Macy’s Faces Profit Woes Amid Tariffs and Promotions Impact
Highlights: – Macy’s cuts full-year profit guidance despite beating earnings expectations – Economic uncertainty impacts Macy’s turnaround plans – Macy’s to close about 150 underperforming stores by early 2027 Challenges Faced by Macy’s Amid Economic Uncertainty Macy’s, a renowned department store, recently announced a revision in its full-year profit forecast, citing various challenges such as […]
