Shoppers are returning to reopened stores faster than expected, according to retail executives. Macy’s Inc. Chief Executive Jeff Gennette said sales at reopened stores are down by about half compared with before the pandemic, which is better than the 85% decline the company had predicted. At Kohl’s Corp., stores are doing about three-quarters of their pre-pandemic sales volume, up from about two-thirds in late May, Chief Executive Michelle Gass said. The executives spoke at a virtual conference Tuesday hosted by the investment...

Source: Wall Street Journal June 09, 2020 20:06 UTC