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% ...

Because of that and the results year-to-date, Macy’s reaffirmed its “cautious” full-year outlook of adjusted earnings per share of $2.70 to $3.20 on net sales of $22.8 billion to $23.2 billion.

Lower to middle-income customer remains pressured - CEO Q1 adj. profit of 56 cents/shr vs est. of 45 cents Q1 sales net sales of $4.98 bln vs est. of $5.04 bln June 1 (Reuters) - Macy's Inc (M.N ...

Sales at its Macy's stores tumbled 4.4% and they fell 0.2% at Bloomingdale's, while Bluemercury sales increased 1.7%. Merchandise inventories were up 6.0%, higher than the company expected.

Macy’s sales and earnings report showed again how aggressive marketing brings results to the bottom line. Throughout the second quarter I observed the company to have very aggressive promotions ...

(Reuters) -Macy's lowered its annual net sales forecast on Wednesday, blaming higher promotions and weak demand for upscale apparel and accessories from deal-hungry consumers in the U.S., sending ...

Gennette said Macy’s would increase its promotions to clear out unsold merchandise. Same-store sales at Macy’s sank 8.7% last quarter, while higher-end department store Bloomingdale’s ...

Macy's shares lost 14 percent of their value on Wednesday – the biggest one-day loss since the financial crisis in 2008. The retailer's third-quarter sales results missed analysts' expectations ...

Macy's Inc. is showing signs of reversing its long sales slump that led to closing dozens of stores. The retailer is benefiting from the strong U.S. economy and its own strategic moves.

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% ...

Macy's lowered its annual net sales forecast on Wednesday, blaming higher promotions and weak demand for upscale apparel and accessories from deal-hungry consumers in the U.S., sending its shares ...