Macy’s run of sales declines reaches 10 straight quarters
August 10, 2017
Macy’s Inc. posted earnings per share of 48 cents in the second quarter of 2017, slightly ahead of the 46 cents per share figured expected by Wall Street. The department store operator’s sales declined 5.4 percent during the quarter, which the retailer attributed to the closing of 68 locations in the first half of the year.
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