Macy’s cuts outlook for the year with holidays around corner

Macy's cut its profit and sales expectations for the year after posting its first comparable store sales decline in almost two years. The company is citing the late arrival of colder weather, meager tourist business, weak traffic at some malls and problems on its website. Shares of Macy's Inc. tumbled 4 percent before the opening bell Thursday. The ...

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Macy’s cuts outlook for the year with holidays around corner

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