Macy's Stock Get Slammed

Entertainment (now)
Entertainment (now)
  • 5 years ago
Business Insider reports Macy's slashed its annual sales and profit guidance due to a disappointing holiday season.
The retailer also cut its comparable-sales forecast.
The holiday season started off strong during Black Friday and Cyber Week.
CEO Jeff Gennette said sales weakened in the middle of December and did not return to expected patterns until the week of Christmas.

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