Macy's Inc. reported a disappointing profit for its second quarter and cut its outlook for the year on Wednesday, with the department store operator blaming shoppers' reluctance to spend for a slip in sales.
August 14, 2013 at 08:00 AM
1 minute read
Macy’s Inc. reported a disappointing profit for its second quarter and cut its outlook for the year on Wednesday, with the department store operator blaming shoppers’ reluctance to spend for a slip in sales.
Its shares fell 3.4 percent to $46.85 in premarket trading. Over the past year, its stock is up almost 27 percent.
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