
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