Tue. May 21st, 2019

Macy's Shares Plunge as Weak Holiday Sales Prompt Forecast Cut

Macy’s Shares Plunge as Weak Holiday Sales Prompt Forecast Cut

Shares of Macy’s Inc plunged 17 percent in early trading on Thursday, after the department store operator cut same-store sales forecast for the full year due to weak demand during mid-December.

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