YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Despite beating analysts' expectations for the second quarter, Macy's shares tanked 14 percent.
The company's comparable store earnings were up 0.5 percent, better than the 1 percent drop expected by analysts.
Fortune reports the share drop may have been due to a government report showing retail sales in July rose 6.4 percent compared with a year earlier.
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