Macy’s Posts Lower Sales in a Challenging Retail Environment
By Panos Mourdoukoutas Macy’s Inc. joined the chorus of U.S. retailers reporting lackluster sales in the fourth quarter in a challenging environment, sending its shares lower on Wall Street. This week, the owner of brand-name retail stores, including Macy’s, Bloomingdale’s, and Bluemercury, reported a 5.3 percent decline in net sales, with comparable sales down 1.9 percent on an owned…
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