Macy’s warns coronavirus lockdowns could spur $1 billion operating loss
![Macy’s warns coronavirus lockdowns could spur $1 billion operating loss](https://thenypost.files.wordpress.com/2020/05/macys-1b-loss-warning.jpg?quality=90&strip=all)
Macy’s said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus. The health crisis has forced brick-and-mortar retailers to tap credit lines, lay off employees...