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Macy’s earnings beat Wall Street on less promotion and 'strategic markdowns'

Por: Fox Business Business March 02, 2023

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Manulife Investment Management chief economist Frances Donald joined ‘Making Money’ to discuss JPMorgan’s assessment that the economic narrative is shifting away from a soft landing.  Macy's posted better-than-expected on Thursday after the retailer decided to reduce its promotion and take on strategic markdowns. The company's margins fell just 2 percentage points to 34.1%, compared with contemporaries , whose margins slipped by... + full article



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