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Economy

“Macy’s and Costco sound a warning about the economy”

“Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy. Macy’s (M) on Thursday cut its annual profit and sales forecast after customer… Continue Reading…

Business, Stocks

“Macy’s shares sink as discounts to clear inventory hurt, tourism drops”

“Macy’s Inc <M.N> cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much… Continue Reading…