Thursday, November 9, 2017

Macy's Sales Slide, Though Chain Stays Upbeat About Holidays

Macys storeMacy’s Inc. remains optimistic about the holiday season, even after posting disappointing sales in the latest quarter.

Same-store sales -- a key measure -- fell more than Wall Street expected in the last three months. Still, the company reaffirmed its full-year guidance, with Chief Executive Officer Jeff Gennette expecting e-commerce and its loyalty program to fuel sales in the crucial year-end season.. . . more

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