Retail News

Macy’s run of sales declines reaches 10 straight quarters

Cincinnati Business Courier 08/10/2017

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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