Macy’s Spells Bad News for Retailers
May 11, 2016 at 10:31 AM EDT
Reuters The sales slump at Macy’s (M) is not a new story. But the drop in revenue during the fiscal first quarter was far worse than anything Wall Street feared, sending investors racing for the exit. The department store giant fell more than 12% to a recent $32.55. But it also spelled bad news for the […]
