February 21, 2017 / 4:25 PM / 10 months ago

BRIEF-Macy's CEO on conf call- Anticipate the challenging environment in 2016 to continue

Feb 21 (Reuters) - Macy’s Inc

* CEO on conf call- “physical stores will play an exceedingly important role in the future of shopping for us and others”

* CEO on conf call- anticipate the challenging environment in 2016 to continue

* CFO- Q4 online sales grew at double digit growth

* CEO - “plan to work closely with our real estate team and expect to get a lot done in 2017”

* CFO- working on a strategy to transform our beauty business

* Not assuming we’ll buy back any stock in 2017 in our forecast

* CFO on conf call- “are aware of recent headlines, will not be answering any questions regarding rumors or speculation”

* CEO- “think there’s enough customers in the mall, it’s just a matter of where they are shopping”

* Backstage within stores making stores more productive, still working on refining the format Further company coverage:

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