Macy’s was hit by a massive slow down of its credit card and gift card processing on Black Friday, a setback that could hamper its sales significantly, and possibly lose the department store chain massive amounts of money at the start of the holiday shopping season.

However, the company says it has resolved the problem, according to the following statement reported by TechCrunch:

We have fully resolved today’s system issues. We highly value our customers and sincerely apologize for any inconvenience today’s system slowdown may have caused during their shopping experience. The delays we experienced this afternoon were due to a capacity-related issue that caused some transactions to take longer to process. We do not anticipate any additional delays.

The setback could not have come at a worse time for Macy’s, which has…