Macy's Drops After Retailer Cut Its Outlook

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Macy's Inc. said earnings will be weaker than previously expected for the full-year, underscoring the uncertainty around US consumer spending through the remainder of 2023.  Bloomberg's Katie Greifeld reports.

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What does that tell you? Supposedly unemployment is low so you would think consumers have money to spend at Macy’s. The reports are flawed..

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