Retail News

Macy’s shares hit by earnings miss

Reuters 08/14/2019

Shares of Macy’s stock fell 13 percent in premarket after the department store retailer fell short of earnings expectations during the second quarter. Macy’s lowered its full-year profit forecast from between $3.05 and $3.25 a share to between $2.85 and $3.05.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!