Beata Zawrzel / NurPhoto via Getty Images Macy's missed second-quarter revenue and comparable store sales estimates as the retailer faced a tough consumer environment. The biggest U.S. department ...
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Macy's (M) is reporting another quarter of declining sales, a month after turning down a $6.9 billion buyout offer. On Wednesday, Macy's reported a 3.8% year-over-year decline in net sales to $4.9 ...
Macy’s reported net sales in their first quarter of 2023 that were $5.0 billion, a 7% decline over last years $5.3 Billion. Diluted earnings per share were $0.56 compared to last year’s $0.98 ...
NEW YORK, Aug. 21 (Xinhua) -- Macy's Inc. narrowly missed analysts' expectations for its second-quarter revenue and revised its sales outlook downward for the remainder of the year on Wednesday ...
Macy’s slashed its annual sales forecast on disappointing second quarter earnings as the iconic department store struggles to win over inflation-battered customers. Macy’s shares plunged 13% ...
NEW YORK (AP) — Macy’s will close 150 stores, 50 this year it said Tuesday, after posting a fourth-quarter loss and declining sales. While adjusted net income and revenue topped Wall Street ...
Macy's lowered its annual net sales forecast today, blaming higher promotions and weak demand for upscale apparel and accessories from deal-hungry consumers in the US, sending its shares down 12%.
Macy’s is still a leading department store, and has outrun the decline of the physical American mall by expanding their online presence and often running flash sales on their site. Whether you ...
Macy’s Inc.’s stock M fell 14% Wednesday after the department-store chain missed sales and same-store sales estimates for its fiscal second quarter and lowered its full-year guidance ...