Macy’s, Best Buy Signal That Consumer Spending Still Decelerating (BBY, M)
Macy’s reported a $44 million loss in the 3rd quarter today on a 6% decline in comparable sales. While the comps result was slightly better than competitors like J.C. Penney (JCP) and Kohl’s (KOL), Macy’s somehow still felt it could reiterate its previous guidance for $1.10 to $1.30 EPS in the 4th quarter. But here’s [...]
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