Macy’s reports second-quarter sales decline as company doubles down on new strategy versus acquisition deal
Macy’s (M) reported another quarter of declining sales, a month after the company rejected a $6.9 billion takeover offer. On Wednesday, Macy’s reported a 3.8 percent year-over-year decline in net sales to $4.9 billion, below estimates of $5.06 billion. Store sales fell 4 percent, even more than the expected 0.27 percent decline. The company’s shares […]
