Macy's stock is tanking because it put too many clothes on sale during the spring  CNN

Macy's had a rough spring. It's the latest sign of pressure on the battered department store sector.

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Macy's shares are down more than 50% from a year ago. The company has been hit along with other department store operators.Macy's shares are down more than 50% from a year ago. The company has been hit along with other department store operators.

Macy's Inc 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 as 18%.Macy's Inc cut its full-year earnings forecast on Wednesday after missing e...

Macy's shares sink as discounts to clear inventory hurt, tourism drops - Reuters

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Macy's tumbled to its lowest intraday levels since 2010 after missing second-quarter estimates and lowering its 2019 profit expectations. The retail giant... Macy's tumbled to its lowest intraday levels since 2010 after missing second-quarter estimates and lowering its 2019 profit expectations. The retail giant...

Macy's plummets to its lowest level in 9 years after slashing its profit forecast (M) | Markets Insider

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Shares fell more than 15% in morning trading Wednesday.Shares fell more than 15% in morning trading Wednesday.

Macy's sends ominous signal for retailers in 2Q | Business | stltoday.com

The company said on Wednesday inventory became a challenge as it also missed the mark with its key women’s sportswear private brands and a higher decline in international tourism.Macy’s cut its full-year earnings forecast after missing Wall Street estimates for quarterly profit for the first time in two years, as the department store operator discounted heavily to clear

Macy’s shares plunge as discounts eat into profits

Macy’s stock has fallen sharply after the department store chain reported miserable second quarter earnings, painting an even bleaker picture for sector.Macy’s stock has fallen sharply after the department store chain reported miserable second quarter earnings, painting an even bleaker picture for sector.

Macy’s stock plunged after the department store chain reported a huge earnings miss - Barron's

NEW YORK (AP) — Macy's is lowering its annual earnings guidance after the department store struggled with a big earnings miss during the second quarter as it was forced to slash prices on unsold merchandise. The department store said Wednesday a combination of factors including a fashion miss, slow sell-through of warm weather clothing on top of a worsening climate for tourism led to rising inventory levels.NEW YORK (AP) — Macy's is lowering its annual earnings guidance after the department store struggled with a big earnings miss during the second quarter as it was forced to slash prices on unsold merchandise. The department store said Wednesday a combination of factors including a fashion miss, slow sell-through of warm weather clothing on top of a worsening climate for tourism led to rising inventory levels.

Macy's profits sink, sending ominous signal for retailers | KOMO

Macy’s sees adjusted diluted earnings per share of $2.85 to $3.05, down from its previous outlook of $3.05 to $3.25.Macy’s sees adjusted diluted earnings per share of $2.85 to $3.05, down from its previous outlook of $3.05 to $3.25.

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Macy's is lowering its annual earnings guidance after the department store struggled through the second quarter and was forced to mark down prices.Macy's is lowering its annual earnings guidance after the department store struggled through the second quarter and was forced to mark down prices.

Macy's cuts outlook and shares plunge

A fashion miss, slow sell-through of warm weather fashions and the accelerated decline in tourism caused rising inventory levels, the department store said.A fashion miss, slow sell-through of warm weather fashions and the accelerated decline in tourism caused rising inventory levels, the department store said.

Macy's earnings: Company sends ominous signal for retailers in 2Q