Macy’s Disappointing Q3 Sales, Forecast Sends Shivers to Retailers’ Shares

New York—Macy’s Inc. today lowered its full year forecast after reporting third quarter sales and comp stores sales below analysts’ estimates. As one of the first department stores to report its earnings, Macy’s saw its shares dive nearly 16% today to a new 52-week low. Similarly, other department stores also saw their stocks fall For […]

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