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Macy’s Is Downbeat on Spending as Credit-Card Delinquencies Rise

Por: MarketWatch Business August 22, 2023

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Macy’s 10% to $13.27 in morning trading Tuesday. Comparable-store sales declined across both the Macy’s and Bloomingdale’s chains, falling 9.2% and 2.7%, respectively. Bluemercury same-store sales rose by 5.8%. Lower credit-card revenue also weighed on the results. The company’s “other revenue” category fell by $84 million as credit-card delinquencies increased. “While we had expected delinquencies to rise as part of our... + full article



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