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Macy's discounted spring goods amid cautious spending in 2Q, but results beat Wall Street views

Por: ABC News Business August 22, 2023

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NEW YORK -- Macy’s heavily discounted spring goods to make room for fresh fall and holiday merchandise amid customers' cautious spending, but adjusted profits and sales for the second quarter still beat Wall Street expectations.Macy's, which also operates upscale Bloomingdale's as well as Bluemercury beauty stores, reaffirmed on Tuesday its annual sales and profits forecasts, noting uncertainty about the economy in the second... + full article



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