Macy’s Reports Disappointing Q2 Earnings; Lowers Guidance and Looks to China

Macy’s revealed disappointing second quarter results, and it’s looking to China for future growth opportunities. In an earnings report, Macy’s Inc noted that revenue fell 2.6 % to $6.1 billion in the quarter, while its profit slipped from $292 million to $217 million. Macy’s cited a few reasons for the drop: One, it lost revenues from […] The post Macy’s Reports Disappointing Q2 Earnings; Lowers Guidance and Looks to China appeared first on Accessories Magazine.