What: Wall Street expects Macy’s Inc to report the biggest holiday sales among US department stores in coming up holiday quarter results.

Why is it important: Macy’s was able to keep supplies stable during the peak shopping season because it used multiple ports to receive early deliveries of apparel and accessories from overseas suppliers.

In their last quarter, Macy’s added 4.4 million new customers, up 28% from pre-pandemic levels, with around a third of them returning to the brand after months. Their quarterly online sales have been growing for nearly two years, thanks to its loyalty program that has attracted millions of younger customers. Macy’s plans on building on the momentum by launching a marketplace, where third-party sellers can sell brands the department store does not carry and help expand its customer base.

Macy’s expects best sales among US department stores